Title
Authorizing the City Manager to execute documents approving Trey Fletcher, Assistant City Manager and Lauren Henkes, Assistant Finance Director, as authorized signers for the Lone Star Investment Pool.
Summary
The City's authorized representatives for the investment pools need to be updated due to staffing changes. The City Manager recommends the authorized representatives with the authority to execute transactions on behalf of the City in the Lone Star Investment Pool as follows:
Trey Fletcher, Assistant City Manager
Lauren Henkes, Assistant Finance Director.
Approval of this item authorizes the City Manager to execute documents necessary to enact this change.
Similarly, RES-0751 on this agenda updates the City's authorized representatives in the Texas Local Government Investment Pool "Texpool."
Deadline for City Council Action
None.
Deadline for City Council Action
None.
Funding Expected: Revenue ___ Expenditure __ N/A _X_
Budgeted Item: Yes __ No __ N/A _X_
Amount: _N/A_______
1295 Form Required? Yes __ No _X_
Legal Review Required: N/A _X_ Required ___ Date Completed: ___
Supporting documents attached:
None.
Recommended Action
Authorize the City Manager to execute documents approving Trey Fletcher, Assistant City Manager and Lauren Henkes, Assistant Finance Director, as authorized signers for the Lone Star Investment Pool.