HomeMy WebLinkAbout007 RESOLUTION NO. 007
A RESOLUTION of the Board of the Bremerton
Transportation Benefit District, authorizing investment of
Bremerton Transportation Benefit District monies in the Local
Government Investment Pool
WHEREAS, pursuant to Chapter 294, Laws of 1986, the Legislature created a trust
fund to be known as the public funds investment account (commonly referred to as the Local
Government Investment Pool ( "LGIP ") for the deposit of money by an authorized governmental
entity for purposes of investment by the State Treasurer; and
WHEREAS, from time to time it may be advantageous to the authorized
governmental entity, the Bremerton Transportation Benefit District, ( "TBD "), to deposit funds
available for investment in the LGIP, and
WHEREAS, any deposits made on behalf of the TBD shall be first duly authorized
by the Board of the Bremerton Transportation Benefit District, the "TBD Board ", in this
resolution or a subsequent resolution, and a certified copy of said resolution shall be filed with the
State Treasurer's Office, and
WHEREAS, the TBD Board attests by the signature of its members that it is duly
authorized and empowered to enter into this agreement, to direct the deposit of TBD monies, and
to delegate certain authority to make adjustments to the incorporated transactional forms, to the
individuals designated herein
THE BOARD OF THE BREMERTON TRANSPORTATION BENEFIT
DISTRICT, DOES HEREBY RESOLVE AS FOLLOWS
SECTION 1. The TBD Board does hereby authorize the deposit and withdrawal
of TBD monies in the LGIP in the manner prescribed by law, rule, and applicable policies and
procedures for LGIP
SECTION 2. That the TBD Board has approved the LGIP Transaction
Authorization Form ( "Form ") as substantially completed by Becky Hasart, the designated
Treasurer of the TBD, attached hereto as Exhibit A and incorporated herein by this reference
SECTION 3. Pursuant to RCW 36 73 020(4), the Charter of the TBD and the
Interlocal Agreement entered into between the City of Bremerton and the TBD, the Director of
Financial Services of the City of Bremerton serves as the Treasurer of the TBD
SECTION 4. That the TBD designates the seated Treasurer of the TBD as the
"Authorized Individual" to authorize all amendments, changes, or alterations to the Form or any
other documentation including designating other individuals to make deposits and withdrawals on
Investment Authorization
behalf of the TBD
SECTION S. That the TBD will notify the State Treasurer's Office immediately
upon the replacement of the Treasurer of the TBD which replacement shall than serve as the
Authorized Individual
SECTION 6. That the Form as incorporated into this resolution or hereafter
amended or any other documentation signed or otherwise approved by the Authorized Individual
shall remain in effect should the Authorized Individual's authority be terminated or otherwise end
No amendments, changes, or alterations shall be made to the Form or any other documentation
until the Treasurer of the TBD is replaced who shall then serve as the new Authorized Individual
SECTION 7. That the TBD Board acknowledges that neither the State of
Washington nor the State Treasurer guarantees any investment made by the TBD in the LGIP and
it is possible to lose money by investing in the LGIP Therefore, the governing body agrees to
hold the State of Washington, the state treasurer, and the LGIP harmless from any investment
losses incurred as a result of investment with the LGIP
SECTION 8. Severabdq If any one or more sections, subsections, or sentences
of this Resolution are held to be unconstitutional or invalid, such decision shall not affect the
validity of the remaining portion of this Resolution and the same shall remain in full force and
effect
SECTION 9. Effective Date This Resolution shall take effect and be in force
immediately upon its passage
PASSED by the Board of the Bremerton Transportation Benefit District this
day of 19 prf / , 2012
By Adam Brockus
Its President
APPROVED AS TO FORM. ATTEST
4 OG i ER A LUBOVI SHANNON L CO m City Clerk
R \Legal\Legal \Files \Current Active FdesUransportation Benefit Dlstrlct\Resolution- Authonzmg Investment doe
Investment Authorization
LOCAL GOVERNMENT INVESTMENT POOL 'EXHIBIT A
TRANSACTION AUTHORIZATION FORM -
Please fill out this form completely, including any existing information, as this form will replace the previous form.
Name of Entity Bremerton Transportation Benefit Mailing Address
District 345 6 Street, Suite 600
Fax Number 360 -173 -5200 Bremerton, WA 98337
E -mail Contact Becky Hasart@ci bremerton wa us
Do you wish to have your monthly LGIP statements faxed to the number listed above?
Please note — if you choose to receive statements via fax, you will not receive another copy via U S mail
M YES, please fax statements ❑ No, please send statements via U S mail
Bank account where funds will be wired when a withdrawal is requested.
(Note Funds will not be transferred to any account other than that listed)
Bank Name. Bank of America
Branch Location CASC Commercial Accounts Service Center, Seattle, WA
Bank Routing Number
Account Number
Account Name
Persons authorized to make deposits and withdrawals for the entity listed above.
Name Title Signature Telephone Number
Rabecca R Hasart Director of Financial 360 - 473 -5722
Services
Catherine A Johnson Asst Director of 360- 473 -5296
Financial Services
Judith Carlson Accounting Asst Sr 360- 473 -5208
By signature below, I certify I am authorized to represent the institution /a ncy for the purpose of this transaction.
Director of Financial Services 04/04/12
Authorized Signature) Title Date
Rabecca R Hasart Becky Hasart@ci bremerton wa us 360- 473 -5722
Print Authorized Signature) E -marl Address (Telephone number
Any changes to these instructions must be submitted in writing to the Office of the State Treasurer. Please mail
this form to the address listed below:
OFFICE OF THE STATE TREASURER Date Received
LOCAL GOVERNMENT INVESTMENT POOL Fund Number
PO Box 40200 (for LGIP use only)
OLYMPIA, WA 98504 -0200
FAX (360) 902 -9044
State of Washington )
County of ) ss
Signed or attested before me by
Dated this _ day of , 20_
Signature of Notary
SEAL OR STAMP
Typed or printed name of Notary
Notary Public in and for the State of Wash