HomeMy WebLinkAbout05/21/2014 D4 AGENDA BILL b+
BREMERTON TRANSPORTATION BENEFIT DISTRICT
BOARD OF DIRECTORS
SUBJECT: Resolution No. 011 authorizing BOARD MEETING Date: May 21, 2014
Investment of TBD monies in the Local City Department: Financial Services
Government Investment Pool Presenter: Cathy Johnson
Phone: 473 -5296
SUMMARY: Chapter 294, Laws of 1986 authorize public funds by governmental entities to be
invested in the Local Government Investment Pool ( "LGIP "). In order to provide more clarity with
respect to how the Local Government Investment Pool operates, and as a result of recently amended
WACS, a prospectus has been created and distributed to all investors in the LGIP. The City has
been requested to provide an updated resolution referencing these changes.
ATTACHMENTS: Resolution No. 011
Exhibit A —Local Government Investment Pool Transaction Authorization Form
Local Government Investment Pool Prospectus dated January 2014
FISCAL IMPACTS (Include Budgeted Amount): None
RECOMMENDED MOTION:
Move to adopt Resolution No. 011 authorizing investment of TBD monies in the Local Government
Investment Pool.
AGENDA: �` Consent Agenda r Business I_ , Public Hearing
BOARD ACTION: [Approve F1 Deny ❑ Table ❑ Continue ❑ No Action
Form Updated 3/12/13