HomeMy WebLinkAboutResolutions R22-10-631 - 10/17/2022 - Georgia Fund 1 - TSPLOSTFor CU51omer Use
_X_ l ha,-. an extsung Acct # 2331-153918
llus resoluuon tS for New Account
_X_ Cbanguo Ex1s11ng Acct N 2331-153918
For OTFS Use Onl) ___ Acct Appro,ed __ Auth Entered ___ Audn __ W,re Instructions ___ Addr Entered __ Wire Templau,s Approval ___ ADI __ AD2
Res. form 2000A
GEORGIA FUND I
(local govemment investment pool)
RESOLUTION TO AUTHORIZE INVESTMENT
WHEREAS, Ga. Code Ann. §§36-83-1 to 36-83-8 authorizes Georgia local governments and other authorized entities to invest funds through the local government investment pool, and WHEREAS, from time to time it may be advantageous to the _Ctty_ot_M_u_10n_._G_eo<g1_a ____________ _ ______________________________ lo deposit funds available for (Name of Local Government, Political Subdivision or State Agency) investment in Georgia Fund I (hereinafter referred to as the local government investment pool) as it may deem appropriate; and WHEREAS, 10 provide for the safety of such funds deposited in the local government investment pool, investments are restricted to those enumerated by Ga. Code Ann. §36-83-8 under the direction of the State Depository Board, considering first the probable safety of capital and then the probable income to be derived; and WHEREAS, such deposits must first be duly authorized by the governing body of the local government or authorized entity and a certified copy of the resolution authorizing such investment filed with the Treasurer of the Office of the State Treasurer; and WHEREAS, such resolution must name the official(s) authorized 10 make deposits or withdrawals of funds in the local government investment pool; and WHEREAS, Ga. Code Ann. §36-83-8 requires a statement of the approximate cash flow requirements of the participating government pertaining to the funds to accompany the authorization to invest such funds at the time such deposits are duly authorized: NOW. THEREFORE BE IT RESOLVED by the _M_a..c.y_o_r _an_d_C_ity'--C_o_u_nc_i_l ----------(Board, Council or other Governing Body) that funds of the CltyofMilton.Geotgla may be deposited from time to (Local Government, Political Subdivision, or State Agency) time in the manner prescribed by law and the applicable policies and procedures for the local government investment pool. BE IT FURTHER RESOL VED TIIAT: I.Any one of the following individuals shall be authorized to deposit and/or withdraw funds from the localgovernment investment pool on behalf of such government or other authorized entity (if a listed individual isemployed by an entity other than the depositor. indicate employer):Steven Krokoff, City Manager, City of Mil ton 678 242-2500Name, Title, (Employer, 1fappllcable) Email: steven.krokoff@miltonga.gov Stacey Inglis, Deputy City Manager Email: stacey .inglis@miltonga.govBernadette Harvill Email: bernadette.harvil l@miltonga.govKaren Ellis Email: karen.ellis@miltonga.gov (Area Code) Phone Number 678 242-2500678 242-2500678 242-2500Email: ___________________ _ All withdrawals from the local government investment pool shall be wired to the following participant's demand deposit account: (Many banks have separate instructions for wires and ACH deposits. Please verify
both sels of instructions with your bank and provide them below. Tl,is will ensure accurate delivery of your
funds to the designated bank account). (For ACH) (Local Bank Name) (ABA Number) (For WLRE) Truist Bank--------------(Local Bank Name) 061000104 (ABA Number) (Account Title) (Account Number) (City, State) City of Milton TSPLOST Account (Account Title) 1000207800722 Al pharetta, GA (Account Number) (City, State) (If applicable) Our local bank prefers 10 receive credit for wire transfers at the following Correspondent Bank:
RESOLUTION NO. R22-10-631
(Bank Name) (City) Additional Bank Account (if applicable): (For ACB) (Local Bank Name) (ABA Number) (ABA Number) (Account Number) (Account Title) (Account Number) (City, State) (ForWLRE ) _________________________________ _ (Local Bank Name) (ABA Number) Correspondent Bank (if applicable): (Account Title) (Account Number) (City, State) (Bank Name) (City) (ABA Number) (Account Number) 3.The local government investment pool monthly statements of account to:Karen Ellis, Finance Director (Auention) 2006 Heritage Walk (Address) Milton, GA 30004 (City, State & Zip Code) 4.Changes in the above authorization shall be made by cancellation or replacement resolution delivered to theOffice of the State Treasurer. Until such a replacement resolution is received by the Office of the State Treasurer,the above authorized individuals, local government demand account instructions and statement mailing address(es)shall remain in full force and effect.5. The following schedule represents the period in which existing balances are currently expected to remaininvested in the local government investment pool:�% 30 days or less: _JO __ % more than 30 days but less than 90 days; _4o __ % 90 days or longer. --lQQ..% Entered at City or Milton, Georgia ,,,,111111111,,,,, Georgia this Please complete and return an original cop) to: Georgia Fund I Office of the State Treasurer 200 Piedmont Avenue uite 1204, West Tower Atlanta, GA 30334-5527 Peyton Jamison (Please Print or Type -Head ofGoveming Authority) Mayor (Title) Telephone: Toll Free: Fax: (404) 656-2993(800) 222-6748( 404) 656-9048Georgia Fund I (local govemme11t investment pool) deposits are 11ot guara11teed or insured by a11y ba11k, tire Federal Deposit Jnsura11ce Corporatio11 (FDIC), tire Federal Resen•e Board, tire State of Georgia or a11y other age11cy.