HomeMy WebLinkAboutResolutions R22-10-630 - 10/17/2022 - Georgia Fund 1 - GeneralFor Customer u .. _X_lhaveanmsungAcct ,I 2330-71597 This resolur1on 1s for NewAccooot _X __ Change to Extsung AttL # 2330-71597 GEORGTA FUND I For OTFS Use Only ___ Acct Approved __Aut h En tered ___ Audn __ Wire lnsuucuons ___ Addr Entem! __ Wo re Templates Appnn-al ___ ADI __ AD2
Res form 2000A
(local govemment i11vestme11t pool)
RESOLUTTON 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 10 the _c.ty....a...ot_M_i_10n_.'-Georg-=-1a ___________________________________________ to 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, to 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) authorize-0 to 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 8E IT RESOLVED by the _M_a_y_o_r_a_nd_C_ity_C_o_u_n_ci_l __________ _(Board, Council or other Governing Body) that funds of the Clty or Milton, Georgia may be deposited from time to (Local Government, Political Subdivision, or State Agency) lime in the manner prescribed by law and the applicable policies and procedures for the local government investment pool. 8E IT FURTHER RESOLVED THAT: I.Any one of the following individuals shall be authorized to deposit and/or \\ithdraw 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, Ci ty Manager, City of Milto n 678 242-2500Name, Title, (Employer, 1fapphcable) Email: steven.krol<off@mltonga.gov (Area Code) Phone Number Stac ey Inglis, D epu ty City Manager Email: stac ey .inglis@milto nga.gov B ernadette Harvill Email: bernadette.harv ill@milto nga.gov Karen Ellis Email: karen.elli s@milto nga.gov Email: ___________________ _ 678 242-2500678 242-2500678 242-2500All withdrawals from the local government investment pool shall be wired to the following participant's demand deposit account: (Ma11y ba11ks have separate instmctio11s for wires and ACH deposits. Please verify
both sets of i11structio11s with your ba11k a11d provide them below. This will e11sure accurate delivery of your
f1111ds to tire designated bo11k accou11t).
(For ACH) (Local Bank Name) (ABA Number) (Account Number) (Account Title) (City, State) (For wrru:) _T_ru_i_s _t B_a_n_k __________ C _ity_o_f_M_i _lto_n_D_e_p_o _si _to_ry _A_c_c _o _u n_t _______ _(Local Bank Name) (Account Title) 061000104 1000137235791 Alpharetta, GA (ABA Number) (Account Number) (City, State) (If applicable) Our local bank prefers to receive credit for wire transfers at the following Correspondent Bank:
RESOLUTION NO. R22-10-630
(Bank ame) (City)
Additional Bank Account (if applicable}:
(For ACH )
(Local Bank ame)
(ABA Number)
(ABA umber) (Account Number)
(Account Tille)
(Accow11 Number) (City, State)
(For WIRE) _________________________________ _ (Local Bank Name)
(ABA Number)
Correspondent Bank (if applicab le):
(Bank Name) (City)
(Account Tille)
(Account Number) (City, S1a1e)
(ABA Nun1ber) (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, S1a1e & Zip Code)
4. Changes in the above aulllorization shall be made by cancellation or replacement resolution delivered 10 the
Office of Lile State Treasurer. Until such a replacement resolution is received by the Office of the Stale Treasurer,
Lile above authorized individuals, local government demand account instrnctions 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 remain
invested in Lile local government investment pool:
�% 30 days or less;
_30 __ % more than 30 days but less Lllan 90 days;
_4o __ ¾ 90 days or longer .
.JillL¾
Entered at City of Milton, Georgia
\\\I\ I II II I fl/// I I/
,Georgiathis ____ d� 20 _.
(Sig£�ulllority)
Peyton Jamison
Please complete and return an original copy to:
Georgia Fund I
Office of the tale Treasurer
200 Piedmont Avenue
uite 1204, West Toner
Atlanta, GA 30334-5527
(Please Print or Type -Head of Governing Authority)
Mayor
(Title)
Telephone:
Toll Free:
Fax:
(404) 656-2993
(800) 222-6748
( 404) 656-9048
Georgia F11nd I (local govemme11I i11vestme111 pool) deposits are 1101 guaranteed or insured by any bank, the Federal
Deposit lns11ra11ce Corporation (FDIC), the Federal Reserve Board, the Stale of Georgia or any other agency.