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Home My WebLink AboutResolutions R22-10-629 - 10/17/2022 - Georgia Fund 1 - ARPAFor Customer Use _X_ 1 have an ex1stmg Acc t .# 2332"212341 llus resolutton 1s for: ___ New Account _X_ Change 10 Existing Acct # 2332"212341 For OTFS Use Only ___ Acc t Approved __ Auth Entered ___ Audit __ Wire lnstrucuons ___ Addr Entered __ Wa re Templates Approval ___ ADI __ AD2 Res form 2000A GEORGIA FUND I (local governme11t investmellf pool) RESOLUTION TO A UTHORJZE 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 .:a:;:;'Yc..:oc..:,Mc..:;=110ccn·c..:G:.:.eo:crg�i•=---------------______________________________ 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) authorized 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 BE IT RESOLVED by the _M_a...:,y_o_r _a_nd_C_it;;_y_C_o_u_nc_i_l ----------(Board, Council or other Governing Body) that funds of the aty of MIiton, Georgia 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 RESOLVED THAT: 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 Milton Name, Title, (Employer, if applicable) Email: stevan.krokoff@miNonga.gov Stacey Inglis, Deputy City Manager Email: stacey.inglis@miltonga.gov Bernadette Harvill Email: bernadette.harvill@miltonga.gov Karen Ellis Email: karen.ellis@miltonga.gov 678 242-2500(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: (Ma11y ba11ks have separate i11structio11s for wires and ACH deposits. Please verify both sets of i11structio11s with your ba11k a11d provide them below. This will ensure accurate delivery of your funds to the designated ba11k accoum). (For ACH) (Local Bank Name) (ABA Number) (For WIRE) Truist Bank (Local Bank Name) 061000104 (ABA Number) (Account Title) (Account Number) (City, State) City of Milton Depository Account (Account Title) 1000137235791 Alpharetta, GA (Account Number) (City, State) (If applicable) Our local bank prefers to receive credit for wire transfers at the following Correspondent Bank: Resolution No. R22-10-629 (Bank Name) (City) (ABA Number) (Account Nun1ber) Additional Bank Account (if applicable): (For ACH) (Local Bank Name) (ABA Number) (Account Title) (Account Number) (City, State) (ForWTRE) _________________________________ _ (Local Bank Name) (Account Title) (ABA Number) Correspondent Bank (if applicable): (Account Number) (City, State) (Bank ame) (City) (ABA Number) {Account Number) 3.The local government invesunent pool monthly statements of account to:Karen Ellis, Finance Director (Anention) 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; _30 __ % more than 30 days but less than 90 days; _40 __ % 90 days or longer. ..J.{lQ_o/o Entered at City of Mitton, Georgia , Georgia this ___ _ , ,, .. 11111,,,,,, ' 1 Please complete and return an original copy 10: Georgia Fund I Office of the tale Treasurer 200 Piedmont Avenue uite 1204, West Tower Atlanta, GA 30334-5527 (Signature o of Governing Authority) Peyton Jamison (Please Print or Type -Head of Governing Authority) Mayor (Title) Telephone: Toll Free: Fax: (404)656-2993(800)222-6748(404)656-9048Georgia F1111d I (local gover11111e11t investment pool) deposits are 1101 guaranteed or i11s11red by any bank, tire Federal Deposit Insurance Corporation (FDIC), tire Federal Reserve Board, tire State of Georgia or any other agency.