Resolution 14-007 LGIP RESOLUTION 14-007 AUTHORIZING INVESTMENT
OF CITY OF SPOKANE VALLEY 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 contribution and withdrawal of money by an authorized governmental
entity for purposes of investment by the Office of the State Treasurer; and
WHEREAS, from time to time it may be advantageous to the authorized governmental entity,
City of Spokane Valley,the"governmental entity",to contribute funds available for investment in the
LGIP; and
WHEREAS, the investment strategy for the LGIP is set forth in its policies and procedures; and
WHEREAS, any contributions or withdrawals to or from the LGIP made on behalf of the
governmental entity shall be first duly authorized by the City Council of the City Spokane Valley,WA,
the"governing body"or any designee of the governing body pursuant to this resolution or a subsequent
resolution; and
WHEREAS,the governmental entity will cause to be filed a certified copy of said resolution with
the Office of the State Treasurer; and
WHEREAS, the governing body and any designee appointed by the governing body with
authority to contribute or withdraw funds of the governmental entity has received and read a copy of the
prospectus and understands the risks and limitations of investing in the LGIP; and
WHEREAS,the governing body attests by the signature of its members that it is duly authorized
and empowered to direct the contribution or withdrawal of governmental entity monies,and to delegate
certain authority to make adjustments to the incorporated transactional forms, to the individuals
designated herein.
NOW THEREFORE,BE IT RESOLVED that the governing body does hereby authorize the
contribution and withdrawal of governmental entity monies in the LGIP in the manner prescribed by law,
rule, and prospectus.
BE IT FURTHER RESOLVED that the governing body has approved the Local Government
Investment Pool Transaction Authorization Form(Form)as substantially completed by the City Manager
and incorporates said form into this resolution by reference and does hereby attest to its accuracy. The
City Manager is further authorized to complete the Form with appropriate bank account numbers and
submit it to the LGIP.
BE IT FURTHER RESOLVED that the governmental entity designates Mike Jackson, City
Manager as the "authorized individual"to authorize all amendments, changes, or alterations to the Form
or any other documentation including the designation of other individuals to make contributions and
withdrawals on behalf of the governmental entity.
BE IT FURTHER RESOLVED that this delegation ends upon the written notice, by any method
set forth in the prospectus, of the governing body that the authorized individual has been terminated or
Resolution 14-007 Authorizing Investment in Washington Local Government Investment Pool
that his or her delegation has been revoked. The Office of the State Treasurer will rely solely on the
governing body to provide notice of such revocation and is entitled to rely on the authorized individual's
instructions until such time as said notice has been provided.
BE IT FURTHER RESOLVED that the Form as incorporated into this resolution or hereafter
amended by delegated authority, or any other documentation signed or otherwise approved by the
authorized individual shall remain in effect after revocation of the authorized individual's delegated
authority, except to the extent that the authorized individual whose delegation has been terminated shall
not be permitted to make further withdrawals or contributions to the LGIP on behalf of the governmental
entity. No amendments, changes,or alterations shall be made to the Form or any other documentation
until the entity passes a new resolution naming a new authorized individual; and
BE IT FURTHER RESOLVED that the governing body acknowledges that it has received the
prospectus as provided by the Office of the State Treasurer. In addition,the governing body agrees that a
copy of the prospectus will be provided to any person delegated or otherwise authorized to make
contributions or withdrawals into or out of the LGIP and that said individuals will be required to read the
prospectus prior to making any withdrawals or contributions or any further withdrawals or contributions
if authorizations are already in place.
Effective Date. This Resolution shall be effective upon adoption.
Adopted this 8th day of July, 2014.
City of Spokane Valley
can Grafos, M.+or,,,,,:01,
ATTEST
■ .SII i(
hristine Bainbridge, City Clerk
Approved as to Form:
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Office the Cit rney
Resolution 14-007 Authorizing Investment in Washington Local Government Investment Pool
LOCAL GOVERNMENT INVESTMENT POOL
TRANSACTION AUTHORIZATION FORM
Please fill out this form completely,including any existing information, as this form will replace,the previous form.
Name of Entity: City of Spokane Valley, WA Mailing Address:
Fax Number: 509-688-0236 11707 E. Sprague Ave., Suite 106
Spokane Valley, WA 99206
1 E-mail Contact: mcalhoun(@,spokanevalley.org
ii.,spokanevalley.org
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.
P1 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: Banner Bank
Branch Location: 802 W. Riverside Avenue; Spokane,WA 99201
Bank Routing Number: 125105741
Account Number: 1014030605
Account Name: General
Persons authorized to make deposits and withdrawals for the entity listed above.
Name Title Signature Telephone Number
Mark S. Calhoun Finance Director );�A `� Ar ,/�/ � 509-720-5040
Dan Duffey Accounting Manager 509-720-5043
By si nature below,I certif I am authorized to represent the institution/agency for the purpose of this transaction.
ii /////�(/y�, Finance Director
(Authorized SIkkignatu ) (Tlrle) __(pate)
Mark S.Calhoun lncalhounspokanevalley.org 509-720-5040
(Print Authorized Signature) (E-mail 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 •
F . A)cti -9044
�''�' pSS O 111/cv 1 State of Washingtonn � ) PA 1 C r
C' "=�. r ,, County f.J •�
a�, SS (.L.4-5.
I k -
0 *4c, + a� Signed r attested before me by �' '
Dated this i day of j l iv_i ,201L(
7, Res, ,t.f 6 k (Allo -ivp.-�_.
�j, tP), f�4ita-22`,�.� Signature ofNota;y
1, '9 `� SEAL OR STAMP .-i V-,( C i\ It(-- fig -tikno A
Typed or printed name of Notaty
Notary Public in and for the State of Wash.
My appointment expires: 45" 'Li--1-O 15