The URL can be used to link to this page

Home My WebLink AboutRESOLUTION NO. 2023-127M ,, i �. � Date November 14, 2023 . r , . . . < � T i�� , � F � , r . . �� F,, ,� r . . . WHEREAS, Iawa Code section 28E.1 permits palitica{ subdivisions to make efficient use oftheir pawers by enabling them to provide joint services with other Pubiic Agencies and to cooper•ate in other ways of mutual advantage, and to exercise and enjay jointly any powers, privi[eges ar autharity exei•cised ar capable of 6eing exercised by one Public Agency of this state ar private agencies far the joint a- eooperative action; and WHEREAS; Iowa Cade sections 331.555 and 384.21 empowers Cities, City Utilities, and Counties to invest their monies pursuant t0 a JCTII7t 1riVeSt%Tlerit d�Tt°e�l"11e111.; at1Cj .. WHEREAS, the City af Fais-field, the Maquoketa Municipal Utility, and Buchanan Caunty are politicai subdivisions og•ganized and existing under and by virtue of the laws and Constitution af the State oi Iowa and.have appz•oved the Joint Powers Agreement and Declaration of Ti•ust and thereby they have estabiished the Iowa PubIic Agency Investment Ti•ust as af October 1, 1987, and amended as af the first day af August, 198$; and as of the 15` day af May, i993, and further amended the frst day af September, 2605; and fi�rther amended as of the ls` day of September 2017; and WHEREAS, this Governing Bady desires to adopt and enter inta the Joint Powers Agreement and Declaration of Trust, and it is in the best intei•est of this Govetning Body to participate in the Iawa Public Agency Investment Trust for the puipose of joint investment of monies with othei• cities, ciYy utilities and counties ta enhance investment earnings to each; and WHEREAS; this Gavet�ning Body deems it to be advisable for this Public Agency to make use, iram time ta time, of the Fixed Tetm Automated Investment Program available ta Participants oiIPAIT; � ■ Sectian 1. The Joint Pawers Agreement and Declaratian of Trust is approved and adopted. This Public Agency jains with the ather pub3ic agencies in accordance with the Jaint Powers Agreement and Declaratian of Trust, as amended, (the "Declaration of Trust"} which is incorporated herein by reference �vith the same effect as if it had been set out in this resolution by becoming a Participant of TPAIT. The Joint Powers Agreement and Declaration of Trust is filed in the minutes af the meeting at which this Resolutian is adopted. The authorized officials of this Public Agency are directed and authorized ta take sach actians and execute documents as may be deemed necessary and appi•opriate to effect the entry of this Public Agency into the Declaration of Trust and adoption thereof by this Publie Agency and to c�riy aut the intent and purpose of this Resolution. Section 2. This Public Agency �s authorized to invest its available monies fram time to time and ta withda•aw such mon3es fi°om time to tirne in accordance with the pravisians of the Declaratian of Trust and the Fixed "ferm Autamated Investment Program of IPAIT. Payment foi• any investments made �vithin the Fi�ed Term Automated Tnvestment Pragram is authai-ized fi•om the Public Agency's specified IPAIT Aceount. Interest and principal payments must be credited to the Public Agency's designated Trust Accaunt. The Custadian will hald investments in the name of IPAIT for the account af the Public Agency. The follo�ving officers and officials of this Public Aeency and their respective successors in office each are designated as "Authorized Ofticials" �vith full po�ver and authorit�� to effectuate the investment and withdrawal of monies with this Public Agency from time to time in accordance �vith the Joint Po�vers Agreement and Declaration of Trust. Cynthia Stimson _............—_.� ..... ... . . ... Printed Name Tina Rosekrans Printed Name Printed Name City Clerk/Treasurer Trtle....�_ ,.. Deputy City Clerk/Treasurer _�.. Titl.e ...............� Title IPAIT must be advised of any changes in Authorized Officials in accordance with procedures established by IPAIT. Section 3. The Trustees of 1PAIT are designated as having official custody of this Public Agency's monies which are invested in accordance with the Joint Powers Agreement and Declaration of Trust and any monies invested in accordance with the Trust's Fixed Term Automated Investment Program. Section 4. IPAIT is authorized to designate and name depositories, to execute documents, and to take actions as may be necessaiy to purchase and make payment, sell, secure, or take payment of principal and interest. Certificates of deposit must be purchased only fi•om financia] institutions designated by IPAIT which are approved depositories as prescribed by Iowa Code chapters 12B and 12C. Section 5. Authorization is given for members and officials of this Public Agency to serve as Trustees of IPAIT fi•om time to time if selected as such pursuant to the provisions of the Declaration of Trust. Section 6. Unless otherwise expressly defined, �vords that are capitalized in the Resolution have meanings defined in the Joint Powers Agreement and Declaration of Trust. Passed and approved this 14th City of Fairfax Name ofPublic�Agency ��.�.,W�,.d��'a�°�"� � ,d�yp,,' '� �� "� � ��,,r� . � � � �Yr�K �.�ry� �i� I�� M ,�..y��.-�—"�e"`" �'��'.��C'�� .....�.... �.�.�.. �� 4_..tlrY;tlw:i��c�•�:rt��a•y November dayof �_.......�.� .............Ww..,.�, m...- 2023 �-�� "�� ,�� p � Si nature of Presidin Offi� �� g g cer Please deliver this form and the cerlification and a completed application form to the following address: gps@pmanetwork.com or PMA Financial Network. LLC Attn: Fund Administration 2135 CityGate Lane, 7th Floor Napervi11e,1L 60�63 IOWA PUBLIC AGENCY INVESTMENT TRUST FORM A CERTIFICATE STATE OF IOWA '�� SS: COUNTY OF �� Cit of FairFax I, the undersigned of y ,, , . State of Iowa, do certify that (Name of Pa�blic AgencY) attached is a complete copy of the portion of the records of the Governing Body of the named Public Agency, and the same is a complete copy of the action taken by the Governing Body of the Public Agency with respect to this matter at the meeting held on this date; these proceedings remain in full force and effect and have not been amended or rescinded in any way; that this meeting and all action was publicly held in accordance with notice of public meeting and tentative agenda, a copy of which was timely served on each member of the Governing Body ofthe Public Agency and posted on a bulletin board or other prominent place easily accessible to the public clearly designated for that puipose, at the principal otfice of the Governing Body and in accordance with the provisions of Iowa Code chapter 21, ��vith at ]east 24 hours advance notice to the public and media as required by law and with members ofthe public present in attendance. I further certify that the individuals named therein were on this date lawfully possessed of their respective offices as indicated. that no vacancy existed except as may be stated in proceedines, and that no controversy or litigation is pending, prayed or threatened involving the incorporation, organization, existence or boundaries of the Public Agency or the right of the individuals named herein as officers to their respective positions. WITNESS my hand hereto affixed this � 5th aay ofNovember 2023 By �-�� '� °�� ` �� '��:�� , .� �'� �� Y.% _...g ....�� ...� �� (Cle��k/Secreta� or Pa�blrc A enc 15th November 2023 Subscribed and sworn to bef'ore me on this day of �T � ,°'� ,' r r� � Y� � � / �� BY �� :��.�Q .....r: , � � �s^��.�.� �.�.T� �, � �� '"�� Public) � STACI KLINEFELTER Notarlal Seal - lowa Commission Number 828979 My Commission Expires Dec 15, 2023 ' I � F E • � I. BASIC INFORMATION Name of Public Agency _Clty Of FaIIfaX Legal Name as filed with the IRS (if diffe�•ent) Check one:��ity �City Utility �County �28E Organization �Other: Check all appropriate bax(es} Member of: ILC ❑ IAMU liil ISAC ❑ Contact Person and Title , , . Cynthia tims.o�.n ........................__ _....................��,..,. Address PO Box 337, 300 80th St Ct, Fairfax, IA 52228 c�unty Linn Telephone Number 22�4 319=846-. � _,...__. Federal Identification Number 42-�959452 E,r,a;i fairfax@cityoffairfax.org . � � . Authorization is hereby given to PMA Financial Network, as IPAIT Administrator, ta open the following Iowa Public Agency Investment Trust Account. Name to appear on IPAIT AccoUnt (e.g. General Fund, etc.}* ment � IPAI nvest City of Fai ax ,, . .�_.._ Is this new account designated for bond pi•oceeds? yes O no � � ► , �; ;i i � M • Authorization is given to PMA Financial Nerivork. as the IPAIT Administrator, to hanor any request believed to be authentic for investment to ar withdrawal ti•om IPA1T. Monies �vi11 be transferred only upon telephone, written or personal notice fi•om an Authorized Official of the Public Agency. Upon notificatian, the Administrator will initiate dehit and credit entries ta the loca] depository account(s) indicated and the local deposito�y(ies) are authorized to debit and credit the same to such account(s}. Transfer must be made by Automated Clearinghouse Transfer (ACH); if available, unless other•�vise dii-ected by the Public Agency. Thei•e is no direct charge for ACH transfers. IV. INFORMATIdN STATEMENT AND DECLARATION dF TRUST It is hereby certified that the Public Agency has received a capy af the ]nfo�mation Statement of TPAIT and a copy of the Joint Po�ve�s Agi•eement and Declaration of Trust and agrees to be bound by the terms of such documents. � . The information, certifications and authoriza�ions set forth an this application shall remain in fu]] force and effect until the IPAIT Administrator reccives written notif7catian af a change. 4 VI. AUTHORIZED SIGNATURES The following are Authorized Ofticials (as designated in Resolution - Form A) of this Public Agency to effectuate the investment and �vithdra�val of monies of this Public Agency fi•om time to time in accordance �vith the Joint Powers Agreement and Declaration of Trust. Name of Public Agency Clt�/ Of FaII�aX Cynthia Stimson, City Clerk/Treasurer Printed Name / Official Title Tina Rosekrans, Deputy City Clerk/Treasurer Printed Name / Official Title ��" ,��r�" �� '"�� "��E� S'i�� tiiiiir°� �,, � �� ,_.� _'� �'+ ��, C" � :�,.� �C, ,�..("��,,,� Sn ;rc�a�taau�c: � .� � � _.....—. Printed Name / Official Title Signature Vll. APPLICATION SIGNATURE Application is hereby made this ��t� Name: Cynthia Stimson day �,d. ber 2023 N ove.m .� .... ...m__ Title: City Clerk/Treasurer —��:.� ��_ � �f�'��,��„� ��..��,,"�� i��nt�ar��c a"' '.'� ��"' a�� °� This applu`��'k��form must be signed by an official authorized by Resolution to Transact business with IPAIT„ (See Resolution Form A for Authorized Officials) Please deliver this form to the following address:. gps�pmanetwork.com or PMA Financial Network, LLC Attn: Fund Administration 2135 CityGate Lane, 7th Floor Naperville, IL 60563 *ForAdditionallPAlTAccounls, t�se Addilionnl:lccount Atilha•rration Fo��m. ** For Additional At�thori�ed Deposilories, use Bm�k AccoznN /nformalion Form