2026-012 - Allowing the City to participate in Texas Cooperative Liquid Assets Securities System Trust (CLASS) for Local Government Investment Pool

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CL§ s Texas Cooperathre Liquid Assets Securities System Trust NOW THEREFORE, BE IT RESOLVED 13Y THE GOVERNING BODY OF THE LOCAL GOVERNMENT: That the form, terms, and provisions of the Trust Agreement, a draft of which was presented and reviewed at this meeting, providing for the creation of the Program and for the rights of the Program Participants and the duties and responsibilities of the Administrator be and the same are hereby approved and adopted; and that the Investment Officer be and he or she is hereby authorized and directed to execute and deliver to the Administrator and the Custodian in the name and on behalf ofthe Local Government a participation certificate evidencing the agreement of the Local Government to be bound by the Trust Agreement substantially in the form of the Trust Agreement reviewed and approved at this meeting, together with such changes therein as may be approved by the said officer, such approval to be conclusively evidenced by the execution thereof; and be it further Resolved that the investment program established by the Trust Agreement is hereby found and determined to be consistent with the Policy and to preclude imprudent investment activities arising out of investment transactions conducted between the Local Government and the Program; and be it further Resolved that the Governing Body hereby officially finds and determines that the facts and recitations contained in the preamble of this Resolution are true and correct; and be it further Resolved that the Governing Body hereby finds and declares that written notice of the date, hour, place, and subject of the meeting at which this Resolution was adopted was posted for the time required by law preceding this meeting and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter thereof were discussed, considered, and formally acted upon all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended, and the Act; and be it further Resolved that the officers of the Local Government, and each of them, shall be and each is expressly authorized, empowered, and directed from time -to -time to do and perform all acts and things and to execute, acknowledge, and deliver in the name and under the corporate seal and on behalf ofthe Local Government all certificates, instruments, and other papers, whether or not herein mentioned, as they may determine to be necessary or desirable in order to carry out the terms and provisions of this Resolution and ofthe Trust Agreement hereby authorized and approved, such determination to be conclusively evidenced by the performance of such acts and things and the execution of any such certificate, financing statement, instrument, urother paper; and be it further Resolved that this Resolution shall take effect and be in full force upon and after its passage. 4Aut orize '-Signature Date Au iz d Signature Date Mayor Mihir Pankaj Printed Name LA t�j Printed Name"Mo// ClTy � 717 17thStreet, Suite 185U- rvices@�exasdasa.com T(800)7U7-6Z Denve�Colorado 8UZO2 `�� www.1exasc|ess.cum F(8S5)848-991 / - ` � Form Version O3/2U25 ' - Page