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ilim <br />RESOLUTION NO. <br />li. <br />EVERETT <br />WASHINGTON <br />A RESOLUTION Authorizing Investment of City of Everett Authorizing Investment of City of Everett <br />Monies in the Local Government Investment Pool <br />WHEREAS, <br />1. Pursuant to Chapter 294, Laws of 1986, the Legislature created a trust fund to be known as the <br />public funds investment account (commonly referred to as the Local Government Investment <br />Pool (LGIP)) for the contribution and withdrawal of money by an authorized governmental <br />e ntity for purposes of investment by the Office of the State Treasurer; and <br />2. From time to time it may be advantageous to the authorized governmental entity, the City of <br />Everett, the "governmental entity", to contribute funds available for investment in the LGIP; and <br />3. The investment strategy for the LGIP is set forth in its policies and procedures; and <br />4. Any contributions or withdrawals to or from the LGIP made on behalf of the governmental <br />e ntity shall be first duly authorized by the City of Everett, the "governing body" or any designee <br />of the governing body pursuant to this resolution, or a subsequent resolution; and <br />5. The governmental entity will cause to be filed a certified copy of said resolution with the Office <br />of the State Treasurer; and <br />6. The governing body and any designee appointed by the governing body with authority to <br />contribute or withdraw funds of the governmental entity has received and read a copy of the <br />prospectus and understands the risks and limitations of investing in the LGIP; and <br />7. The governing body attests by the signature of its members that it is duly authorized and <br />e mpowered to enter into this agreement, to direct the contribution or withdrawal of <br />governmental entity monies, and to delegate certain authority to make adjustments to the <br />incorporated transactional forms, to the individuals designated herein. <br />NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CICTY OF EVERETT AS FOLLOWS: <br />1. That the governing body does hereby authorize the contribution and withdrawal of <br />governmental entity monies in the LGIP in the manner prescribed by law, rule, and prospectus. <br />RESOLUTION Page 1 of 2 <br />