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EVERETT <br /> WASHINGTON <br /> RESOLUTION NO. 7646 <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 /> entity 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 /> entity 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 /> empowered 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 /> Iwo <br /> tz RESOLUTION Page 1 of 2 <br />