RES 26-012RESOLUTION NO. 26-012
A RESOLUTION authorizing investment of City of
Camas 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 authorize the City of Camas 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
City of Camas shall be first duly authorized by the Council of the City of Camas or any designee of
the City of Camas pursuant to this Resolution, or a subsequent Resolution; and
WHEREAS the City of Camas will cause to be filed a certified copy of said Resolution with
the Office of the State Treasurer; and
WHEREAS the City of Camas and any designee appointed by the Camas City Council with
authority to contribute or withdraw funds of the City of Camas has received and read a copy of the
prospectus and understands the risks and limitations of investing in the LGIP; and
WHEREAS, the City of Camas attests by the signature of its members that it is duly authorized
and empowered to enter into this agreement, 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 BY THE COUNCIL OF THE CITY OF CAMAS
Resolution No: 26-012
AS FOLLOWS:
Section I
The City of Camas does hereby authorize the contribution and withdrawal of governmental
entity monies in the LGIP in the manner prescribed by law, rule, and prospectus.
Section II
The City of Camas approves the Local Government Investment Pool Transaction
Authorization Form (Fonn) as completed by Finance Director and incorporates said form into this
Resolution by reference and does hereby attest to its accuracy.
Section III
The City of Camas designates the appointed City Finance Director, or any Interim Finance
Director thereto, 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 City of Camas.
Section IV
The City Council fmther resolves that the delegation ends upon the written notice, by any
method set forth in the prospectus, of the City of Camas that the authorized individual has been
terminated or 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.
Section V
Be it further resolved that the Form as incorporated into this Resolution or hereafter amended
by delegated authority, or any other docmnentation 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
Resolution No: 26-012
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
Section VI
Be it further resolved that the governing body acknowledges that it has received, read, and
understood 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.
ADOPTED by the Council at a regular meeting this 201h day of July, 2026.
AP~
City Attorney
SIGNED: at!. G~
ayor
ATTEST: Q_~
Clerk