Resolution No. 817-23 Florida Safe Investment Pool

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WHEREAS, the Participant finds that the creation of an intergovernmental investment pool pursuant to the Indenture of Trust serves a goveinmental purpose for the Participant and would therefore be in the best interests of the Participant, its officials, officers, and citizens in that such a program would offer diversified and professionally managed portfolios to meet investment needs, would result in economies of scale that would create greater purchasing powers, and would thereby lower the costs traditionally associated with the investment of the assets of the Participant; and WHEREAS, as the governing body of the Participant desires to participate in the Trust formed in accordance with the aforesaid statutes, and to purchase shares therein as provided in the Indenture of Trust, in order to pool its surplus funds with other Local Government Entities, and to otherwise participate in programs of the Tmst it has passed, in accordance with applicable law the following ordinance/resolution; By executing this Instmment, the undersigned represents and warrants the following: . The Undersigned, who is the government official empowered to invest funds of the Participant, and each and every successor in such function, is hereby authorized and directed to execute on behalf of the Participant the Indenture of Trust and any other documents necessary to establish an account with the Tmst. The Representative is hereby designated the "Treasurer" as that term is defined in the Indenture of Trust and is therefore authorized to invest surplus public funds from the Participant's treasury by purchasing shares of the Trust with such available funds, and is authorized to redeem, from time to time, part or all of such shares as funds are needed for other purposes, subject to the tenns and restrictions of the Indenture of Trust. . That the Undersigned has reviewed Article VIII, Section 2, of the Florida Constitution, Sections 166.021, 125.01, 218.415, and 163.01 of the Florida Statutes, and the merits ofmvesting in the Trust, including the Trust's liquidity, risk diversification, flexibility, convenience, and cost compared to the alternative direct purchase of comparable investments. . That the Undersigned finds that it is in the best interest of the Participant, its officials, officers, and citizens, to join with other Local Government Entities in the Trust for the purpose of pooling suiplus public funds because the Trust offers diversified and professionally managed portfolios to meet investment needs, and the pooling of such surplus public funds results in economies of scale that will create greater purchasing powers and will thereby lower the cost traditionally associated with the investment of assets of the Participant. . The Undersigned hereby expressly has the authority to participate in the Tmst as a member and to become a party to the Indenture of Trust, which is adopted by reference with the same effect as if it had been set out verbatim herein. . The Undersigned is hereby expressly authorized to purchase shares of beneficial interest in the Trust from time to time with available funds, and to redeem some or all of its shares of beneficial interest from time to time as funds are needed for other purposes, subject to the terms and restrictions of the Indenture of Trust. . The Trustees of the Tmst are designated as having official custody of the Participant's funds which are invested by the purchase of shares of beneficial interest in the Trust. . That the Undersigned or those acting on behalf of the Treasurer shall make use of, from time to time, Fixed Income Investments through a program ofFL SAFE but not a purchase of shares or an investment in FL SAFE, and which are legal under Florida investment statutes and that which are also permitted by this Local Government Entity's investment policy; . That monies of this Local Government Entity may be invested at the discretion of the Treasurer or those acting on behalf of the Treasurer in the Trust's Fixed Income Investment Program through the intermediaries PMA Securities, LLC and PMA Financial Network, LLC and/or their successors, and held in safekeeping or custody in a financial institution acceptable to PMA and this Local Government Entity; Page 434 of 483