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CITY OF WEST CHICAGO

                                  CITY COUNCIL
                       AGENDA ITEM SUMMARY
ITEM TITLE: Resolution No. 26-R-0059
                                            AGENDA ITEM NUMBER: _____7.E._______
A Resolution Authorizing Signers for City of West Chicago
Accounts Held with Illinois Funds.                       COMMITTEE AGENDA DATE: N/A
                                                 COUNCIL AGENDA DATE:  July 6, 2026


STAFF REVIEW: Tia Messino                               SIGNATURE__________________________


APPROVED BY CITY ADMINISTRATOR: Viviana Ramirez         SIGNATURE__________________________

ITEM SUMMARY:

Resolution No. 26-R-0059 authorizes designated City officials to serve as authorized signers for the
City's accounts held in the Illinois Funds Public Treasurers' Investment Pool.

This authorization is necessary to ensure continuity of financial operations due to recent staffing
changes and to update the City’s authorized signers with Illinois Funds.

This resolution will:
      Officially authorize Jacob Henderson, Interim Finance Director; Viviana Ramirez, City
       Administrator; and Tia Messino, Assistant City Administrator, as signers for City of West
      Chicago accounts held with Illinois Funds.
     Authorize the designated signers to execute signature cards, account records, forms,
        certifications, and other documents required by Illinois Funds for authorized City business.
     Update Illinois Funds’ records to reflect the City’s current authorized signers.
     Ensure continuity of financial administration and account access during the Finance Department
        transition.

ACTIONS PROPOSED:

Staff recommends adoption of Resolution No. 26-R-0059.


COMMITTEE RECOMMENDATION:

This item did not go to committee.

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CITY OF WEST CHICAGO

                      RESOLUTION 26-R-0059

A RESOLUTION AUTHORIZING SIGNERS FOR CITY OF WEST CHICAGO ACCOUNTS
                   HELD WITH ILLINOIS FUNDS

                       ADOPTED BY THE
                           CITY COUNCIL
                           OF THE
                       CITY OF WEST CHICAGO

                           JULY 6, 2026


 Published in pamphlet form by the authority of the City Council of the City of West Chicago,
                 DuPage County, Illinois, this 6th day of July 2026.

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RESOLUTION NO. 26-R-0059

A RESOLUTION AUTHORIZING SIGNERS FOR CITY OF WEST CHICAGO ACCOUNTS
                   HELD WITH ILLINOIS FUNDS

     WHEREAS, Sections 7 and 17 of the State Treasurer Act, 15 ILCS 505, (“Act”) allow
the Office of the Illinois State Treasurer (“Treasurer”) to establish and administer a Public
Treasurers’ Investment Pool called Illinois Funds (“Illinois Funds” or “IPTIP”) to supplement
and enhance the investment opportunities otherwise available to other custodians of public funds
for public agencies in this State;

    WHEREAS, in administering the Illinois Funds, the Act permits the Treasurer to receive
public funds paid into the Pool by any other custodian of such funds and to serve as the fiscal
agent of that custodian of public funds for the purpose of holding and investing those funds;

    WHEREAS, pursuant to the Act, and as set forth in 74 Ill. Admin. Code Part 740
(“Rules”), the Treasurer has established Illinois Funds, which provides units of State and local
government a convenient investment pool option that utilizes the Treasurer’s resources to safely
invest their funds while allowing participants to enjoy economies of scale;

    WHEREAS, as set forth in the Rules, Illinois Funds allows participants to safely invest
their monies, while providing a competitive rate of return and daily access to invested funds; and

    WHEREAS, the City of West Chicago is a public agency that is a custodian of public
funds, as defined in the Public Funds Investment Act, 30 ILCS 235, and 74 Ill. Admin. Code Part
740 (“Rules”), and has determined that it is in its best interests to invest public funds in the
Illinois Funds.

    NOW, THEREFORE, BE IT RESOLVED, by the City of West Chicago as follows:

      The City of West Chicago may enter into any agreements with the Treasurer, and take
any other necessary or advisable actions to enroll in and participate in the Illinois Funds.

BE IT FURTHER RESOLVED, as follows:

Section 1. The following City of West Chicago officer holding the title specified hereinbelow, or
their successor(s) in office, is hereby authorized to order the deposit and withdrawal of monies in
the Illinois Funds and may execute and deliver any and all documents necessary or advisable in
order to effectuate the purposes of this resolution and the transactions contemplated thereby:

       Jacob Henderson, Interim Finance Director; Viviana Ramirez, City Administrator; and
       Tia Messino, Assistant City Administrator.

Section 2. This resolution shall remain in full force and effect until rescinded by City of West
Chicago via resolution and a copy of the resolution rescinding this resolution is sent the
Treasurer.

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ADOPTED AND APPROVED this 6th day of July, 2026.


_______________________

Mayor Daniel Bovey


_______________________

Executive Office Manager Valeria Perez

AYES:____

NAYS:____

ABSTAIN:____

ABSENT:____