CCR2009083-WISC-PMA
COMMON COUNCIL - CITY OF MUSKEGO
RESOLUTION #083-2009
A RESOLUTION AUTHORIZING ENTRY INTO AN INTERGOVERNMENTAL
COOPERATION AGREEMENT RELATING TO THE
“WISCONSIN INVESTMENT SERIES COOPERATIVE”
AND AUTHORIZING PARTICIPATION IN THE INVESTMENT PROGRAMS OF THE FUND
WHEREAS, Wisconsin school districts, technical college districts, cities, villages, counties and
towns may invest their monies as authorized by Wisconsin Statutes, Section 66.0603 (1m); and
WHEREAS, Wisconsin Statutes, Section 66.0301 (the “Intergovernmental Cooperation Act”)
provides, among other things, that municipalities may contract with other municipalities for the joint
exercise of any power or duty required or authorized by law, including investment of their monies; and
WHEREAS, the Wisconsin Investment Series Cooperative (formerly known as the Wisconsin
School District Liquid Asset Fund) (the “Fund”) was formed as of June 23, 1988 pursuant to the
Intergovernmental Cooperation Act by the adoption of an Intergovernmental Cooperation Agreement
relating to the Wisconsin School District Liquid Asset Fund by Oregon School District and Sheboygan
Area School District, as the initial participants of the Fund, which Agreement was amended as of July 15,
1994 and July 12, 2002 (the “Intergovernmental Cooperation Agreement’); and
WHEREAS, the Fund is governed by the Wisconsin Investment Series Cooperative Commission
(the “Commission”) in accordance with the terms of the Intergovernmental Cooperation Agreement; and
WHEREAS, the Intergovernmental Cooperation Agreement has been presented to the Common
Council of the City of Muskego (the “Governing Body”); and
WHEREAS, the Intergovernmental Cooperation Agreement authorizes municipalities to adopt
and enter into the Intergovernmental Cooperation Agreement and become participants of the Fund; and
WHEREAS, this Governing Body deems it to be advisable for the City of Muskego (the
“Municipality”) to adopt and enter into the Intergovernmental Cooperation Agreement and become a
participant of the Fund for the purpose of exercising jointly with other municipalities the power to invest
their monies, so as to enhance the investment earnings accruing to each; and
WHEREAS, this Governing Body deems it to be advisable for this Municipality to make use from
time to time, in the discretion of the officials of the Municipality identified in Section 2 of this Resolution, of
the Fixed Rate Investment Program available to participants of the Fund; and
WHEREAS, this Governing Body deems it advisable for this Municipality to make use of, from
time to time, the services provided by PMA Financial Network, Inc., PMA Securities, Inc., U. S. Bank
National Association, and/or their affiliates and successors, in connection with the Municipality’s utilization
of the Fund.
NOW, THEREFORE, BE IT RESOLVED AS FOLLOWS:
Section 1. This Municipality shall join with other Wisconsin municipalities in accordance with the
Intergovernmental Cooperation Act by becoming a participant of the Fund and adopting and entering into
the Intergovernmental Cooperation Agreement. A copy of the Intergovernmental Cooperation Agreement
shall be filed in the minutes of the meeting at which this Resolution was adopted. The Mayor and the
Clerk are authorized to take such actions and execute any and all such documents as they may deem
necessary and appropriate to effectuate the entry of this Municipality into the Intergovernmental
Cooperation Agreement and to utilize Fund programs through PMA Financial Network, Inc., PMA
Securities, Inc. U. S. Bank National Association, and/or their affiliates and successors.
Section 2. This Municipality is authorized to invest its available monies from time to time and to
withdraw such monies from time to time in accordance with the provisions of the Intergovernmental
Cooperation Agreement, including investment in the fixed-income program of the Fund through the
intermediaries PMA Financial Network, Inc. and PMA Securities, Inc. The following officers and officials
of this Municipality and their respective successors in office each are designated as "Authorized Officials"
with full power and authority to effectuate the investment and withdrawal of monies of this Municipality
from time to time in accordance with the Intergovernmental Cooperation Agreement and pursuant to the
Fixed Rate Investment Program available to participants of the Fund:
Name: John R. Johnson Position: Mayor Signature:__________________________________
Name: Janice Moyer Position: Clerk-Treasurer Signature:__________________________________
The Clerk shall advise the Commission of any changes in Authorized Officials in accordance with
procedures established by the Commission.
Section 3. Members of this Governing Body and officials of this Municipality are authorized to
serve as Commissioners of the Commission from time to time if selected as such pursuant to the
provisions of the Intergovernmental Cooperation Agreement.
Section 4. This Municipality may open depository accounts, enter into wire transfer agreements,
safekeeping agreements, and lockbox agreements, or other applicable or related documents with U. S.
Bank National Association, and any other institutions participating in the Fund programs or programs of
PMA Financial Network, Inc. and PMA Securities, Inc., pursuant to Wisconsin Statutes, Section 34.05,
Wisconsin Statutes, Section 120.12(7) (if applicable) and, when directed by one of the Authorized
Officials, Wisconsin Statutes, Section 66.0603. PMA Financial Network, Inc. and/or PMA Securities, Inc.
are authorized to act on behalf of this Municipality as its agent with respect to such accounts and
agreements.
Section 5. Credit unions, banks, savings banks, trust companies and savings and loan
associations authorized to transact business in the State of Wisconsin which qualify as depositories under
Wisconsin law and are included on a list approved and maintained for such purpose by the Administrator
of the Fund are designated as depositories of this Municipality pursuant to Wisconsin Statutes, Section
120.12(7) (if applicable) and Wisconsin Statutes, Section 34.05. Monies of this Municipality may be
deposited in such depositories, from time to time in the discretion of the Authorized Officials, pursuant to
the Fixed Rate Investment Program available to participants of the Fund through the intermediary PMA
Financial Network, Inc.
It is hereby certified that the City of Muskego duly adopted the Model Resolution at a duly convened
meeting of the Governing Body of the Municipality held on the __26th day of ___May___, 2009, and that
such Resolution is in full force and effect on this date, and that such Resolution has not been modified,
amended, or rescinded since its adoption.
__________________________________________________________________
Signature of Clerk (Secretary) Date