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Home My WebLink About2002 05 20 Regular M Resolution 2002-19 and Resolution 2002-20 Investment Accounts COMMISSION AGENDA ITEM M I CONSENT INFORMATIONAL PUBLIC HEARING REGULAR x ~ May 11, 7.007. , Meeting AlIthoriz::ttion ~ " .... REQUEST: The Finance Department is requesting the City Commission approve Resolution 2002-19 and 2002-20 establishing investment accounts with Morgan Stanley Dean Witter and Salomon Smith Barney, respectively and authorize the City Manager and/or the Finance Director to enact investment transactions on behalf of the City, PURPOSE: To approve Resolutions 2002-19 and 2002-20 establishing investment accounts with Morgan Stanley Dean Witter and Salomon Smith Barney, respectively and authorize the City Manager and/or the Finance Director to enact investment transactions on behalf of the City. CONSIDERATIONS: . Section XI of the City of Winter Springs Investment Policy entitled "Competitive Selection ofInvestment Instruments" requires that the City receive a minimum of three bids/offers on securities from Qualified Institutions and/or Primary Dealers prior to purchase. . It is necessary for the City to establish accounts with three Qualified Institutions and/or Primary Dealers in order to begin the investment process. . Three Primary Dealers have been selected from the list of Primary Dealers for the Federal Reserve Bank of New York as follows: Bane of America Securities LLC, Morgan Stanley Dean Witter, and Salomon Smith Barney Inc.. . While the Investment Policy and Internal Control Manual clearly establishes that the City Manager and/or his/her designee may select the organizations that the City will enact investment transactions with, the individual organizations themselves are requiring specific Commission direction as follows: . According to the representative at Banc of America Securities, the City has an account set up already at the request of a former financial advisor. The representative only needs Commission minutes that reflect the individuals that are authorized to enact investment transactions on behalf of the City. · Morgan Stanley Dean Witter require an account agreement and the passage of an enabling resolution (2002-19). . Sa10men Smith Barney Inc require an account agreement and the passage of a resolution (2002-20). RECOMMENDATION: To approve Resolutions 2002-19 and 2002-20 establishing investment accounts with Morgan Stanley Dean Witter and Salomon Smith Barney, respectively and authorize the City Manager and/or the Finance Director to enact investment transactions on behalf of the City. ATTACHMENTS: . Section XI of the City of Winter Springs Investment Policy . List of Primary Dealers - Federal Reserve Bank of New York . List of Qualified Institutions . Morgan Stanley Dean Witter account agreement . Resolution 2002-19 . Sa10men Smith Barney Inc account agreement . Resolution 2002-20 COMMISSION ACTION: 2) Capital of no less than $ 10,000,000; 3) registered as a dealer under the Securities Exchange Act of 1934; 4) member of the National Association of Dealers (NASD); 5) registered to sell securities in Florida; and 6) the finl1 and assigned broker have been engaged in the business of effecting transactions in U.S. government and agency obligations for at least five (5) consecutive years. 7) Public Depositories qualified by the Treasurer of the State of Florida, in accordance with Chapter 280, Florida Statutes. All brokers, dealers and other financial institutions deemed to be Qualified Institutions shall be provided with current copies of the City's Investment Policy. A current audited financial statement is required to be on file for each financial institution and broker/dealer with which the City transacts business. x. MATURITY AND LIQUIDITY REQUIREMENTS To the extent possible, an attempt will be made to match investment maturities with known cash needs and anticipated cash flow requirements. Investments of current operating funds shall have maturities of no longer than twenty-four (24) months. Investments of bond reserves, construction funds, and other non-operating funds ("core funds") shall have a term appropriate to the need for funds and in accordance with debt covenants, but in no event shall exceed five (5) years. XI, COMPETITIVE SELECTION OF INVESTMENT INSTRUMENTS After the Finance Director, management designee or the Investment Advisor has determined the approximate maturity date based on cash flow needs and m_arket conditions and has analyzed and selected one or more optimal types of investments, a minimum of three (3) Qualified Institutions and/or Primary Dealers must be contacted and asked to provide bids/offers on securities in questions. Bids will be held in confidence until the bid deemed to best meet the investment objectives is determined and selected. However, if obtaining bids/offers are not feasible and appropriate, securities may be purchased utilizing the comparison to current market price method on an exception basis. Acceptable current market price providers include, but are not limited to: A. Telerate Information System B. Bloomberg Information Systems C. Wall Street Journal or a comparable nationally recognized financial publication providing daily market pricing D. Daily market pricing provided by the City's custodian or their correspondent institutions The Finance Director or the Investment Advisor shall utilize the competitive bid process to select the securities to be purchased or sold. Selection by comparison to a current market price, as indicated above, shall only be utilized when, in judgment of the Finance Director or the Investment Advisor, competitive bidding would inhibit the selection process. City of Winter Springs Investment Policy Page 6 Federal Reserve Bank of New York - News and Events - Open Market Operations - Prima.. Page 1 of2 l~E ~S'l ~~~ ~~,~~/ + About the fed + BonkinD Information" + Co_lIlmu.nity Detef01l!!,ent + Economic Educotion + Economic Research & Data + financial Semres ...- -". + News & Evellts + Publicutions + Stoffstics . . Aprill, 2002 Primary Dealer List Below is a revised list of the primary dealers that report weekly to the Securities Reports Division of the Federal Reserve Bank of New York. The latest list reflects the following change(s): i . Effective March 30, 2002, Deutsche Banc Alex, Brown Inc. changed its name to Deutsche Bank : Securities Inc. . Effective March 31, 2002, Zions First National Bank has withdrawn its name from the list of primary dealers. ~~,;,[;;;k~[j'ii~j~,J:Eij;;:~.; . ",' 'l;~({':~' 'iJiht' "C'i,,:':'~"-~ ';"~~i:- [Cclreer O~rtUlJififi I, Effective April I, 2002, Fuji Securities Inc, changed its name to Mizuho Securities USA Inc, I Consumw Comp-Jolllfs I I d I S I ' Effective April I, 2002, BMO Nesbitt Burns Corp. has withdrawn its name from the list of primary Emu A ert emces dealers, lOrd.. PubJicotions I rsGVingsBolJd Calculot~ List of the Primary Government Securities Dealers Reporting to the Securities Reports Division of ~-, the Federal Reserve Bank of New York ~Ilew --l I Wireless ~~"S Onll I ABN AMRa Incorporated BNP Pari bas Securities Corp. I Banc of America Securities LLC Banc One Capital Markets, Inc. Barc1ays Capital Inc. Bear, Stearns & Co" Inc. CIBC World Markets Corp. Credit Suisse First Boston Corporation Daiwa Securities America Inc. Deutsche Bank Securities Inc, Dresdner Kleinwort Wasserstein Securities LLC. Goldman, Sachs & Co. Greenwich Capital Markets, Inc, HSBC Securities (USA) Inc. J. P. Morgan Securities, Inc. Lehman Brothers Inc. Merrill Lynch Government Securities Inc. Mizuho Securities USA Inc, Morgan Stanley & Co. Incorporated Nomura Securities International, Inc. Salomon Smith Barney Inc. UBS Warburg LLC, NOTE: This list has been compiled and made available for statistical purposes only and has no significance with respect to other relationships between dealers and the Federal Reserve Bank of New York, Qualification for the reporting list is based on the achievement and maintenance of the standards outlined in the Federal Reserve Bank of New York's memorandum of January 22. 1992 Securities Reports Division Federal Reserve Bank of New York April I, 2002 LaS! modified: 04/11/2002 15:46:46 33 Liberty Street New York, NY 10045 (212) 7206130 ACCESSIBILITY TERMS OF USE Florida Administrative Weekly Volume 28, Number 17, April 26, 2002 DEPOSIT ACCOUNTS. DEPOSITORIES WITHDRAWING FROM THE PROGRAM HAVE A STATED EFFECTIVE DATE OF WITHDRAWAL BESIDE THE NAMES AND SHALL NOT RECEIVE OR RETAIN PUBLIC DEPOSITS AFTER THE DATE LISTED. .................................................. ALABAMA BIRMINGHAM AMSOUTH BANK COMPASS BANK REGIONS BANK SOUTHTRUST BANK MONTGOMERY COLONIAL BANK WARRIOR THE BANK BRANCHES OF THIS QPD CONDUCT BUSINESS IN FLORIDA UNDER THE NAMES THE BANK AND EMERALD COAST BANK CALIFORNIA SAN FRANCISCO CITIBANK, F,S.B. FLORIDA ALACHUA FIRST NATIONAL BANK OF ALACHUA AP ALACHICOLA APALACmCOLASTATEBANK ARCADIA FIRST STATE BANK OF ARCADIA AVENTURA TURNBERRY BANK BARTOW CITRUS & CHEMICAL BANK COMMUNlTY NATIONAL BANK AT BARTOW BELLE GLADE BANK OF BELLE GLADE 1962 Section XII - Miscellaneous APR-26-2002 17:39 407 648 1323 BONIFAY BANK OF BONIFAY BRADENTON AMERICAN BANK COAST BANK OF FLORIDA FIRSTBRADENTONBANK FIRST NATIONAL BANK & TRUST FLAGSHIP NATIONAL BANK BRANDON PLATINUM BANK BROOKSVILLE HERNANDO COUNTY BANK CANTONMENT CITIZENS & PEOPLES BANK, N.A. CAPE CORAL RIVERSIDE BANK OF THE GULF COAST CARRABELLE GULF STATE COMMUNITY BANK CHIEFLAND DRUMMOND COMMUNITY BANK CLEWISTON FIRST BANK OF CLEWISTON FIRST FEDERAL SAVINGS BANK OF THE GLADES COOPER CITY FIRST WESTERN BANK CORAL GABLES BANKUNITED, F,S.B. GIBRALTAR BANK, F.S.B. METRO BANK OF DADE COUNTY CRA WFORDVILLE CITIZENS BANK OF W AKULLA WAKULLA BANK CRESTVIEW FfRST NA TlONAL BANK OF CRESTVIEW CRYSTAL RIVER CRYSTAL RIVER BANK 96% P.03 Florida Administrative Weekly Volume 28, Number 17, April 26,2002 DADE CITY FIRST NATIONAL BANK OF PASCO GRACEVILLE .BANK OF JACKSON COUNTY PEOPLES BANK OF GRACEVILLE DA VIE REGENT BANK GROVELAND PEOPLES STATE BANK OF GROVELAND DEBARY BRSTCO~TYBANK HAINES CITY FIRST NATIONAL BANK OF POLK COUNTY DESTIN DESTIN BANK lIALLANDALE DESJARDINS FEDERAL SAVINGS BANK DUNNELLON DlJNNELLON ST ATE BANK HOMESTEAD COMM'lJNITY BANK OF FLORIDA FIRST NATIONAL BANK OF SOUTH FLORIDA ENGLEWOOD ENGLEWOOD BANK PENINSULA BANK HOMOSASSA SPRINGS HOMOSASSA SPRINGS BANK FERNANDINA BEACH FIRST COAST COMMUNITY BANK FIRST NATIONAL BAAl]( OF NASSAU COUNTY IMMOKALEE FLORIDA COMMUNITY BANK FORT LAUDERDALE INDIANTOWN BANKA TLANTIC, F.S.B. FlRST BANK OF INDIAN TOWN EQUITABLE BANK GATEWAY AMERICAN BANK OF FLORIDA 05/15/2002 INVERNESS LANDMARK BANK, N.A. BANK OF INVERNESS FORT MYERS EDISON NA TIONAL BANK JACKSONVILLE FIRST ALLIANCE BANK FORT PIERCE HARBOR FEDERAL SAVINGS BANK RIVERSIDE NATIONAL BANK OF FLORIDA JACKSONVILLE BEACH OCEANSIDE BANK FORT WALTON BEACH BEACH COMMUNITY BANK FIRST CITY BANK OF FLORIDA FIRST NATIONAL BANK & TRUST KEY LARGO TIB BANK OF THE KEYS KEY WEST FIRST STATE BAi'lK OF THE FLORIDA KEYS FROSTPROOF CITIZENS BANK OF FROSTPROOF KISSIMMEE FIRST NATIONAL BANK OF OSCEOLA COUNTY GAINESVILLE MERCHANTS & SOUTHERN BANK MILLENNIUM BANK LADY LAKE CITIZENS FIRST BANK Section XII - Miscellaneous 1963 APR-26-2002 17:39 407 648 1323 96% P.04 Florida Administrative Weekly Volume 28, Number 17, April 26,2002 LAKE CITY CNB NATIONAL BANK COLUMBIA COUNTY BANK PEOPLES STATE BANK LAKELAND FLORIDAFIRST BANK LAKE MARY COMMUNITY NATIONAL BANK OF MID FLORIDA LAKE WALES AMERICAN BANK & TRUST OF POLK COUNTY LARGO Premier Community Bank of Florida LAUDERHILL UNION BANK OF FLORIDA LEESBURG FIRST FEDERAL SAVINGS BANK OF LAKE COUNTY LIVE OAK FIRST FEDERAL SAVINGS BANK OF FLORIDA LONGWOOD LIBERTY NATIONAL BANK MADISON MADISON COUNTY COMMUNITY BANK MALONE PCB, THE COMMUNITY BANK MARATHON MARINE BANK OF THE FLORIDA KEYS MAYO LAFAYETTE STATE BANK MIAMI BAC FLORIDA BANK CITY NATIONAL BANK OF FLORIDA COCONUT GROVE BANK COMMERCIAL BANK OF FLORIDA CONTINENTAL NATIONAL BANK OF MIAMI EAGLE NATIONAL BANK OF MIAMI EASTERN NATIONAL BANK ESPIRITO SANTO BANK 1964 Section xn - Miscellaneous APR-26-2002 17:39 407 648 1323 EXECUTIVE NATIONAL BANK GULF BANK HEMISPHERE NATIONAL BANK INTERAMERICAN BANK, F.S.B. LWERNATIONAL BANK OF MIAMI, N.A. MELLON UNITED NATIONAL BANK NORTHERN TRUST BANK OF FLORIDA, N.A. OCEAN BANK SOFISA BANK OF FLORIDA TOTALBANK TRANSATLANTIC BANK MILTON FIRST NATIONAL BANK OF FLORIDA MONTICELLO FARMERS & MERCHANTS BANK MOUNT DORA FIRST NATIONAL BANK OF MOUNT DORA FLORIDA CHOICE BANK NAPLES BANK OF NAPLES COMMUNITY BANK OF NAPLES, N.A. FIFTH THIRD BANK, FLORIDA FIRST NATIONAL BANK OF FLORIDA ORION BANK. NEW SMYRNA BEACH FRIENDS BANK NICEVILLE PEOPLES NATIONAL BANK NORTH LAUDERDALE "SECURlTY BANK, N.A. NORTH MIAMI ~SLAKNATIONALBANK NORTH PALM BEACH COMMUNITY SAYINGS, FA ENTERPRISE NATIONAL BANK OF PALM BEACH PALM BEACH NATIONAL BANK & TRUST COMPANY OAKLAND PARK AMERICAN NATIONAL BANK 96% P.05 V'tl '::'UI v 0&:. ...ll . ~ j ... ":t V, v...,u ..1.u6:.v Florida Administrative Weekly J. UUL"''''' j,' .I..i\iJo.J\'v............... "t!:J.... vv Volume 28, Number 17, April 26, 2002 OCALA FLORIDA CITIZENS BANK OKEECBOBEE BIG LAKE NATIONAL BANK ORANGE PARK FIRST NATIONAL BANK HERITAGE BANK OF NORTH FLORIDA ORLANDO CENTURY NATIONAL BANK CITRUS BANK SOUTHERN COMi'vfUNITY BANK UNITED HERITAGE BANK ORMOND BEACH COQUINA BANK OVIEDO CITIZENS BANK OF OVIEDO PABOKEE FIRST COMMUNITY BANK OF PALM BEACH COUNTY PALATKA FIRST FEDERAL BANK OF NORTH FLORIDA PUTNAM STATE BANK PALM BEACH BANKERS TRUST FLORIDA, NA PALM BEACH GARDENS ADMIRALTY BANK PALM COAST CYPRESS BANK PALM HARBOR PEOPLES BANK PANAMA CITY BAY BANK & TRUST COMPANY FIRST NATIONAL BANK NORTHWEST FLORIDA PEOPLES FIRST COMMUNITY BANK PEMBROKE PINES POINTE BANK APR-26-2002 17:39 407 648 1323 PENSACOLA BANK OF PENSACOLA BANK OF THE SOUTH PERRY CITIZENS BANK OF PERRY PORT RICHEY GULF STREAM COMMUNITY BANK PORT ST. LUCIE FIRST PEOPLES BANK QUINCY QUINCY STATE BANK ST. AUGUSTINE BANK OF ST. AUGUSTINE PROSPERITY BANK ST. CLOUD PUBLIC BANK ST. PETERSBURG FIRST COMMUNITY BANK OF AMERICA MERCANTILE BANK REPUBLIC BANK UNITED BANK & TRUST COMPANY SANTA ROSA BEACH FIRST AMERICAN BANK OF WALTON COUNTY SEBRING HEARTLAND NATIONAL BANK HIGHLANDS INDEPENDENT BANK SOUTH MIAMI FIRST NATIONAL BANK OF SOUTH MIAMI ST ARKE COMMUNITY STATE BANK OF STARKE STUART FIRST NATIONAL BANK & TRUST OF THE TREASURE COAST GULFSTREAM BUSINESS BANK Section XII - Miscellaneous 1965 96% P.06 Florida Administrative Weekly Volume 28, Number 17, April 26, 2002 T ALLAlIASSEE CAPITAL CITY BANK FIRST SOUTH BANK TALLAHASSEE STATE BANK LOUISIANA NEW ORLEANS WHITNEY NATIONAL BANK TAMPA FIRST CITRUS BANK FLORIDA BANK, N.A. SOUTHERN EXCHANGE BANK MASSACHUSETTS TRENTON TRI-COUNTY BANK BOSTON BOSTON BANK OF COMMERCE BRANCHES OF THIS QPD CONDUCT BUSINESS IN FLORIDA UNDER THE NAME PEOPLES BANK OF COMMERCE UMA TILLA UNITED SOUTHERN BANK MTNNESOTA VALPARAISO V ANGUARD BANK & TRUST COMPANY EDINA rNTER SAVINGS BANK, F.S.B. NEW YORK VERO BEACH INDIAN RIVER NATIONAL BANK NEW YORK CITY INTERVEST NATIONAL BANK WAUCBULA FIRST NATIONAL BANK OF W AUCHULA WAUCHULA STATE BANK NORTH CAROLINA WEST PALM BEACH FIDELITY FEDERAL BANK & TRUST GRAND BANK & TRUST OF FLORIDA CHARLOTTE BANK OF AMERICA, N.A. WACHOVIA BANK, N.A. .QH.lQ WEW ABITCBKA .WEWAHITCHKA STATE BANK CINCINNATI PROVIDENT BANK WILLISTON PERKINS STATE BANK TENNESSEE WINTER PARK BANKFIRST MEMPms UN10N PLANTERS BANK, NA ............................................................. ZEPHYRHILLS COMMUNITY NATIONAL BANK OF PASCO COUNTY THE FOLLOWING IS A LIST OF INSTITUTIONS THAT HAD A CHANGE SINCE THE LAST PUBLICA nON OF THIS REPORT. GEORGIA ...............................**....*............ ATLANTA SUNTRUST BANK DARlEN SOUTHEASTERN BANK BANK OF CENTRAL FLORIDA ORLANDO MERGED INTO FIRST NATIONAL BANK OF FLORIDA (NAPLES). 1966 Section XII - Miscellaneous APR-26-2002 17:39 407 648 1323 96% P.07 .~! _v_~y_ Florida Administrative Weekly Volume 28, Number 17, April 26, 2002 CITIZENS FEDERAL SAVINGS BANK OF PORT ST. JOE PORT ST. JOE MERGED INTO THE BANK (W ARRlOR, ALABAMA). FIRST NATIONAL BANK OF THE }c'LORIDA KEYS MARATHON CHANGED ITS NAME TO ORION BANK AND ITS HOME OFFICE LOCATION TO NAPLES. IT WILL NOW BE FOUND AS ORION BANK LISTED UNDER NAPLES IN FUTURE PUBLICATIONS. FIRST UNION NATIONAL BANK CHARLOTTE, NORTH CAROLINA AFTER W ACHOVIA BANK, N.A. WAS MERGED INTO FIRST UNION NATIONAL BANK.; FIRST UNION NATIONAL BANK CHANGED ITS NAME TO WACHOVIA BANK, N.A. FLORIDA BANK OF COMMERCE PALM HARBOR MERGED INTO SOUTHERN EXCHANGE BANK (TAMPA). GULF COAST NATIONAL BANK NAPLES MERGED INTO FIRST NATIONAL BANK OF THE FLORIDA KEYS (MARATHON). HUNTINGTON NATIONAL BANK COLUMBUS, OHIO SUNTRUST BANK (ATLANTA, GEORGIA) ACQUIRED THE FLORIDA OPERATIONS OF HUNTINGTON NATIONAL BANK. HUNTINGTON NATIONAL BANK IS NO LONGER A QUALIFIED PUBLIC DEPOSITORY. W ACHOVIA BANK, N.A. WINSTON-SALEM, NORTH CAROLINA MERGED INTO FIRST UNION NA TIONAL BANK (CHARLOTTE, NORTH CAROLINA). DCA Final Order No.: DCA02-0R-1 07 In re: A LAND DEVELOPMENT REGULATION ADOPTED BY ISLAMORADA VILLAGE OF ISLANDS, ORDINANCE NO. 02-16 FINAL ORDER The Department of Community Affairs (the "Department") hereby issues its Final Order, pursuant to ~~ 380.05(6) and (11), Fla. Stat., and ~ 380.0552(9), Fla. Stat. APR-26-2002 17:39 407 648 1323 (2001), approving n land development regulation adopted by a local government within the Florida Keys Area of Critical State Concern as set forth below. FINDINGS OF FACT 1. On March I, 2002, the Department received for review Islamorada, Village oflslands Ordinance No. 02-16 which was adopted by the Village Council on February 21, 2002 ("Ord. 02-16"). Ord. 02-16 adopts definitions applicable to the Village's Land Development Regulations. 2. Ord. 02-16 is consistent with the Village Comprehensive Plan. CONCLUSIONS OF LAW 3. The Department is required to approve or reject land development regulations that are enacted, amended or rescinded by any local government in the Florida Keys Area of Critical State Concern. ~~ 380.05(6) and (11), Fla. Stat., and ~ 380.0552(9), Fla. Stat. (2001). 4. Islamorada, Village of Islands is a local government within the Florida Keys Area of Critical State Concern. 9 380.0552, Fla. Stat. (2001), and Rule 28-29.002 (superseding Chapter 27F-8), Fla. Admin. Code. 5. "Land development regulations" include local zoning, subdivision, building and other regulations controlling the development ofland. ~ 380.031(8), Fla. Stat. (2001). The regulations adopted by Ord. 02- 1 6 are land development regulations. 6. . All land development regulations enacted, amended or rescinded within an area of critical state concern must be consistent with the Principles for Guiding Development (the "Principles") as set forth in ~ 380.0552(7), Fla. Stat. (200 I). The Principles are construed as a whole and no specific provision is construed or applied in isolation from the other provisions. 7. Ordinance 02-16 promotes and furthers the following Principles: (a) To strengthen local government capabilities for managing land use and development so that local government is able to achieve these objectives without the continuation of the area of critical state concern designation. 8. Ordinance 02-16 is not inconsistent with the remaining Principles. Ord. 02-16 is consistent with the Principles for Guiding Development as a whole. WHEREFORE, IT IS ORDERED that Ord. 02-16 is found to be consistent with the Principles for Guiding Development of the Florida Keys Area of Critical State Concern, and is hereby APPROVED. This Ordcr becomes effective 21 days after publication in the Florida Administrative Weekly unless a petition is filed as described below. Section X11 - Miscellaneous 1967 96% P.08 0'0/'0/0' .l'. "'''-.) U "tV" U"iO .1..)"'~ Florida AdministraJive Weekly J"Ul.JL.1v l'.11"1/~1'\""J.nL ~VV.. .__ Vulume 28, Number 17, April 26, 2002 DBE PARTICIPATION: TCRA solicits and encourages Disadvantaged Business Enterprise (DB E) participation. DBEs will be afforded full consideration of their rcsponscs and will not be subject to discrimination. FLORIDA HOUSING FINANCE CORPORA nON Request for Proposals 2002/02 Program Administrator/Master Servicer The Florida Housing Finance Corporation invites all qualified and interested parties wishing to provide services as Program Administrator/Master Servicer for the Single Family Mortgage Revenue Bond Program to submit proposals for consideration. Written, sealed proposals shall be accepted until 12:00 Noon (Eastern Time), May 31, 2002, to the attention of Robin Grantham, Senior Contracts Analyst, Florida Housing Finance Corporation, 227 North Bronough Street, Suite 5000, Tallahassee, Florida 32301-1329. For questions or additional information, please contact Robin Grantham, (850)488-4197 or robin.grantham@f1oridahousing.org. To obtain a copy of the Request for Proposals, which outlines selection criteria and offeror's responsibilities, please submit your request to the attention of Robin Grantham, or you can download the Request for Proposals from the Florida Housing Finance Corporation website at http://www.floridahousing.org/rfps.htmI. Any modifications that occur to the Request for Proposals will be posted at the website and may result in an extension of the deadline. PALM BEACH COUNTY WORKFORCE DEVELOPMENT BOARD REQUEST FOR PROPOSALS FOR CHILD CARE SERVICES The Palm Beach County Workforce Development Board, Inc. (WDB) is accepting proposals for the provision of childcare services for dependent children of program participants including infants, pre-schoolers, toddlers and school-age children. Services provided shall be in accordance with the Palm Beach County Health Department's licensing requirements and minimum standards for childcare programs conducted in Palm Beach County and with any other applicable federal, state, county or municipal law. The deadline for receipt of RFP responses is 5 :00 p.m.(Eastem Daylight Time) as determined by WDB, May 17, 2002 at WDB's administrative office, 2051 Martin Luther King, Jr., Blvd., Suite 302, Riviera Beach, FL 33404, ATTN: Kenneth E. Montgomery, President without exception. The RFP is available for pickup between the hours of8:00 a.m. and 5:00 p.m., April 18,2002 through May 17,2002 at the WDB administrative office address stated above for a non-refundable service charge of $20.00 per RFP application. APR-26-2002 17:39 407 648 1323 Make checks payable to the "Palm Beach County Workforce Development Board, Inc." The RFP is also available free of charge on WDB's website at www.pbcworks.com. WDB may change scheduled dates if it is to the advantage of WDB to do so. WDB will notify applicants of all RFP changes via posting on the WDB website, www.pbcworks.com. at the same location as the RFP. A bidder's conference to answer questions regarding the RFP will be held at WDB's administrative office on May 2, 2002, 2:00 p.m. and May 9, 2002, 9:00 a.m. The WDB complies with the provisions of the Americans With Disabilities Act. If you are a disabled person requiring any accommodations or assistance, please notify the WDB, KeJIDeth E. Montgomery at least 72 hours (3 days) in advance. WDB encourages women and minority businesses to submit proposals. WDB reserves the right to reject any or all proposals. Section XII Miscellaneous DEPARTMENT OF INSURANCE DEPARTMENT OF INSURANCE OFFICE OF THE TREASURER BUREAU OF COLLATERAL MANAGEMENT PUBLIC DEPOSITS SECTION ............................................................... FOR PUBLIC DEPOSITORS TO RECEIVE THE PROTECTION FROM LOSS PROVIDED IN CHAPTER 280, FLORIDA STATUTES, THEY SHALL COMPLY WITH THE FOLLOWING ON EACH PUBLIC DEPOSIT ACCOUNT IN . ADDITION TO ANY OTHER REQUIREMENTS SPECIFIED IN CHAPTER 280: (1) EXECUTE THE PUBLIC DEPOSIT IDENTIFICATION AND ACK.1\10WLEDGMENT FORM DI4-1295 WITH THE QUALIFIED PUBLIC DEPOSITORY (QPD), MArNTAIN IT AS A VALUABLE RECORD, AND CONFIRM THE ACCOUNT ANNUALLY; (2) EXECUTE A REPLACEMENT FORM Dl4-1295 WHEN THERE IS A MERGER, ACQUISITION, NAME CHANGE, OR OTHER EVENT wmCH CHANGES THE ACCOUNT NAME, ACCOUNT NUMBER, OR NAME OF THE QPD. THE FOLLOWING QPDS ARE AUTHORIZED TO HOLD PUBLIC DEPOSITS. THEY ARE LISTED UNDER THE STATE OF HOME OFFICE LOCATION. INSTITUTIONS MARKED WITH AN ASTERISK HAVE LIMITED THE AMOUNT OF PUBLIC DEPOSlTS TI-IEY WILL ADMINISTER AND ARE NOT ACCEPTING NEW PUBLIC Section XII - Miscellaneous 1961 96% P.02 0412li/02 17:25 "O~4U7 li4/l 1323 PUtlLl C .1'1 NA,N~t~~ . --'--. ..-- -.. -- .'-.- ". - igJUUl e. ~ Public Financial Management FInancial and Investment MvlsorB SuU& 720 201 South Orange Avenue O~ando,FL " 32801-3470 407 648-2208 407~ 1323 fax www.plm.com Fax To Lou, '';e. --::l=vc..V\J J 0 ul G:veAle:n~ Jay Glover Firm C\ ky O-t- ('AJe"",j\l-.C Sp I',.U> From David Miller Eric Lasso David Moore Rebecca Peterson Virginia Rutledge Dorrena Davis Client # Fax LJ07-"y/-L(/S~ Cjhfi~l Phone Date Pages IncludIng co\(er o Urgent o As Requested o For Review o Please Reply Message Q r D L~'~-\-- QS 0+ ~U,,+- k-f- ~iL ~N<:1vV LA. LA.. v~ 0- A/l 'c.~ ~ eJLe C/Vd .- 1 ~~. A-pVl'l ",""ovJ ~ G '200 L ( C (AV'../ h.J. ~ . v-e-. The inlonnalion contained in thIs facsimile message is privileged and confldenttal information, intended only lor the use of the Individual or entity n"amed above. If the reader of this message Is not the Intended recipient, you are hereby notified that any dissemlnatfon, dlstnbUllon or copy 01 tI1is communication Is strictly prohibited. If you have received thIs communication In error, please Immediately notify us by telephone. APR-26-2002 17:39 407 648 1323 %% P.01 MORGAN STANLEY DEAN WITTER OFFICE ACCOUNT NO. EA. For Municipalities, Non-Profits, and other Organizations & Institutions Type of Organization: / Municipality/Governmental Entity ~ Non-Profit Private Sector: Educational_ Religious_ Charitable/Foundation_ Labor Union/Credit Union/Cooperative_ Other: Account Agreement & Enabling Resolutions To Dean Witter Reynolds Inc.: The undersigned, C ~ 4- , c>:E.~ :~:i c. S-p-c ~ S (name of organization/institution, referred to as the "Client'), actiniby (> P\....., \ E'. ; A ,- ~ ;:. A -:J (name of individual), the Client's duly authorized l"" A ../ .., ,- (PresidentlChairnfan/Mayor. or other title. referred to as the "Officer'), pursuant to the followi~g duly certified resolutions, hereby authorizes you to open a Securities Account in the name of the Client. This authorization shall continue in effect until revoked by the Client by a written notice addressed to you and received at ;;;a.oo f:.. We......., S."5'arv:l .LWIorgan Stanley Dean Witter branch carrying the account). '--'.~ P~\CJ ~ '- Further, Client hereby certifies that the following is a full, true, and correct copy of Resolutions duly and regularly adopted by vote of the C c::>...........,....,-:. < c. .. __ (Board of Trustees, Council, or other supreme governing body, referred to as the "Board") of the Client, that such Resolutions have not been rescinded or modified and are in full force and effect, and Client further represents and warrants that,: (1) the Resolutions are in accord with and pursuant to Clie"nt's underlying charter and by-laws; (2) the Resolutions are in accord with all constitutional. statutory, and regulatory provisions pertaining to Client; (3) Client is empowered to take the actions called for by the Resolutions; (4) Client is duly organized and existing; and (5) the persons designated below as officers of Client have been duly installed and now hold the offices in Client set forth by their respective names and their true signatures. c \+7 ..~ '-'~~:"'.si (Client), by: Date: ,~. (Officer) Authorized Individuals: I further certify that the following officers and/or individuals have been duly authorized, individually, pursuant to Resolutions "second" and "third" on the reverse, to issue instructions concerning the Securities Account, and that the following are their true signatures: Print Name: Print Title: Signature: ht'"'lL ... ~<<- C. ~c-p'r"'\5C::O-\ h....:.:..-...=,."~. ~.....~ _?;~~ . ( ~~<5(--- (1..o~\~ ...J. fV"'C.I-<P~CL c:.-.'-.,,_ __~ _~M. ~ 7 '/' IN WITNESS WHEREOF, I have hereunto affixed my hand and the Seal of the Client, this day of .~_. (Secretary, or specify: Morgan Stanley Dean Witter is a service mnrk of Morgan Stanley Dean Witter & Co. VNR 7889 (12-92) REV. 10198 Services are offered through Dean Witter Reynolds Inc., member SIPC. Resolution 2002-19 FIRST: Resolved that the City of Winter Springs is authorized and empowered to open a Securities Account with Dean Witter Reynolds as described in the Morgan Stanley Dean Witter Client Agreement. SECOND: Resolved that the Securities Account shall be a Cash Account for the purpose of purchasing, selling (including short sales), transferring, exchanging, pledging, and generally dealing in any and all forms of securities and financial instruments as detailed in the City of Winter Springs Investment Policy. All orders and instructions, written or oral, relating to the Securities Account shall be given you by one of the individuals designated below under the heading "Authorized Individuals," and each of them individually is hereby authorized and directed to purchase and/or sell and/or deal in any and all securities and financial instruments for the City of Winter Springs, including the power to deliver, accept delivery of, pledge, endorse, and direct the transfer of record title of any assets beneficially owned by the City of Winter Springs, without obligation on your part to inquire into the reasons for said orders or instructions. THIRD: Resolved that you may deal with any of the Authorized Individuals as though you were dealing with the City of Winter Springs directly. FOURTH: Resolved that each of the Authorized Individuals is authorized and directed to execute and deliver to you on behalf of the City of Winter Springs any and all agreements, documents, contracts, and other writings that you may require. FIFTH: Resolved that the Secretary (or other duly designated officer) of the City of Winter Springs is hereby authorized, empowered and directed to certify, under the Seal of the City of Winter Springs, or otherwise to you: (a) a true copy of this Resolution; (b) specimen signatures of each and every individual empowered by this Resolution; (c) a certificate (which, if you require, shall be supported by an opinion ofthe general counsel of the City of Winter Springs, or other counsel satisfactory to you) that the City of Winter Springs is duly organized and existing, that its charter empowers to transact the business contemplated in this Resolution, and that no limitation has been imposed upon such powers by constitution, statute, regulations, charter, by-law, or otherwise. SIXTH: Resolved that you may rely upon any certification given in accordance with this Resolution as continuing fully effective unless and until you shall receive due written notice of an amendment, modification or rescission of such Resolution or certification. Further resolved that you shall not be liable for any action taken or not taken upon instruction of any Authorized individual prior to your actual receipt of written notice of the termination or impairment of such person's authority. The failure to supply any specimen signature shall not invalidate any transaction, which is in accordance with authority actually granted. SEVENTH: Resolved that in the event of any changes in the office or powers of persons hereby empowered, the Secretary (or other duly designated officer) shall certify such changes to you, in writing, which certification, when you receive it, shall terminate the powers of the persons previously authorized and empower the persons thereby substituted. This Resolution introduced and adopted by the City Commission at its Regular Meeting on May 13, 2002. City of Winter Springs Paul P. Partyka, Mayor City of Winter Springs, Florida Attest: Andrea Lorenzo-Luaces, City Clerk City of Winter Springs, Florida r-\ ...r:::> --. S..k..- '--7 Enabling Resolutions >- .;::::>.:;:> '"). - ''\ FIRST: Resolved that the Client is authorized and empowered to open a Securities Account with Dean Witter Reynolds Inc. ("youn) as described in the Morgan Stanley Dean Witter Client Agreement. SECOND: Resolved that the Securities Account shall be a Cash Account or a Margin Account for the purpose of purchasing, selling (including short sales), transferring, exchanging, pledging, and generally dealing in any and all forms of securities and financial instruments of every kind or nature whatsoever. All orders and instructions, written or oral, relating to the Securities Account shall be given you by one of the individuals designated below under the heading "Authorized Individuals,n and each of them individually is hereby authorized and directed to purchase and/or sell and/or deal in any and all securities and financial instruments for the Client, including the power to deliver, accept delivery of, pledge, endorse, and direct the transfer of record title of any assets beneficially owned by the Client, without obligation on your part to inquire into the reasons for said orders or instructions. THIRD: Resolved that you may deal with any of the Authorized Individuals as though you were dealing with the Client directly. FOURTH: Resolved that each of the Authorized Individuals is authorized and directed to execute and deliver to you on behalf of Client any and all agreements, documents, contracts, and other writings that you may require. FIFTH: Resolved that the Secretary (or other duly designated officer) of the Client is hereby authorized, empowered and directed to certify, under the Seal of the Client, or otherwise to you: (a) a true copy of these Resolutions; (b) specimen signatures of each and every individual empowered by these Resolutions; (c) a certificate (which, if you require, shall be supported by an opinion of the general counsel of the Client, or other counsel satisfactory to you) that the Client is duly organized and existing, that its charter empowers to transact the business contemplated in these Resolutions, and that no limitation has been imposed upon such powers by constitution, statute, regulations, charter, by-law, or otherwise. SIXTH: Resolved that you may rely upon any certification given in accordance with these Resolutions as continuing fully effective unless and until you shall receive due written notice of an amendment, modification or rescission of such Resolution or certification. Further resolved that you shall not be liable for any action taken or not taken upon instruction of any Authorized IndMdual prior to your actual receipt of written notice of the termination or impairment of such person's authority. The failure to supply any specimen signature shall not invalidate any transaction which is in accordance with authority actually granted. SEVENTH: Resolved that in the event of any change in the office or powers of persons hereby empowered, the Secretary (or other duly designated officer) shall certify such changes to you, in writing, which certification, when you receive it, shall temminate the powers of the persons previously authorized and empower the persons thereby substituted. l'IHY. C. ctl~c ,j. ..jbr'l'l :::>1'11 I r1 J:iHI"(I~c..1 11\.).0. t.J ,- .&.:... Account Application, Client Agreement and Substitute Form W-9 Request for Taxpayer Identification Number SALOMON SMITH l3ARNEY A. memberof CltlgroUP1" kcounr Number Br~nr.h Ar.r.llllnr Fr. Account Ownershl I Lislallaccount owners: Account Addreu: Street AddrllS$l Lire 1 I , __(p "::. Slreet Addrass I Line 2 Dal901 Birth of Accounl Owner named JflSt above City ~"......+c/'" Stare and ZIP Gode t=- \ r-, ... U.S. Permlnent AMident Allen: Counlry at cili2Bnship Is: (,'M A CIu.'(,'lling 3':)... ,=1l of I. o~.5 t'--JO Salomon Smith Barn omer 'Ie 5 Mother's Maiden Name is rSQulred to enioll onlins, ~rc>-J .___~ t-Jo Mullipls owner accounts: Please tell us If one or two signatures :Ire reQuired to Jutnorize checks. FMA C.nd How should the account owner's (primcry carrJmsmtJer's) Information appear? Home Phone Number S()rJ~1 !;p./'llritv Nllmhr.r tJrO How should the account co-oIl'ner;s informa!lon appear? Home Pnone Nurnbe! Vet, siun my FMA Care(s) up for the Travel & Rew2r program so I can begin earning points with my first eligible purchases. A $50 annual mam/J!Jf'Ship fee may. Iy. The fu rinS scnriccs ~re ?!so 'uble when }'OU (!Sea ytlUl FMA ;lCcounL Spalc mm )'Our Pinmci onsulrmt for more dcaiu. 1 Idle Cll.'Jn wi.1.l be JW1lpt d:UIy into your ihotcc ot; 0 Dividllnd 'lUtmenL Reinvest dividend~ inlO : 0 &Ink Deposir ProSJ'3Dl- FDIC-insured de)os(t'I in sdgi . slur~ wirhouc =aion fca. Spc:lk ro your I affi)~ted Citigroup banlc:s (NOt!:: not :v:Ul.1b:?<::e !or Fin:utci:u ConsW[3JlC co $l!lccr which dividend& co n:illYC$L , m~ ~crounts or busi~s 1CCOunts.) o Ta.~.&ee money nurka fund selection. f'-I....o o In.lured ~vin~ deposiu through the IDAfe:lture. ; 1111111 m~ I~III~IIIIIIIIII ~ ... J 0 26. I I Travel & Reward Adc.litiun.al FM^ Privileges o Dilea D<pOsit. 'our employer, pm<ion plm or Soci~1 Secwity CL~ rend j>>yments dir:ctly to your 1caJunt Cont-1cr the paytl' diccaly to enroll. FOR 3026 (1<.1(001) / Page 1 0/4 r1AY-02-2002 15: 50 99% P.02 nAY. 2.2002 3 : 3sPr1 ::'r'l1 I H !:JHkNI:.. Y I~U. t::I(\::) t-'..:J I-"""m~' Brand'! I Account IT Ie r Tnrufer money by phone bctW~n your FMA and banI.::. 3CCOunr. You nuT aJ.<o tr.tn${er to mother Salomon Smith B2rney sccount clue h~t been lin )'Our FMA ucoune [or sruement reponing purpose.<;. AtJac/1 a voided check 01 J iBl18r from your baflk com7rmlllg the JfXIJU umber. Iitle. JCCOlJnl type (che . or savings) Jnd the IwIk fOulino ntJfTlber (nor reQuired 100IfdIIsfers io SaIOlTlO/l Smith Barney JfXOLInrs). YOIJf bank accounl f71lJSt l/JVeths name 01 al/m tille. Speak /rJ your Financial Consvl1Mt ror /rust and eslJte ownorship requirements. Flnancldl Account Institution Number o } ,- E.n:1blish my aa:ount ;u an FMA PWS, I will benefit.Ftom: fee w3iV<!lS on up to 100 ATM withdt:lw:W per year with m)' PMA Grd, no monthly tte for down102ding dAta to Quicken or Microsoft Money. ;l. complimcnwy IRA linked to my SCl:Oum, :l.I1d premier satemem reponing. I SPt.#! with youT Finaflci4l Ccnrulrlmr fl. daailr on d4Ummt r~omng 4.no IRA rrrvim. Nt" I llV4.ilabk · Bwi,wr FJ.lA tluormts. 'NIUne Disclosure The i= of socuritia \lie held for you in street name rruy n:quese )'Out =, 1ddr<!S! and securities position. I This inform;uion will not be reb.oced jf )'OU check this box: 0 Ilhnk i~ued a:nifiatct of deposit purcb.ued throuGh ~omo/l Smith BUlley, the S~omon Smith BlItIIcy B:mlc Deposit Progom"" :!.lId the Salomon Smlth Barney u.~und DcpCKit Account IW'Cep fcsumc :1.1'0 IDsund by tho FDIC (.see discl06we documen19 for dCuils). All odlct UlVClo"CDCOr oz iDJ1lnUlCC products $old through Salomon Smith Barney rDG. . . '"are aO( inswcd by dlC PDIC; . I ~ not a deponr or other obligation of II depository institution nn.d an: DOt guatMtccd by =. depository inmtuliol\J i "1= subject to ~trncnt ri~1cs; including !he po$$tDIe log; ofms priDdpaJ amolJJlt in~Slec.. ,In comidcntion ofSwmon Smith B>rncy Inc. rSSB") ~ting an scx:ounr for me/w. r/we (1") olCknowledgc dur 1 h..~ read, undc.rmnd and ssrrc ro the recms of th.: srochcd Client ~t in ",ticas 1 wough 11. If this i1 ! mUltiple p.1Il}' account. llwc further 1clmowJcdge mar I1wt Jut'!: rod. undemand md 3gree 10 the rernu of the ! muhed Client Agttcmcnt conained in ICctions 12 thcou~ 14. If I !We rcquencd SaJomoo Smith Barncy Ivx.eis. I 1uYl: tt;d undermnd, and agr~ co che tcnm of die Salomon ,Smith Barn~ ~ Agreement. lfI have tcq=ed 2111 ot ~ 1Crvicc.i ttfc.retlced in rhc FMA seerions 1bovc, l ~rce co the tcrnu of me FMA ~ment due bu been provided 110 me %lid und.::m:wf that both an 1CCOUllt minimum 6Jancc ~nd UIJ'lual fee 2ppl}~ I 2uthorixc SSB co =blWi chtdci.ng prhilegcs, Online Scn~ces and the Auconuoc Pundr iTnn.trer $elVi<:e.1nd co luvc the FMA Card(s) krued 3$ instructed on chis Ao.:OWH ~pJiarion. and I 1ffirm th.tt l have the luthonl}' to open chis 1CCount. I ;uthoriu: SSB and !the FMA Grd Issua to have PMA UrdU) issued as inc!icucd. I undeuund rh.t chis acx:ounr is govancd by the FMA Agrcem:nt. the Oicnt Agreement, th.: Online Servi= '~=cnt, my agreement with the FMA Card imKr, the BWe DcJ'Onc Prognm DiWosUIe Documenr. the IDA DisclosUre DoCl.Illu:m, :wIlor other 19rc.cmcnt! l !:U)' 1u\'C !wIth SSE or OM providers of seM.c.cs rd1ted to W PMA a=m. I have rod all mO/iC documenn snd agec co their temU. ;If this ~UII1 is c:stablishc.d with Ponfo.1io Cre<lit1.i4t p.ri~, I further llcbowlGdgt thar I havr rad, undel$ll.od SlId ~te to the tenDV of the llm.cbed Client ~cnt contn.ined l.n scctiOD.l IS duoush 17 Uld Wt my/oUl ~ nuy be IollOc.d 10 )IOU or 10Med OUI t'O othen. Tax CertlllCllllon: Under penallleJ 01 per/ury I certily thai: 1.) the number I hue ~roYlded above is my correct Taxpayer Identification Number (or lam wailing lor 3 number to be i~ued to me). and 2.) I am not subject to backUp wllhholdlnD because: a.) 1 am oxempt Irom baclwp wllhholdlng, or b.) I "ave nol been noUlled by the Internal Revonue Service (IRS) Ihall am !;ublect to backup wllhholdlna as e result 01 a lallure to roport alf IntareS1 and dividend:, or e.) the IRS has notlllod me lhatl am no lonaer subject to baclrup whhholdlftG. 3.) lam a U.S. person;(includlng:l U.S. resldenlallen) Csrfi/lcallon Inltruc!lO"'; You must cron oUlltam (2) ebovll II you have been noUlled by Ihe IRS Ihal you are currently ~ub/ecllo backup wllhholdlng because you have railed 10 repot1 all Inleres1and divIdends on your 131 ralUrn. SaU.ml1fl Smith Bil""9Inr. rtlJmm ywr (Dnsnd tIl rlre "PPliCllbu provisUnu ofrbU AgrM1lrnt a. artll1r", opm IINl rruUnJ:t1itt your 1l<<01mL ~ ~ I soo.OII>/edgt thac llu.., ru-4iwd tht Oiau ~ 1./muJ/ Rarnw &rn"u Jon ".t ~,u,t J"'''r "'-----:-:A1l . N;tcctnent ""hid. cont1ins 11 p~.di'l'ute r01lUnr tIl..'1 p.wirioft .j tbu tWs-nor ow,. tMn rbt '--~ LUcormt ownn-s m~. VbitmiOD cblUe in ICcUoD 6. umjtetsrmu ~u/ r. tnHJid b4.dNp I6iJhI,oMi.g. If FMA Checking U TNJflUted, ~~[. ~ ;~_""~N___."_.C-__."'N.'____-"_._'.'~--"--oa;e--"'--T_....Z.... ~-.l '.' u.n Ily SlglLl[urc ,,~ &.- - . ~~, S/ ~ ~ PWA$C ngn IU YDfl I r nonna ~~_______._._...:_._.___.~__.___._____.____.'--.~_...__._...__."_" ,....___. pgn your cht!C1a. ~i~-n~:r~ ~ r-'~'''.'--~ ~~._--'-'----"-'-'-_.'_._._-~OJte'-'~:--'-~-~-'.-'i ~. I,,>, "."".'''0.-(:'.,' .JJ~.__.___.~..__._.__.__..._.__.._.__..J..___"..._...~ (If. ~__ _..._.,... ,.7 "iL:;;nl T 1.... ,::!.......;;... .} :jl.. ""+1 . f'~ 'f'.= ,.i !.!i f ~/,h;~ i~:.Q~II~lf:;f'~i:.:\.'N';: FOR 302e{1212OO1) I Pace 2 01 ~ ~\ Gi.'\i:ll~ ...t..f;:W.... _. ~~1'l:...:..... I-~G . J, OPTIONAL. Compl.19 9nly II you "Ish eSll1b/lth Mon'''!y or bI'N/IstfY mcmrlng "s fl$/St!. Complels /bIt fBCIIsR only If your bll/k tctounll/He ifrcluiu tsmeDtle who 11 RBI , CO.swner DI yrJUI Seleel your Telophof'le Authorfzatlon Code: (numbers only): Type or Awlunt 0 Chc:dcing o S:wings !'~ ~n[/lly. on ihe I iweeldyon 0 Man I day 01 eadI monlO (specI/y Ih& Iff rIIIougfl28!h) o Tue 0 Wad 0 Tllu 0 fri 100re . /.) ~ a S3Jomon Smith Bsrney Firunci21 Manascncnt Account, you nuy tt2cK )'Our =unr t= 2l1d scrivitywitb Quicla:nlll, QuidcBoola'*, or Microtoftlt Money $o&warc. Fees lIUy :lppl Please our Pinmc:w Consuli~nt for an lppJic:ation. r'lA'I-0.2-2002 15: 50 99% P.03 I'IHI. C.Cl::.Jc:.JL ..:>- ..:JII II ....1 1.It. 'II _I U,. ,,,-. CLIENT AGREEMENT In consideralion of your opening OI1e or more accounts lor me ('we', 'us' and 'our' are each subsUMed tor 'j", 'me' and 'my". respectively. In the casf of multiple actounl holders. corporations and olnsr enli/les). ~nd your aarelling 10 act l.S broker/dealer lor me (or lhe exlension of crodll and in the purd1a!e or sale 01 ~curilies. commodities. options and olher property. itls aoreed in respectlD any andallaccounls, whether upon margin orolMrwfse. which I now have or may al any future Ume have....ith SalomonSmllh earneylnc. or lis direct orindired subsidial'it'i and ~ff1llares or their successors or assigns (tlereiJl3fiBr referred to as 'you' or 'your or 'SS8-). lhat 1. Alllr:msadlons entered inlo under Ihls AgreM1t'f11 shalf be subject to ZIlY 2Ilpllcable cOnslilvtiOll. rules. regulations. customs and usages of !he exchange or rw',(6/ and its c1earln~house, if any. where such Ilt\I1saclions are exewlBd by ssa or ils agents and to. all applicable 12WS. rulesalld regulations 01 govemmenCllauthoritie and sell-rogul8l0/)' agencllIS. Suctl reference to tile 'consl!DJt;on. rules, r€ljulatlons. customs ~nd usages ollhe exctlanga' shall in no way be conslrued 10 cr~le a C3L'Se 01 action arising Irom any violation 01 such constitution. rules. regulatIons. customs and usages. "any prov1s/on Is enacted that would ~ inconsistent wi[/) any 01 the provisions o( this Agreemen~ the provision so 2Iledad shall be deM18d modlned or superseded by l11e enactmenl bul rtle remaining provisions ollhis Agreement shall remain in elIect. Excapt as herein providGd. no provision 01 this AQrllll/'ll8nt may ba W3lved. altered, modified or ilITlended unless Ihe same i$ in writing and signed by an autllorized official 01 SSB. 2. 1 agree WI all propertywhic~ I own or in ~hic~ IIr.IVC an ~ship interest, whelher.owned individually, joinUy or in /he name o( another person or enllry. whICh at any "me may be In your possession or cOMollor any puroose. includino salekooping, shall be sub/9CllO a continuing security inlelest, lien and righl 01 set-off for lhe discllarge and sartslaclion 01 any dBbls or oblill3tiOllS however arlslng that I may owe to sse al anytime znd tor any reason. sse may at its discretion hold such property unlil my dGbts or Obligations b SSB are fully sctislied or sse may apply such propetty and lhe procaeds 01 the Iiquidal10n 01 sud1 propertY toward the salisfaction 01 my dflllts snd obligations and I will remain liable to ssa for any c1a11clency. II' :. enlorcino your security intefesl, roo shall have I~e discretion to determine which DroPBl1Y is to besold and the order in whic/1 i[ Is 10 be said and shall havsalllhe righlsZlld remediesawilable to a secured party under (he New YOII( Uniform Commercial Cede. WI[hour your prior written consen~ I will not cause or allow any 01 ll1e collateral held in my account(sl. whelm now OWTled or hereattar 2CQulrad. 10 be or betOme sublec1l0 any liens. sacuriry inleresls. mortgages or encumbrances oleny naluTe olhor lhan your s:curity INBrllSL Wilhoullimitingths gMenlity o1theforCQOlng, I herebyaulhorlze sse to autormlically liquidate any money market rund shares or wIthdraw any savings depO$it ~lancas aVilila~le in .my aooJunt(s) Irom tim~ to Ume 10 caver any 01 my i~dabtedness or obllcatIons 10 SSB IncludlnO non-trade related debls. You 21e further l\Jtllorlzed to liquidate any other properly held In my accDun~s) to sallsfy any such indebtedness or obligations ~~r in your discr6l10n you consider il necessary for your protECfton. You are hereby authorized wilhoullurthar dlredion Irom me to aUIomalic!lIy deposll or"sweep' all tile free Cflldlt balances in my accounr 1~lo one or more FDIC insured depository InSlllutiOllS ('Program Baf\!cs') amli~le;j will1 you as more particularly se! lorth iJ\ !he disclosure doculI'ent whic/11 represanllhat I have read and by which I agroo 10 be bound. I unders!afld lhat you may amend Ih81isl 01 Program Banks and lh3t I may elimInale clfIy Prol/ram B2nk Irom Ihe list at any Ume.1t my frellcredit balances that ara swepl into the Program Banks reach Ins /TIaXlmum amount Chall have authorized you on my benalllo deposil or [/lat may be sa deposlted under ll1e 8ank Deposit PrOgram ('Proaram"). you are aulhor;29(j 10 !\veep ....ill1out lurJller direction Irom me. my excess eligible lree credll balances into ths 5B Money Fund portfolio ttlat I have chOSl!n. I ad<nowledge (i) t~at I am responsible to monitor the [!)lal amollll of dtpostts I have al each PrODram Bsnk in order to d6[6fTTliJ\e the extent of FerJaral De~it Insurance Corporalion insurance COV"Jage available to me. and (Ii) thar Salomon Smith earney is nol responsible lor any insured or uninsured portion of my dsposits st any 01 the Program Banks. I understand [hat I may instruct you not (0 sv.:eep the free credlr balances in anyoi my accounls inlo a Program Bank account but in~l62d to S\~ such fro(! asdi! balances into a IdX exempt I money market lund. II I so instruct you, you are aul/lorized, without further direction Irom me. to invest any eligible free credit balances In any 01 my accounts In the lax ewnpt money Ill2rket ,. fund you Imke aV2ilable and thaI I have chosen. I III have elected the Insured Deposit Accoont ('IDA') leature as my swaep. you are aulhorized . without further dlrsGIJon Irom me to invet elioible lroo credit boalances in my accounts in savings I deposits atthedeoosltory Institutions in Ihe order set 1011h on the list furnished to me Irom time to time. I undersund lhat you may alllefld lhe lis! 01 deoosltory Inslitulions and that I may eliminate aepository instiluliOl1s from rhe lisl al any time. If my funds irtmled through the IDA lealllfe reach the rmtimum amounl \tlat , have wtllorlzad you to so invest or IIleI may be so invested you are authorized 10 invest e~ess eli~lble free Credit bzlances in the rroney market fund I have cIlosen or yoo have chOSl!n pursuanl to my aulhori12tion. I have read the IDA Disclosure Documl'tlt and ~ree 10 b9 bound by its terms and r.ond!tlDns. "Prooerty' as ~d a~re In rhl.~ AorP.:;m.~nr ~h~1I inr.IIJ/ja. bur not be limited to. invo$tm9n{ prooertY. securities and commodjtiilS accounlS, securilies of all kinds. ~oney. ssvinlJSdeposils. , certificates 01 deposi~ bankllrs' JeCeptances, commerclzl oaper. OPtions. commodities. and conlr.lcls lor the iuturcdellve/)'of commodities or relating ro commodities or securiUes. and the , distributions, proceeds, products and accessions oj any of the above. All properly held In a FOR 3026 (12/2001) / Paoa 3 of 4 I I . f1AY -02- 2002 15 : 50 sacurities account shall be tre3led as a Ilnancial asset undar Article B 01 the New YOrk Uniform Commercial Code. 3. In case of lI1e sale of any socurlry. commodity, or orher property a[ my direclion lnd Ihe inalJ{lily of sse 10 delivef the sams tD Ihe purchaser by reason of my failure 10 supply ttlem [0 sse. I authori2e SSB to borrow any security. commOdi~J. or other properly necessary to make dallvCfY lI1ereol. and I hereby agree 10 be responsible for any loss which SS8 maysustain lhereby ana any premiums, inrerest or othor caslS which sse may be required 10 pay .:S a r~suli of such borrowinq, and lor any loss or cost whiCh SSB may sustain by fe2.Son of I,s Inability to borrow the security, commodity. or olher property sold. I ~graa !hat il I u~li2e your services to receivs or Issue funds by wire (wire transfors). I am responsible lor the issuanoo of accurzle ZIld complete inslrucllons in relation (0 saId wire [/ilnsters and I \lIill hold you harmle"..s from all liabilities if II~II 10 (ulflll this responslbilily. I furthBragree Ihatshould I Incur a loss in conneclionWilh a v.;ro transfer as a re:ult 01 neoll.Qenoe or other activities on your part. your lIabllfly will be IimiC8(j 10 lhe actual amounr 01 tile misdirected or misapplied funds 2nd no orher damages of any other nature including conse- quentill darnaDes will be recoverable. You may dlaroa my accounl(s) with such ususl and customary charges as you may determine lD cover your services and facilities. InclUding, but n0111mlred 10. cuslody. lransaclion and termination lees. II' addition. you may charge an InaClMly lee which once c/wged. shall be nonrefundable. I \~iir promptly pay sse any deficiency that mighl arise In my atrount(s). I understand and agree that a finance charge r112Y be r.harged on any dGbl[ balance in any c<s~ aooounll have with sse In accorda nce with the oorms described ifl the sse literature previously provided 10 me and any SUbsequent modinwlons thereto which will be provided to me. You may ITansfer excess funds between any of my aa:ounls nncluding commodity accounts) lor any reason not in confllCl with the Commodlry Excllange Ad or any other applicable law. II any transactions are elleded on an exc/lange in which a lorelgn currency is used. arry profit 0( lOSS as a resull of a f1uclu3lion in the excnanqe rale will be charged or credi!Dd 10 my account(s). 4. CommurticatlOl1S nl3y be sent 10 the mailing address on file with you. or at such other address as I may herea1ter give in wriling, and all communicarlons so senl whether by mail,leleqraoh. messsnger or otherwise. shall be deemed given to fll9 personally. wllsrhBr actually received or not. I acknowledge tlla lh6 rules 01 the Secur/flas and Exchange Commission require Ihal C<lITain convnunicalions be saN 10 me rlIlherlhafl an agentacting on mybehall.1 warranlthc1[ lheaddrf"..s currenlly on rlIe wirh you is an address where I personally racsive communications unless it is the address ola Qualified custOdian as defined ly the &lcuriries and Exdlange Commission. TransaClions entered into for my accounl(S) shzll bG confirmed in writing to me where re!/Uirod by applicable law or rogulal/on. In addition, SSB shall provide me wllh periodic sla18msnfS r~flecling activity In such acoounl(s). J aarse Ihat lri!nsactions renected on such confirmations and statements shall oe conclusivelY deemed 3CCUl2le as Slared unless I notlly SSB in writing wilhin 1hr~e (3) days and len (10) days 01 receip~ respecliYely.lI1at the In/ormation contained in such confirmation or siatomenr is inaccurate. Such notice must be san! by me /0 SS8 Oy tel€ljram or lener direcred 10 Ihe sllention of the eranch Office Mznager of the offj~ servicing the 3e<:llunl. failure to so noll1y SS6 shallllso preclude me from zssaning at ~ny later d.1le that such rransaction was unwlhorl2ed. I ~l1!horJza you at your discreClon 10 oblain repOl1s and 10 provida Inlormation to others concerning my credit standing and my business cooduct 'you may ask crlllll[ reporting agencies lor conSUrl'er reports oi mycredll his lory. Upon my rell\Jestyouwilllfl(orm me whetlloryou ~3\'e obralned anysuchconsumer reports and if you have, you will inlOfTll me 0: the name and address oi the consumer reponing aaency tliat lurnlshed lI1e reports to you. S. I hereby represent lIla! I am of the age 01 majorlry. Unless I advise you to the contrary. II' writino. and provide you with a leller 01 approV31 Irom my employet, where required, I reprcs&nf thaI I am not an employoo of any eX!:hange, or 01 any corporation 01 Whictl any ocllaI'Qa owns a majority oIlhe ",pltal S10cK or 01 a member 01 any e.xctlznoe. or 01 a member firm or member corporation registered on any exchange. or of any corporation. "rm or individual engaged in !he busins:ss of dealing, either as a biokef or 2S prlnclo!), in securi[ie.:;. bills 01 exchznge. a"ceptancas or olher forms o( comMercial paper. I further represent thz! no one eAcepl those signing this agreemt'f11 has an Inlete~ in my aCo:ounl. 1/ my accoun[ has been introduced to you and is C2lTied by }'Ou only as a clearing brokef.1 agree 1hz! you are not responsible lor rh8 conduct of the inlroducing broker and your only responsi- bilities 10 me rel<te to Ihe execulion, dearino ~nd bookke=ping cri trJOscctions in my accounts. 6. Arbllralion · Arblltalion is lInal and binding on U18 panles. . The parties are waiving their rlghllo seek remedies 111 coun. including the rIght 10 Jury Irlal. · Pre-ertlllrallon dl,covery Is generallv mOnlllmlled Ihan and dlflerenl from eourt proceedings. . The arbitrators' award Is not required 10 Include factual finding, or legal reasoning, and any party's rlghllo appeal or to seek mOdilinllon of rulings bV Ihe arbl\lalO~ I! !\rlclly IImllDd. · The panel 01 arb/!rato~wllllvpinllv Include 3 mlnarllyol arbltratol'3 who were or are afllllated with the securities Industry. I agree lhal all claim, or conlroversles. whelher such claims or controversies 99% P.04 r'lAY. 2. 2002 ::'['11 I H l::lHKI 'H:.f 3: 381-'r1 aroJ:e prIor. on orcubsequenl lothe date hereol. between me and SSB and/orany of Ill; pre~ent or lonner offIcers. diretlor!l. Of employees collternlng or ari~lng 'rom (i) sny accounl malnlained by me wilh SSBlndlvldually or lolnl'ywllh olllerl In any capacIty, (II) eny lnInncllon Involving SSB or any PnldeCeUOlllrms by merger, acqulBl1Ion or other bUBlnm comblnallon and me, whelher 01 not such Iransactlon oCC!Jrred In such accounl or 3ccoun~; Of (III) the conslrudlon. performanco or breach of thl~ Dr any olher agreement between us. any duty arlslno from Iho buslness-ol SSB or otherwise. shall be determIned byerbllrallon belore. and only before, any soll'regulatory organization or lltchange 01 which SSB Is; a member. I may elecl WI1ich of theso albitrallon lorums shall hear the maner by sendtng ;I registered lener or lalegram addro&l:sd 10 Salomon Smith Barney Inc. 41177 Watsr Slreet, Haw York. N. Y. 10005, Ann: Law Departmenl. II Ilall 10 man such eledlon belore the explr.Jllon 01 live (5) day; anar receipl of a wrlllan requesllrom SSB 10 make such 1l19ttlon, SSB shall have the rlghllo choose the forum, No pen;on shall bring 3 putallve or certllled clas:s action 10 arbllrallon, nor seek 10 anlotte any pre-dlspule IIrbllnlfion agreement agalns! any person who has Inltleted In court OJ putative clan action: or who is a member of a pulalfvB clan who has nol opled OUI llflhectan wIth respeclto anyClalrM encompa&sad bylhe pUla live dan action unUI: (I) the cla~ cer\iflcallon Is denied; (II) the cla1l is decertllled; or (III) the cunomer Is eXCluded from Ihe clan by the court. Such lorbaarance fa enforce an agreemenllo arbllrale shall not constitute a waiver of any rlRhls under Ihl; agreement ellcepllO the extenl st.lled herein. 7. The pro\tisioN 01 lIlls Agreement shall be conlinuous, sh.111 Cl.Ner indi~iduzJly and collec- lively all cltCOUnts whicl1l may open or reopen with ssa, and shall inure to the bMenl al SSB's Pl8Sllnt organi23tion. and anysucoossor orgznil:ltion or assigns; and shall be binding upon Illy heirs, exfCIJIOrs. zdminlstrarors, assigns or SlJOOlSSM in interest. Should any !em orpmvlslon 01 this Agreemenl be deemed or hold 10 be invalid or unenfOrCE<1ble,lhe remainIng ~ and provlslOflS shall COIltinue in fuJllorce snd effect. Excep[ for slatoJtes of IIrnlrarion applicable to clalll1S. this Agreement and aJllIlelelll'U herein shall be governed and conslTUBd in accordance wllh the laws of the SlzIe of N6w York without glvlnQ effed 10 principles or comlict of laws. The I. slalute ollimil3llons llPlllieableto any claim shall be Ihatwhlch would be applied by Ihe courts I. O/lhe state in wtllch I reside. 8. I undersland lhal you may in your sole dlscr~ion prohibit or r9S!riellrading oj securities or substilution of securtr1es in any oJ my aGCOul'ls. You nave the right to terminale any of my accounts Ondud)no INltiOle owner account>) 21 any time by nonca to me. The provfslons ollhis I agreement s/lall survive ltle lermin2110n or 2fr'j account 9. Your failure to insist at any Ume upon slrict eomplJan~ wilh any term 01 this Agreemen~ or any delay or failure on your paI1 to exelci!.e my pa.o:er or right giVQ1l to you in this Agreemenl, , or a continUed course of sucIl COndllcl on your part shall at no lime opgrate as a lv.Iiver of such I power or rigllL IlO( shall any single or partial exercIse preclude any orner rurtf1el e1ercise. NI rights and remwies given to you in ltljs AgrmBnI are cumulative 2Ild no! e.~clusjve of any Olhel I rigtlls or remadles which you olhetWlse have. 10. 1 undl?lSfand (/1atssa shall notllo liable 10rloss C2usW dlractly or indirectly by govemment restriction.~ rocchange or markel rulings, suspension 01 trading, war. ~trikes or other condilions, commonly known 2S 'acts of God,' beyond SSB's control. It. From nme 10 lime you may at your discretion. make loans 10 me lor a purpose olher Itlan purchasing, carrying ortr.ldlng In secunlies ("E)(prtIss Credit L?ans'). Express Credit Loanswlll be made in a nonsecurltles credil aCClJun[ ('Exp~ Credit Accounr), The minimum and maximum amount of any oarlicular loan maybe established byyou In your discretion ragardleS!: 01 the amount 01 col/aloral delivered to you al'ld you ffi3'1 change suer minimum and maximum amounts Irom dme III lime. I agree not to use !he pro~ of any Express Credit L02n to purchase, carry or trade In securities. I also agree not 10 use Exprass Credil Loan proceeds direclly or indlrocUy 10 repay other dellttha[ IlnClJr lor lI1e pur~ of purchasing, c~rylf\Q or trading in sectXltias. Addlllonal Term! for Mu/llple Party Atc[Junls Paragraph! 12 through 14 apply only 10 muUlple party accounls. 12. Illllis is a mulllple parry account in consIderation of yov Gnd your succe~.ors carrying a i mullipla pany aCCOUlllOl1 margin or otht'rwise forlhe undersigned, e2Ch of us aornss [0 be joinlly I . and severally liable for said acooun[ and to p~ on demand any debit b.1lanc& Of losses at any I Ume due in this aCCDuOt. Arrj 01 us has full poVlar and authorily to rnzks purc1lases and szlas. " including short sales, 10 wilhdraw man/os and securilies irorn, or to do anything olse with reterenceto our accounL eilher individually or in our joint names. and you and your successors f are authorized and direded 10 act upon instruclions rncelvsd from any 01 us and ro 2CCSpl payment and securities [rom any o( us lor the Cledit oi lhis ac.."'OunL NOlwithslanding rho abIlity , of eactl of us to control the accoul1llndlvldually. we understand and agree that you may, at your sole option, require IoI1itten instructIons signed by all JCCOllrl owr,er.: when payments or trans[grs are requested. Any and all notices, communications. or any derronds lor m2fQln s9011 10 any of us shall be binding upon al\, end may 00 g\v,)n by mail or oiller means of ClJmmunlcaNon. We hereby declare this account to be a joint Innancy \Vilh fights oi sU1\Ilvorshlp unless YillIflS/rucl you to eslablish another form 01 mu/liple ownership by executing a tenancy I hi common :lgreemenr. communitY ()(Oporty 3greemcn~ partnership aqr~menl or olher applicable agreemenl evidencing the dasirad form of ownership. FOR 3025 (121200111 Page 4 of 4 I MAY-02-2002 15:50 13. Each of us agrees to holt1 SSB harm'es-~ from 2nd indemnify SS6 2gainsi Jny losses. causes of action. darmges and expenses arising from or as lhe rasuU of SSB following [~e inslruclions 01 either or any of Ii!, SSB. in its sole discretion, rmy 21 sny time suspend all aclivity In the mullipleparty account pending iOSl(uctionslrom 2 court 01 competenllL\'lsdlelion or require 1M InS1rudions pertaIning 10 lhe mu/llpla party account or t~e property therein be in wriling sioned by both or all of us. SSB stulll be antllled 10 recover tram the account or frolP any 01 U~ prior to distribution of Itla funds or propeny marein such costs as it may incur. Including re2.~on2bla allorney's fee.!, 05 rhe re5ull of any dlspule between or among uS relating [0 or ariSing from the account 14. EaCll of uSGgroos that, in the event oithe death oi either or any of us.lhe survivor or survivors shall immediOlely give you writtan notice thereof, 2nd you may. beforn or aftar receivino sucIl notico. taka such actions. raquire such P2pers, Inheritance or CST3tS laX w.1ivers, re!;lln such portion of the account Gnd reslrid tr3nsadlons in the account as you rmy deofll2dviszble 10 proted you aqains[ arrj lax. liability. psnaJly or loss under any present or (u:ure 1a'.YS or other.vise, The ~te 01 either or any 01 us who Sh211 have died snail btJ liable and elic/1 survivor shallconUnue liable. jointly and w.erally,loyou for anynel debit balance or loss in szid account in any Wdy resulting from ll10 completion ot transac1lons inilia!ed prlono Ihe receipt ~ you of the wrllllln nOlice of lhe doath of Ihe decedllllt. or incurred in the liquidation of the accounl or lho adjustmenl of lIle Inlerasts of Ihe re511acllve parties, If Ihls account con12ins rights of survivorship, In the even I of tile deatn of eithCf or any of us, all <SSiJlS in Ihe account shall pass fo and be vestad in lhe survivor or survivors on Ihe same lenns and condilions as previously neld. \vilhou[ In a(lf manner relaa~Jno lho! decedent's BSlare Irom the liabilities provided for herein. The estate of lhe decedent(s) and the survivors nereby jo/nlly 2Ildseverallyagreo [0 fully indemnityandhold harmless sse Irom all liability for a~Ylaxes .....hich may be owed in connection thffewilh or any claims by tnlrd parties. Margin Agreement Paragraphs 15 through 17 applv only 10 Margin Accounts 15. You are hereby zull1orl29d. without notice [0 me. and will1ou[ regard 2S ta whotl1er or nO! j'OU have in your possassion or under your conlrolalthe time [hsreof olher propertY 01 the same kind and amount, to pledge. repledge. hypothecate or re~ypori1ecale my propsny or any part !hereof. , either ssoaralely or !age/her wiill other propel\Y of other clients. 01 rner for the amount due you from me or for a grearllf sum. 16. I corse to pay ON DEMAND any balance owIng wilh respect to any 01 my accoun!s./Iltiuding intllrasr and commissions and any costs of collection !including anorneys' fees, if Incurred by you). I underslMld thzl you may demand full payment of the bzlanca due in my account plus MY interes! charges accrued theraon, 2t your sole opllo." a! any Ii ma wllhoul ~use and WhB[/ter or nol such demand is made for your protection. I undersland that all loans made are nor ror any ~nc letm 0( duration but are due and payable a[ your discrelion upon a damand lar payment madt [0 me,l agree ltl~t all payments received tor my account(s) includll\Q inlere!;l. divit19nds, premiums, principal or other p~menls may be applloo by you to ~ny b3lances due in my aCClJunr(s).I( I rnainlain both a cast! and a m,roin account with you. ~u are aulhoril2d In your discretion to uti lire Ihe equity in either type of account in S2fis{a;lIon of any m~inlenanC8 margin rllQuiremenl wil'1oul 1M ccllJ3f tf2nstsrence 01 lunds or securities between suen :lccounls. WhCflevef you OOem II ne~S$3ry or appropriate lor your protllClIon. you are authorized, in your sole cfiscrelion,10 sail, assign, lransfar 2Ild deli\oet all or any pari oi my proDSnyw~ich may be in yoU( DOSSession or control in any manner you deem appropriate. m~~e any necessary purchases fO cover short sales ana/or any open commodity ClJntraCl positions and/or to cancel any oUlSlanding orders in order to close alA lI1e account. Wilhoulllmiting Ihe genoRliry of the foregoing, StIch sale, purcnase or cancallalion may be made, in your sole discretion. on file exchange or other market where suel1 busineS.! is then usually lransacled. ;:t oublic auction or at private sals wi(l\Out advertiSing Ihe same. All oi the abovp. may be done without dern.:nd ior margin or notiooof purchase, sale or cancallalion 10 me. No dam3f\d lor margin, or notice given to me of intenr fO ourcllase or sell properly or to cancel orders in my cc:ounl. shall impose on you any obligatIon to make such demand or provide such notice 10 me. Any such notice or demand is Iweby expreSSly W2IV1ld, aod no specific demand or nolice shall Invalidate this W2i\iQ(. Mar deduding 211 costs and experues 01 lhe purchase and/or &11~ and delivaries, including, but not limillld [0. commissions and transfer and stamp lax~S. you shall apply lhe msidue of 1l1s proceeds to Ihe paymenl 01 any and all of my liabilities 10 you. 2Ild I shall remain liable for any deficiency. Upon any sucn sale, you may purchase the .....hole or any pari thereof froo from any right of redarnprlon.ln the event oi my dealh or incompatency. rhe aulhority given bYlhis Paragraph snail continue eifeclive andsh<.1I be binding upon my personal representatives and heirs. 17. I will at all tima~ malnl4in such margin tor my accoum mainr;;lf19d by SSB, as sse may require from tlrne [0 lime, 2nd any debit balances arising In such account sl1311 be CIlaroed interest in acwrdance with lhe lerms describe(] in lhe sse IItllrature previOUSly provided ro me and any StlbsequGnl modifications Inerelo whicn will be provided fa m~. I am 2\.\oare t~tJ[ InlSre!t charges. il nol paid. will b~ added 10 tile dsbf[ balance in my ,ccounl lor [~e next inleJest parlod. I am aware and agroo (hat you may impose. lor my accounl(s). margin l'eQuiremenlS more stringent than thoso reQuired by lav: or euh2llce reoula/ions. Ilurtherunderstand and agree ltlat such margin requirements may be changed and modified by you irom tlma [0 nflle without prior nolice to me. I lurther ~artl91halanywaiver bYl'OlJ orfa:lure 10 promptly enlorr.s. as 10 my accoult orlhat 01 olhers. such maroin reouirements Sh211 nor in ~r.YV.r.ly rrevP.f1t Y'lll rrom subrequcnUy enforcing said margin raaulrements wiln regard tc myaccounL 99% P.05 Resolution 2002-20 Be it resolved that: Louise C. Frangoul, Finance Director and Ronald W. McLemore, City Manager are hereby authorized to sell, assign and endorse for transfer, certificates representing stocks, bonds, or other securities now registered or hereafter registered in the name of this municipality in accordance with the City of Winter Springs Investment Policy. I, Paul P. Partyka, Mayor of the City of Winter Springs, Florida hereby certify that the foregoing is a true copy of a resolution duly adopted by the City Commission of the City of Winter Springs, at a meeting duly held on the 13th of May, 2002 at which a quorum was present and voting and that the same has not been repeated or amended and remains in full force and effect and does not conflict with the Charter of the City of Winter Springs. City of Winter Springs PauIP.Partyka,Mayor City of Winter Springs, Florida Attest: Andrea Lorenzo-Luaces, City Clerk City of Winter Springs, Florida r'IAy'. 2 . 2002 3: 3'3pr'1 ~ - ~ - Sl'lI TH BARr~EY r~o . 870 P.b , ~ .::::1-=.:1..-..)......- Resolution Naming Authorized Officers (Association Dr other Non-corporats Organization) SALOMON SMITH BARNEY A member of cltlgroupj' I Please road carefully. sign and return to SalomDn Smith Barney Inc. New Accoun~ Department 3.93 West 34lh SiTeel ,New York. NY 10001 jA:counl'Umncr 6rn~Ch, I ~~unl ,J~r IR: ,Be it resolved that: 11. Name(s) aM i Tltle(sl 01 OHicer(s) is hereby authorized to sell, assign and endorse for transfer, certificates representing stocks, bonds, or other securities now registered or hereafter :registered in the name of this 2. Type of QI~anizatioo , 3. I Name aM Title oi O~lcer I , ~. 01 Name of Organization I (the "Organization") ~ereby certify that the foregoing is a true copy of a resolution duly adopted by the ~. Name 01 Governing . Body 01 the Organization I mf the Organization, at a meeting duly held on the day of at which a Quorum was present and voting and that the same has not been repealed or amended and remains in full force and effect and does not conflict 'I"Iith the Name of Document under I'/hIC~ Organization Is Operating of the Organization. THIS DOCUMENT MUST BE SIGNED IN THE PRESENCE OF A NOTARY PUBLIC DaLo (SEAL) (If no seal certify that Ihere is nD seal) SECRETARY'S (or other altes!lng oHlcla!'s) SIGNATURE MuSl be siuned bV ofllclal(s) other than the Inllivldual(s) designated in sedlon 1. I I Subscribed and Sworn to Before me this day of NOTARY PUBLIC (Affix Seal) 5'2.77 (4(2000) I CPI 52771 111111111111111111111111111111 . 5 2 7 7 " 15:50 99% P.06 r1AY-02-2002 ~ I! J Resolution 2002-19 FIRST: Resolved that the City of Winter Springs is authorized and empowered to open a Securities Account with Dean Witter Reynolds as described in the Morgan Stanley Dean Witter Client Agreement. SECOND: Resolved that the Securities Account shall be a Cash Account for the purpose of purchasing, selling (including short sales), transferring, exchanging, pledging, and generally dealing in any and all forms of securities and financial instruments as detailed in the City of Winter Springs Investment Policy. All orders and instructions, written or oral, relating to the Securities Account shall be given you by one of the individuals designated below under the heading "Authorized Individuals," and each of them individually is hereby authorized and directed to purchase and/or sell and/or deal in any and all securities and financial instruments for the City of Winter Springs, including the power to deliver, accept delivery of, pledge, endorse, and direct the transfer of record title of any assets beneficially owned by the City of Winter Springs, without obligation on your part to inquire into the reasons for said orders or instructions. THIRD: Resolved that you may deal with any ofthe Authorized Individuals as though you were dealing with the City of Winter Springs directly. FOURTH: Resolved that each of the Authorized Individuals is authorized and directed to execute and deliver to you on behalf of the City of Winter Springs any and all agreements, documents, contracts, and other writings that you may require. FIFTH: Resolved that the Secretary (or other duly designated officer) of the City of Winter Springs.is_hereby authorized, empowered and directed to certify, under the Seal of the City of Winter Springs, or otherwise to you: (a) a true copy of this Resolution; (b) specimen signatures of each and every individual empowered by this Resolution; (c) a certificate (which, if you require, shall be supported by an opinion of the general counsel of the City of Winter- Springs; or other counsel-satisfactory to you) that the' nm__ -... City of Winter Springs is duly organized and existing, that its charter empowers to transact the business contemplated in this Resolution, and that no limitation has been imposed upon such powers by constitution, statute, regulations, charter, by-law, or otherwise. SIXTH: Resolved that you may rely upon any certification given in accordance with this Resolution as continuing fully effective unless and until you shall receive due written notice of an amendment, modification or rescission of such Resolution or certification. Further resolved that you shall not be liable for any action taken or not taken upon instruction of any Authorized individual prior to your actual receipt of written notice of the termination or impairment of such person's authority. The failure to supply any specimen signature shall not invalidate any transaction, which is in accordance with authority actually granted. .) '"" SEVENTH: Resolved that in the event of any changes in the office or powers of persons hereby empowered, the Secretary (or other duly designated officer) shall certifY such changes to you, in writing, which certification, when you receive it, shall terminate the powers of the persons previously authorized and empower the persons thereby substituted. This Resolution introduced and adopted by the City Commission at its Regular Meeting on May tl}~002. PauIP.Partyka,Mayor City of Winter Springs, ,~ '. ;;" M01l.GAN STANLEY DEAN WITTER OFFICE ACCOUNT NO. FA For Municipalities, Non-Profits, and other Organizations & Institutions Type of Organization: Municipality/Governmental Entity_ Non-Profit Private Sector: Educational_ Religious_ CharitableJFoundation_ Labor Union/Credit Union/Cooperative_ Other: Account Agreement & Enabling Resolutions To Dean Witter Reynolds Inc.: The undersigned, C; 4- , c> ~~: ~ ~ St~:: ~ (name of organization/institution, referred to as the "Client"), actiniby P P\...J \ -;- ; A r-~, .::.. A:) (name of individual), the Client's duly authorized K A .../ -=- r (President/Chair anlMayor, or other title, referred to as the "otficer"), pursuant to the fo"owi~g duly certified resolutions, hereby authorizes you to open a Securities Account in the name of the Client. This authorization shall continue in effect until revoked by the Client by a written notice addressed to you and received at Dl-oo e:.. ~"'......, E......5\~ .tMv1organ Stanley Dean Witter branch carrying the account). .........~ p~ ~ ~ t= L.. Further, Client hereby certifies that the following is a full, true, and correct copy of Resolutions duly and regularly adopted by vote of the L ~.-.-.~', < < ;_~ (Board of Trustees, Council, or other supreme governing body, referred to as the "Board") of the Client, that such Resolutions have not been rescinded or modified and are in full force and effect, and Client further represents and warrants that; (1) the Resolutions are in accord with and pursuant to Client's underlying charter and by-laws; (2) the ResolutIons are in accord with all constitutional, statutory, and regulatory provisions pertaining to Client; (3) Client is empowered to take the actions called for by the Resolutions; (4 . t is duly organized and existing; and (5) the persons designated below as officers of Client have been uly ins lied no old th ffices in Client set forth by their respective names and their true signatures. (Officer) C. 14-( _I: '--'~~'f':"'J { (Client), by: Date: MAY 24 ,~002 Authorized Individuals: I further certify that the following officers andlor individuals have been duly authorized, individually, pursuant to Resolutions "second" and "third" on the reverse, to issue instructions concerning the Securities Account, and that the following are their true signatures: Print Name: Print Trtle: Signature: \.., t"""\. h <,<<- c.. ~r~r-.5O-\ ~:;~ _'<A o.-:~ ,,--<-~ _~'- c ~~O" (l...,ot"'C\\l'\ ...J. (V"" L#--.cv-c:...... c...~~---- _~M. ~ \ / .' IN WITNESS WHEREOF. I have hereunto affixed my hand and the Seal of the Client, this day of , wg-_. (Secretary, or specify: Morgan Stanley Dean Witter is a service mark of Morgan Stanley Dean Witter & Co. m ._ n, .__. ____ Services are offered through Dean Witter Reynolds Inc., member SIPC. Resolution 2002-20 Be it resolved that: Louise C. Frangoul, Finance Director and Ronald W. McLemore, City Manager are hereby authorized to sell, assign and endorse for transfer, certificates representing stocks, bonds, or other securities now registered or hereafter registered in the name of this municipality in accordance with the City of Winter Springs Investment Policy. I, Paul P. Partyka, Mayor of the City of Winter Springs, Florida hereby certify that the foregoing is a true copy of a resolution duly adopted by the City Commission of the City of Winter Springs, at" a meeting duly held on thWk}th of May, 2002 at which a quorum was present and voting and that the same has not been repeated or amended and remains in full force and effect and does not conflict with the Charter of the City of Winter Springs. ./""'6" Deborah L GlIJesple ~if* My Commission CC920606 ~..~ &pires March 21.20b4 \V~ ~~~ P.au~ P. PaIt'yka,.M~yor . .City,'of Wintet',Sp'nngs, FI rida ,I. 6.,01 A est: "