Authorize for County Treasurer to have Wells Fargo Pledge Securities for Additional Collateral - Date correction on C...

Staff Report & Agenda Item Details

2025-1425 Authorize for County Treasurer to have Wells Fargo Pledge Securities for Additional Collateral - Date correction on Collateral Letter On a motion made by Commissioner Andrew Sommerman, and seconded by Commissioner Dr. Theresa Daniel, the following order was passed and adopted by the Commissioners Court of Dallas County, State of Texas: BRIEFING DATE: December 2, 2025 FUNDING SOURCE: n/a Be it resolved and ordered that the Dallas County Commissioners Court does hereby Authorize the corrected Collateral Letter from Wells Fargo to pledge a block of securities that are authorized under the Dallas County Investment Policy. The end result will be the same as using a Letter of Credit. Wells Fargo will pledge the additional authorized securities from December 1, 2025, through February 15, 2026. This was review and approved by the Financial Review Committee on Monday, November 10 ,2025. Done in open Court December 2, 2025 by the following vote: IN FAVOR: County Judge Clay Jenkins, Commissioner Dr. Theresa Daniel, and Commissioner Andrew Sommerman OPPOSED: Commissioner John Wiley Price ABSTAINED: