HomeMy WebLinkAbout2011-06-23 - Resolution No. 11-14
RESOLUTION NO. 11-14
' RESOLUTION OF THE BOARD OF DIRECTORS
OF YORBA LINDA WATER AUTHORIZING INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND
WHEREAS, Pursuant to Chapter 730 of the statutes of 1976 Section 16429.1 was
added to the California Government Code to create a Local Agency
Investment Fund in the State Treasury for the deposit of money of a local
agency for purposes of investment by the State Treasurer; and
WHEREAS, the Board of Directors does hereby find that the deposit and withdrawal of
money in the Local Agency Investment Fund in accordance with the
provisions of Section 16429.1 of the Government Code for the purpose of
investment as stated therein as in the best interests of the Yorba Linda
Water District.
NOW, THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby
authorize the deposit and withdrawal of Yorba Linda Water District monies in the Local
Agency Investment Fund in the State Treasury in accordance with the provisions of
Section 16429.1 of Government Code for the purpose of investment as stated therein,
and verification by the State Treasurer's Office of all banking information provided in
' that regard.
BE IT FURTHER RESOLVED, that the following Yorba Linda Water District officers or
their successors in office shall be authorized to order the deposit or withdrawal of
monies in the Local Agency Investment Fund:
Kenneth R. Vecchiarelli Stephen Parker Delia Lugo
(NAME) (NAME) (NAME)
General Manager Finance Director Senior Accountant
(TITLE) ( (TITLE)
(SIGNATURE) (S GNATURE) ' °(SIGNA RE y
PASSED AND ADOPTED this 23rd day of June 2011 by the following called vote:
AYES: Directors Beverage, Hawkins, Kiley and Lelton
NOES: None
ABSTAIN: None
' ABSENT: Director Collett
Resolution No. 11-14 Authorizing Investment of Monies in the Local Area Investment Fund 1
L
' Michael J. Beve ge, President
Yorba Linda ater District
ATTEST:
r.
i~
K neth R. Vecchiarelli, Secretary
orba Linda Water District
Reviewed as to form by General Counsel:
Arthur G. Kidman, Esq.
' Kidman, Behrens & Tague
1
Resolution No. 11-14 Authorizing Investment of Monies in the Local Area Investment Fund 2