HomeMy WebLinkAbout2012-10-11 - Resolution No. 12-23 RESOLUTION NO, 12-23
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE YORBA LINDA WATER DISTRICT
AUTHORIZING INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND
AND RESCINDING RESOLUTION NO. 11 -14.
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; and
WHEREAS, the District's current investment policy approved December 2011
authorizes investments with the Local Agency Investment Fund .
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 :
Steven R. Conklin Stephen Parker Delia Luqo
(NAME) (NAME) (NAME)
Actinq Ge eral Manager Finance Manager Senior Accountant
I LE) (TITLE) TITLE)
(SIGNATURE) (SIGNATURE) 0N URE)
Resolution No. 12-23 Authorizing Investment of Monies in the Local Area Investment Fund
BE IT FURTHER RESOLVED, that Resolution No . 11 -14 is hereby rescinded effective
October 11 , 2012 .
PASSED AND ADOPTED this 11 th day of October 2012 by the following called vote:
AYES: Directors Beverage , Collett , Hawkins , Kiley , and Melton
NOES : None
ABSTAIN : None
ABSENT: None
_Phil Hawkins, President
Yorba Linda Water District
ATTEST:
Annie Alexander, Assistant Board 8ecretary
Yorba Linda Water District
Reviewed as to form by General Counsel :
Arthur G . Kidman , Esq .
Kidman Law, LLP
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Resolution No. 12-23 Authorizing Investment of Monies in the Local Area Investment Fund 2