HomeMy WebLinkAbout2013-06 Investment,Placer Cty Pool ■
Resolution No. 2013 - 06 F;Ir
AUTHORIZING INVESTMENT IN THE
PLACER COUNTY TREASURER'S INVESTMENT POOL
WHEREAS, the Board of Directors of the Truckee Donner Public Utility District updated its
investment policy in resolution #2006-33 on December 20, 2006 to ensure the District's compliance
with Government Code Sections 53600 through 53609;
WHEREAS, the District is eligible to invest in the Placer County Treasurer's Investment Pool;
WHEREAS, the investment yield of the Placer County Treasurer's Investment Pool has been
higher than the yield of the District's current liquid investments;
WHEREAS, investments in Placer County Treasurer's Investment Pool would be in compliance
with Government Code Sections 53600 through 53609 and the District's investment policy; and
WHEREAS, the Treasurer shall continue to report investment balances and yield to the Board on a
quarterly basis.
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby authorize the
investment in the Placer County Treasurer's Investment Pool; and
BE IT FURTHER RESOLVED, that the Board of Directors does hereby authorize the deposit and
withdraw of monies of the Truckee Donner Public Utility District into the Placer County Treasurer's
Investment Pool for the purpose of investment in accordance with the Truckee Donner Public
Utility District's investment policies and procedures, as well as applicable state statutes.
PASSED AND ADOPTED by the Board of Directors of the Truckee Donner Public Utility District in
a meeting duly called and held within said District on the 1st day of May, 2013 by the following roll
call vote:
AYES: Directors Bender, Ellis, Hemig and Laliotis
ABSTAIN: None
NOES: None
ABSENT: Director Aguera
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
By
Jeff Bender, President
ATTEST:
Michael D. Holley, Clerk of the Board