HomeMy WebLinkAboutRES 2004-40 - Board TRUCKEE DONNER
PUblic Utility District
Resolution No. 2004 - 40
AUTHORIZING INVESTMENT OF RESERVE FUND MONIES IN THE
LOCAL AGENCY INVESTMENT FUND FOR THE TRUCKEE DONNER
PUBLIC UTILITY DISTRICT COMMUNITY FACILITIES DISTRICT
NO. 04-1 (GRAY'S CROSSING)
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
Truckee Donner Public Utility District Community Facilities District No. 04-1 (Gray's Crossing).
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby authorize the Trustee,
currently Carl Becker of the Bank of New York Western Trust, of the Truckee Donner Public Utility
District Communities Facility District No. #04-1 (Gray's Crossing) to invest Reserve Fund monies in the
Local Agency Investment Fund in the State Treasury in accordance with the provisions of Section
16429.1 of the 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 Board of Directors authorizes the District Treasurer to execute
the Application to Deposit Trustee Bond Proceeds with the Local Agency Investment Fund naming the
trustee of the Truckee Donner Public Utility District Community Facilities District No. 04-1 (Gray's
Crossing).
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within the District
on the fifteenth of September 2004 by the following roll call vote:
AYES: Directors Aguera, Hemig, Maass and Van Gundy
ABSTAIN: None
NOES: Director Sutton
ABSENT: None
TRUCKEE DONNER PUBLIC UTILITY DISTRICT
Ja a A. Maass, President
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ATTEST:
Peter L. Holzmeister, Clerk of the Board