HomeMy WebLinkAboutRES 2009-08 - Board -------------
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Resolution No. 2009 - 08
AUTHORIZING THE DISTRICT TREASURER
TO INVEST DISTRICT FUNDS FOR FY09
WHEREAS, it is the intent of the Board of Directors that the District's investment policy be
reviewed on an annual basis; and
WHEREAS, the Board of Directors of the Truckee Donner Public Utility District last updated
its investment policy in resolution #2008-19 on July 2, 2008 along with other changes to Title
3 Finance and Accounting; and
WHEREAS, the District's investment policy was again reviewed on January 7, 2009 with no
revisions being proposed; and
WHEREAS, Section 53607 of the Government Code states that certain investment related
duties may be delegated to the Treasurer of the District for a one-year period; and
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby authorize
Mary Chapman, Treasurer to perform the duties described in Title 3.2 Investments of the
District Code for one year pursuant to Government Code Section 53607.
PASSED AND ADOPTED by the Board of Directors at a meeting duly called and held within
the District on February 4, 2009 by the following roll call vote:
AYES: Directors Aguera, Bender, Hemig, Hillstrom and Sutton
ABSTAIN: None
NOES: None
ABSENT: None
TRUCKEE DONNER PUBLIC TILITY DISTRICT
By
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J. Ro mig, President
ATTEST:
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Michael D. Holley, Clerk of th oard
AMENDMENT No. 2
.M-
To
TRUCKEE DONNER PUBLIC UTILITY
DISTRICT
EMPLOYMENT AGREEMENT
GENERAL MANAGER
This Amendment No. 2 to the Truckee Donner Public Utility District Employment
Agreement General Manager is made and entered into this fourth Day of March, 2009,
by and between the Truckee Donner Public Utility District, (hereinafter called "Employer"
or "District") and Michael D. Holley, (hereinafter called "Employee" or"Holley") as
follows:
WHEREAS, the Employer and Employee desire to amend the Truckee Donner
Public Utility District Employment Agreement General Manager entered into between
them on December 31, 2007 ("Agreement"); and
WHEREAS, the District's Board of Directors approved the terms and conditions
set for the in this Amendment No. 2 during its regular meeting on March 4, 2009.
NOW THEREFORE, the Employer and Employee agree as follows:
1. Section 3.A. of the Agreement is amended to read as follows:
Base Salary: Employer agrees to pay Employee an annual base salary of One
Hundred Eighty-eight Thousand One Hundred Dollars ($188,100), payable in
installments at the same time that other employees of the Employer are paid.
2. Add Section 7.C:
The District agrees to make an additional annual contribution of one-percent
(1%) of base salary to the employee's 457B Plan.
3. Except as expressly stated herein, all other terms and conditions of the
agreement shall remain unchanged and in full force and effect.
Employer: Employee:
J. Ron Hemig Michael D. Holley
President of the Board
Truckee Donner Public Utility District