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HomeMy WebLinkAboutRES 2010-30 - Board Resolution No. 2010 - 30 AUTHORIZING THE DISTRICT TREASURER TO INVEST DISTRICT FUNDS FOR FYI 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 reviewed its investment policy on December 16, 2009 with no revisions being proposed; and WHEREAS, no revisions to the District's investment policy Title 3.20 are being proposed at this time; 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 Robert Mescher, who will be performing as the District's Treasurer effective January 4, 2011, to perform the duties described in Title 3.20 Investments of the District Code for FY11 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 December 15, 2010 by the following roll call vote: AYES: Directors Aguera, Bender, Hemig, Hillstrom and Laliotis ABSTAIN: None NOES: None ABSENT: None TRUCKEE DONNER PUBLIC UTILITY DISTRICT By jz; �) keff nder, Presiden ATTEST: Michael D. Holley, Clerk of the