Reso 1643 06/2023RESOLUTION NO. 1643
RESOLUTION OF THE BOARD OF DIRECTORS
OF THE VALLECITOS WATER DISTRICT AUTHORIZING INVESTMENT OF VALLECITOS
WATER DISTRICT MONIES IN LOCAL AGENCY INVESTMENT FUND AND REPEAL
RESOLUTION NO. 1587
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 purposes of investment as stated therein, is in the best interests of the
Vallecitos Water District.
NOW, THEREFORE, BE IT RESOLVED that the Board of Directors does hereby authorize
the deposit and withdrawal of Vallecitos Water District 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 following District officers, or their successors in office,
shall be authorized to order the deposit or withdrawal of monies between the Local Agency
Investment Fund and US Bank:
NAME
TITLE
Glenn Pruim
General Manager
Douglas Westley Owen
Chief Financial Officer
Jodi Coco
Finance Supervisor
PASSED, APPROVED AND ADOPTED by the Board of Directors of the Vallecitos Water
District at a regular meeting held on the 7th day of June, 2023, by the following roll call vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
BOYD-HODGSON, ELITHARP, GROSET, HERNANDEZ, PENNOCK
ATTEST:
Glenn Pruim, Secretary
Board of Directors
Vallecitos Water District
mes H nandez, President
Board of rectors
Vallecitos Water District