Page 50 - Yucaipa Valley Water District

Director Memorandum No. 17-042 Page 4 of 6

RESOLUTION NO. 2017-12

A RESOLUTION OF THE BOARD OF DIRECTORS OF THE YUCAIPA VALLEY
WATER DISTRICT AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL
AGENCY INVESTMENT FUND

WHEREAS, pursuant to Chapter 730 of the statues 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 Yucaipa Valley Water District (“District”) 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 investment as stated therein as in the best
interests of the District.

NOW, THEREFORE, BE IT RESOLVED that the Board of Directors of the Yucaipa Valley Water
District does hereby resolve to:

1. Authorize the deposit and withdrawal of 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 investment as stated therein, and verification by the State
Treasurer’s Office of all banking information provided in that regard, and

2. Designate the District officers or their successors in office as provided on Exhibit “A” to
be authorized to order the deposit or withdrawal of monies in the Local Agency
Investment Fund.

th
PASSED AND ADOPTED this 16 day of May 2017.

YUCAIPA VALLEY WATER DISTRICT

Jay Bogh, President Board of Directors

ATTEST:

Joseph B. Zoba, General Manager

Yucaipa Valley Water District - May 16, 2017 - Page 48 of 64