Reso 2007-731RESOLUTION NO. 2007 -731
RESOLUTION OF THE COSTA MESA SANITARY DISTRICT
AUTHORIZING INVESTMENT OF MONIES IN THE
LOCAL AGENCY INVESTMENT FUND
WHEREAS, Pursuant to Chapter 740 of the statutes of 1976 §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 in a local agency for purposes of investment by the State
Treasurer; and
WHEREAS, the Costa Mesa Sanitary District 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 §16429.1 of the Government Code for the purpose of investment as stated
therein as in the best interest of the Costa Mesa Sanitary District.
NOW THEREFORE, BE IT RESOLVED, that the Board of Directors does hereby
authorize the deposit and withdrawal of Costa Mesa Sanitary District monies in the Local
Agency Investment Fund in the State Treasury in accordance with the provisions of §16429.1
of the Government Code for the purpose of investment as stated herein, and verification by the
State Treasurer's Office of all banking information provided in that regard.
BE IT FURTHER RESOLVED, that the following Costa Mesa Sa
successors in office shall be authorized to order the deposit and
Local Agency Investment Fund:
2z::)
Marcus D. Davis
District Treasurer
Thomas A. Fauth
Assistant Manager
nitary District officers or their
withdrawal of monies in the
Wendy H. Davis
Deputy District Treasurer
L. Joa evak
Board Secretary/Program Manager
.s
PASSED AND ADOPTED this day of 2007, by the following vote:
AYES: Art Perry, Arlene Schafer, Bob Ooten, James Ferryman, Gary Monahan
NOES:
ABSTENTIONS:
ABSENT
P.
President of the Board
STATE OF CALIFORNIA)
COUNTY OF ORANGE ) SS
CITY OF COSTA MESA )
`( 1
Secretary of, the 'board
I, Joan Revak, Clerk of the Costa Mesa Sanitary District, hereby certify that the above
and foregoing Resolution No. 2007 -731 duly and regularly_ passed and adopted by said Board
of Directors at a regular meeting thereof held on the 1 faT/ day of 2007.
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the seal of the
Costa Mesa Sanitary District, this !� day of 2007.
Clerk of 6osfa Mesa Sanitary District