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HomeMy WebLinkAbout2022-01 TCSD ResolutionRESOLUTION NO. CSD 2022-01 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA COMMUNITY SERVICES DISTRICT OF THE CITY OF TEMECULA AUTHORIZING INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND AND RESCINDING RESOLUTION NO. CSD 04-01 WHEREAS, The Local Agency Investment Fund is established in the State Treasury under Government Code section 16429.1 et. seq. for the deposit of money of a local agency for purposes of investment by the State Treasurer; and WHEREAS, the Board of Directors of the Temecula Community Services District of the City of Temecula (the "District") desires to rescind Resolution No. CSD 04-01 which previously authorized investment of monies in the Local Agency Investment Fund; and WHEREAS, the Board of Directors hereby finds that the deposit and withdrawal of money in the Local Agency Investment Fund in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein is in the best interests of the District. NOW THEREFORE, BE IT RESOLVED, that the Board of Directors hereby rescinds Resolution No. CSD 04-01 effective February 8, 2022. BE IT FURTHER RESOLVED, as follows: Section 1. That the Board of Directors hereby authorizes the deposit and withdrawal of District monies in the Local Agency Investment Fund in the State Treasury in accordance with Government Code section 16429.1 et. seq. for the purpose of investment as provided therein. Section 2. The following District officers holding the title(s) specified hereinbelow or their successors in office are each hereby authorized to order the deposit or withdrawal of monies in the Local Agency Investment Fund and may execute and deliver any and all documents necessary or advisable in order to effectuate the purposes of this resolution ai hereby: Aaron Adams (Name) Kevin Hawkins (Name) Jennifer Hennessy (Name) 1 General Manager (Title) Assistant General Manager (Title) Director of Finance/Treasurer (Title) Section 3. This resolution shall remain in full force and effect until rescinded by Board of Directors by resolution and a copy of the resolution rescinding this resolution is filed with the State Treasurer's Office. Section 4. The Secretary shall certify to the adoption of this Resolution. PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Temecula Community Services District of the City of Temecula this 8`h day of February, 2022. AT R ohl, Secretary [SEAL] 1 j James Stewart, President 1 1 STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) 1, Randi Johl, Secretary of the Temecula Community Services District of the City of Temecula, do hereby certify that the foregoing Resolution No. CSD 2022-01 was duly and regularly adopted by the Board of Directors of the Temecula Community Services District of the City of Temecula at a meeting thereof held on the 8th day of February, 2022, by the following vote: AYES: 5 BOARD MEMBERS: Alexander, Edwards, Rahn, Schwank, Stewart NOES: 0 BOARD MEMBERS: None ABSTAIN: 0 BOARD MEMBERS: None ABSENT: 0 BOARD MEMBERS: None Randi Johl, Secretary 3