2008-08-25 RTIRZ-2008-07RESOLUTION NO. RTIRZ-2008-07
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE PEARLAND TAX
INCREMENT REINVESTMENT ZONE NUMBER TWO (TIRZ #2) BOARD OF
DIRECTORS, APPOINTING THREE MEMBERS TO SERVE AS AN INVOICE
REVIEW COMMITTEE:
BE IT RESOLVED BY TIRZ #2 BOARD OF DIRECTORS:
Section 1. That the Board of Directors for the Pearland Tax Increment
Reinvestment Zone #2 hereby appoints the following three members to serve on
the invoice review committee
Section 2. That the Invoice Review Committee shall review and approve
invoices for payment on behalf of the TIRZ #2 up to the annual operating budget
of $175,000.
Section 3. That when the total collective amount of all invoices paid by the
TIRZ #2 Board reach $175,000, approval for the payment of invoices will be
presented to the entire Board for approval, until and unless the Board amends
their annual operating budget.
PASSED, APPROVED, AND ADOPTED this 25th day of August, A.D. 2008.
NIGEL HARRISON
TIRZ #2 CHAIRMAN
ATTEST:
MIKE 1PYIJU14N
TIRZ #2 SECRETARY
Mde AGENDA REQUEST
BUSINESS OF THE TIRZ NO.2
PEARLAND,TEXAS
AGENDA OF: August 25, 2008 ITEM NO.: RTIRZ-2008-07
DATE SUBMITTED: August 15, 2008 REPRESENTING: City of Pearland
PREPARED BY: Claire Bogard PRESENTOR: Claire Bogard
SUBJECT: Appoint Invoice Committee
EXHIBITS: Resolution No. RTIRZ-2008-07
EXPENDITURE REQUIRED:
PROJECT:
EXECUTIVE SUMMARY
Staff currently presents to the TIRZ board invoices for approval for payment. Since the
Board meets so infrequently, consultants are typically waiting months to get paid. Staff
is requesting that the Board reconstitute the invoice committee to meet and approve
invoices for payment between meetings to ensure that vendors get paid according to
the Prompt Payment Act.
Staff is requesting the appointment of three members to the committee, with two
members of the committee actually having to approve the invoice for payment.
RECOMMENDED ACTION
Appointment of Invoice Committee.
Revised 2007-01-09