RTIRZ-2009-03-2009-03-30RESOLUTION NO. RTIRZ-2009-03
A RESOLUTION OF THE PEARLAND TAX REINVESTMENT ZONE #2 (TIRZ
#2), ACCEPTING THE TIRZ #2 INVESTMENT REPORT FOR THE QUARTER
ENDING DECEMBER 2008.
BE IT RESOLVED BY PEARLAND TIRZ #2 BOARD OF DIRECTORS:
Section 1. That the Pearland TIRZ #2 hereby accepts the Investment Report for
the quarter ending December 2008 hereto as "Exhibit "A."
PASSED, APPROVED, AND ADOPTED this 30th day of March, A.D. 2009.
A_______._____._____.
IGEL.HARRISON
TIRZ #2 CHAIRMAN
ATTEST:
1
MIKE YBUR
TIRZ #2 SECRETARY
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AGENDA REQUEST
BUSINESS OF THE TIRZ NO.2
PEARLAND, TEXAS
AGENDA OF: 03/30/2009 ITEM NO.: RTIRZ-2009-03
DATE SUBMITTED: 03/25/2009 REPRESENTING: City of Pearland
PREPARED BY: Rick Overgaard PRESENTOR: Claire Bogard
SUBJECT: Presentation of TIRZ December 2008 Quarterly Investment Report
EXHIBITS: Resolution No. RTIRZ-2009-03 (Exhibit "A" Quarterly Investment
Report)
EXPENDITURE REQUIRED: None
PROJECT: N/A
EXECUTIVE SUMMARY
Pursuant to the Public Funds Investment Act, not less than quarterly, the Investment Officer
shall prepare and submit to the entity a report of investment transactions.
Attached is the Investment Report for the quarter ending December 31, 2008. Highlights
are:
• Beginning Book Value
$
6,461,524
• Ending Book Value
$
4,838,606
• Decrease in Portfolio
$
1,622,918
• Interest Earned for Quarter
$
19,104
• Weighted Average Maturity
40 Days
• Average Rate of Return
1.70%
• Agency Disc Benchmark
1.64%
• One Year T-Bill Benchmark
.95%
• Portfolio Composition:
a. Cash
14%
b. Money Market
66%
c. Agency Note
20%
RECOMMENDED ACTION
Receive December 2008 Quarterly Investment Report.