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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 p n ~ _ 2 ti ~~ o ~ ~ 2 t C T G 7 Y D ~ x ~d ni ~, D _ Q,- ~D y .~. a O 0 n s a V ~ ~ c rc ~; N tJ lIi ~ p ~ ~ ~ O c o ~ m n ~ o ~ ~ ~ ~ ~ ~. n ~ o ~ ~ ~. S s rp a 0 n: a w a S a Q n a 3 ~9 v c s n T C a N G 3 D D -i < n 4 n C D p p ~ ~ ~ ~ ~ p ~ T ~ e:; Q ~ _ j ~ oo - ~ c J ~ _ 7 ^ 7 ~ CTa Qc O a~ n J r~ ~ ~ C ~ ~ ~ W' p ~ y ~ C y . ~ ~ ~ C O 'C O _ x d (D - , ~' '~ ~ 0~. y 't ~ ~ ~ < O S !D H~ r ~ ~ . ~. C~ ~ ~ ~ ~ n n y ~ n y o . o ~_ y ~ ,_. 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O ~ O w IC A ~ tD W \ ~ O O ~ O C W O ~ N C a W r 7 00 N H O SHADOW CREEK RANCH 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.