Res. 12-01 reviewing updating and adopting Prosper Investment policy and investemtn strategy 04.18.11PROSPER ECONOMIC DEVELOPMENT CORPORATION RESOLUTION NO. D(
A RESOLUTION OF THE PROSPER ECONOMIC DEVELOPMENT
CORPORATION REVIEWING, UPDATING AND ADOPTING THE PROSPER
INVESTMENT POLICY AND INVESTMENT STRATEGY.
WHEREAS, Section 2256.005(e) of the Public Funds Investment Act (the "Act") states
that the governing body of an investing entity shall review its investment policy and investment
strategies not less than annually; and
WHEREAS, the governing body shall adopt a written instrument by rule, order, ordinance, or
resolution stating that it has reviewed the investment policy and investment strategies: and
WHEREAS, the Act requires the written instrument so adopted shall record any changes made to
either the investment policy or investment strategies.
NOW, THEREFORE, BE IT RESOLVED BY THE PROSPER ECONOMIC
DEVELOPMENT CORPORATION:
SECTION 1.
The Prosper Economic Development Corporation hereby confirms that it has reviewed the
Town's Investment Policy and Investment Strategy and adopts the Investment Policy dated March 27,
2012 attached hereto as Exhibit "A". Changes made to the Investment Policy, which have been
incorporated in Exhibit "A" are recorded for compliance in the document attached hereto as Exhibit `B."
SECTION 2.
This Resolution shall be effective immediately upon its passage.
RESOLVED THIS THE 181h day of April, 2012.
APPROVED:
W.
ATTEST:
By:
Beth Larsen — Prosper EDC Executive Assistant
Wicker -- President