RDAP-2016-06 2016-09-26 RESOLUTION NO.RDAP-2016-06
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF PEARLAND
(DAP), TEXAS AUTHORIZING A DEVELOPER REIMBURSEMENT TO
SHADOW CREEK RANCH DEVELOPMENT COMPANY LTD TO
REIMBURSE FOR TIRZ INFRASTRUCTURE IMPROVEMENTS IN THE
AMOUNT OF$11,722,500.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Board of Directors hereby authorizes a reimbursement in the amount
of $11,722,500 to Shadow Creek Ranch Development Company LTD for TIRZ
infrastructure improvements upon receipt of bond proceeds.
PASSED, APPROVED, AND ADOPTED this 26th day of September A.D 2016.
7s4dGrp?
Tom Reid
Development Authority of Pearland
Chairman
ATTEST:
Ed Baker
Development Authority of Pearland
Secretary