RDAP 2015-01 2016-10-12 RESOLUTION NO. RDAP-2015-10
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 $19,575,000.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Board of Directors hereby authorizes a reimbursement in the amount
of $19,575,000 to Shadow Creek Ranch Development Company LTD for TIRZ
infrastructure improvements upon receipt of bond proceeds.
PASSED, APPROVED, AND ADOPTED this I 2. day of OG-{'Obti. .
A.D 2015.
Development Authority of Pearland
Chairman
ATTEST:
64- hA//,t''
Development Authority of Pearland
Secretary