R2017-116 2017-06-12 RESOLUTION NO. R2017-116
A Resolution of the City Council of the City of Pearland, Texas, authorizing
the Lower Kirby Pearland Management District ("District") to issue and sell
road bonds, totaling $3,830,000.00, for certain roadway and storm drainage
projects (South Spectrum Boulevard between Promenade Shops Drive and
Kirby Drive).
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That Chapter 375.207 of the Texas Local Government Code requires the
District to obtain approval of the City for bond issues that support improvement projects in the
District.
Section 2. That the Mayor is hereby authorized to sign the consent letter, attached
hereto as Exhibit "A," authorizing the issuance of road bonds for certain projects, the plans and
specifications of which have been approved by the City Council.
PASSED, APPROVED, AND ADOPTED this 12th day of June, A.D., 2017.
TOM REID
MAYOR
ATTEST:
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APPROVED AS TO FORM:
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DARRIN M. COKER �.
CITY ATTORNEY
Resolution No. R2017-116
Exhibit "A"
CITY OF PEARLAND
June 12, 2017.
The Honorable Ken Paxton
Attorney General of Texas
William P. Clements Building
300 West 15th Street, 7th Floor
Austin,Texas 78701
Re: Lower Kirby Pearland Management District Unlimited Tax Road Bonds,
Series 2017
Ladies and Gentlemen:
You are hereby notified that the City Council of the City of Pearland, Texas, has
authorized the Lower Kirby Pearland Management District to issue and sell the above-
captioned bonds for the purposes of funding certain road improvement projects, the
plans and specifications for which have also been approved by the City Council of the
City of Pearland, Texas, each in compliance with Section 375.207 of the Texas Local
Government Code. The approval was passed by the City Council at a duly posted City
Council meeting on June 12,2017.
Sincerely,
QTY OF PEARLAND
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Tom Reid, Mayor
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