R2018-124 2018-07-09 RESOLUTION NO. R2018-124
A Resolution of the City Council of the City of Pearland, Texas,
authorizing the City Manager or his designee to enter into a Tax
Abatement Agreement with Pearland Economic Development
Corporation ("PEDC") Prospect No. 1803, and authorizing a Loan
Assistance Agreement between PEDC and Prospect No. 1803.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That certain Tax Abatement Agreement between the City and PEDC
Prospect No. 1803 is hereby authorized and approved.
Section 2. That certain Loan Assistance Agreement between the PEDC and
Prospect No. 1803 is hereby authorized and approved.
Section 3. That the City Manager or his designee is hereby authorized to execute
and the City Secretary to attest a Tax Abatement Agreement.
PASSED, APPROVED and ADOPTED this the 9th day of July, A.D., 2018.
TOM REID
MAYOR
ATTEST:
UNG 0-F1 � `n=
TY S RETARY
.../1111100`````
APPROVED AS TO FORM:
rOttAA ., 0-64-PA-)
DARRIN M. COKER
CITY ATTORNEY