RDAP-2018-06 2018-10-01 RESOLUTION NO.RDAP-2018-06
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF PEARLAND
(DAP), TEXAS AUTHORIZING A DEVELOPER REIMBURSEMENT TO
SHADOW CREEK RANCH DEVELOPMENT COMPANY LIQUIDATING
TRUST TO REIMBURSE FOR TIRZ INFRASTRUCTURE IMPROVEMENTS IN
THE AMOUNT OF $4,468,000, PLUS THE AMOUNT RECEIVED FROM TEA
FOR TAX YEAR 2017 SUPPLEMENTAL TAXES.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Board of Directors hereby authorizes a cash reimbursement in the
amount of$4,468,000 to Shadow Creek Ranch Development Company Liquidating Trust
for TIRZ infrastructure improvements, plus the amount received from TEA for tax year
2017 supplemental taxes.
PASSED, APPROVED,AND ADOPTED this / day of AketkA,_.
A.D 2018.
r/yyt
TOM REID
Development Authority of Pearland
Chairman
ATTEST:
61Atti
ED BAKER
Development Authority of Pearland
Secretary
1