RDAP-2018-08 2018-10-22 RESOLUTION NO. RDAP-2018-08
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 $5,870,000.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Board of Directors hereby authorizes a reimbursement in the amount
of$5,870,000 to Shadow Creek Ranch Development Company Liquidating Trust for TIRZ
infrastructure improvements upon receipt of bond proceeds.
PASSED, APPROVED, AND ADOPTED this 22 day of October A.D 2018.
Development Authority of Pearland
Chairman
ATTEST:
ire net"—
Development Authority of Pearland
Secretary