RDAP-2019-06 2019-09-23RESOLUTION NO. RDAP-2019-06
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
$6,155,147, WHICH INCLUDES THE AMOUNT RECEIVED FROM TEA FOR
TAX YEAR 2018 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 $6,155,147 to Shadow Creek Ranch Development Company LTD for TIRZ
infrastructure improvements, which includes the amount received from TEA for tax year
2018 supplemental taxes.
PASSED,APPROVED, AND ADOPTED this the 29t day of September, A.D.
2019.
Development Authority of Pcarland
Chairman
ATTEST:
Development Authority of Pearland
Secretary
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