HomeMy WebLinkAboutRDAP 2025-01 20251001RESOLUTION NO. RDAP 2025-01
A Resolution of the Development Authority of Pearland (DAP),
accepting the Independent Accountant's Report on Application of
Agreed -Upon Procedures of Costs Reimbursable to the City of
Pearland, Texas, from $14,531,559 of surplus tax increment
revenues as of October 1, 2025.
BE IT RESOLVED BY THE DAP BOARD OF DIRECTORS:
Section 1. That the Development Authority of Pearland, Texas hereby
accepts the Independent Accountant's Report on Application of
Agreed -Upon Procedures of Costs Reimbursable to the City of
Pearland, Texas, from $14,531,559 of Surplus Tax Increment Revenues
as of October 1, 2025, as prepared by the accounting firm of McGrath &
Co., PLLC, and authorizes the disbursements as documented in such
Report.
PASSED, APPROVED and ADOPTED this the 1st day of October,
A.D., 2025.
ATTEST:
A SECRETARY
DAP CHAIRMAN
DEVELOPMENT AUTHORITY OF PEARLAND
City Of Pearland, Texas
October 1, 2025
McGrath & Co., PLLC
2900 North Loop West, Suite 880
Houston, Texas\77092
In connection with your engagement to apply agreed-upon procedures on amounts reimbursable
to the City of Pearland (the "City") from $14,531,559 of surplus tax increment revenues, we
confirm, to the best of our knowledge and belief, the following representations made to you
during your engagement.
1) We acknowledge that we are responsible for amounts reimbursable to the City.
2) We have provided you with all relevant information and access under the terms of our
agreement.
3) We have disclosed to you any known matters contradicting amounts reimbursable to the City.
4) We have disclosed to you any communications from regulatory agencies, other independent
practitioners or consultants, and others affecting the amounts reimbursable to the City,
including communications received as of the date of your report, October 1, 2025.
5) We are not aware of y material misstatements in the amounts reimbursable to the City.
Signature:
Chairman, Board of Directors