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RDAP-2010-01 - 2010-05-03RESOLUTION NO. RDAP-2010-1 A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF PEARLAND (DAP), TEXAS APPROVING A CASH PAYMENT TO SHADOW CREEK RANCH DEVELOPINFRASTRUCTURE IMPROVEMENTS ENT COMPANY LTD O REIMBURSE FOR TIRZ BE IT RESOLVED BY DAP BOARD OF DIRECTORS: Section 1. That the Board of Directors approves a cash payment in the amount of $1,829,130 to Shadow Creek Ranch Development Company LTD to reimburse for TIRZ infrastructure improvements. PASSED, APPROVED, AND ADOPTED this 3�d day of May, A.D., 2010. TOM REID CHAIRMAN ATTEST: ED BAKER SECRETARY