R2004-026 02-09-04 RESOLUTION NO. R2004-26
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PEARLAND,
TEXAS, AUTHORIZING THE CITY MANAGER OR HIS DESIGNEE TO
PROCEED WITH THE CREATION OF A LOCAL GOVERNMENT
CORPORATION FOR THE PURPOSE OF ISSSUING TAX INCREMENT
REINVESTMENT ZONE (TIRZ) DEBT.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. That Chapter431, Transportation Code (Subchapter D), authorizes the
creation of a Local Government Corporation to aid, assist and act on behalf of the City to
accomplish the governmental purposes of the City.
Section 2. That the City Manager or his designee is hereby authorized to execute
any documents necessary to proceed with the creation of a Local Government Corporation
for the purpose of issuing TIRZ debt.
PASSED, APPROVED and ADOPTED this the 9th dayof February ,
A.D., 2004.
ATTEST:
APPROVED AS TO FORM:
DARRIN M. COKER
CITY ATTORNEY
TOM REID
MAYOR