RDAP-2011-4 - 2011-09-12RESOLUTION NO. RDAP-2011-4
A RESOLUTION OF THE DEVELOPMENT AUTHORITY OF
PEARLAND (DAP), TEXAS APPROVING A CASH PAYMENT TO
SHADOW CREEK RANCH DEVELOPMENT COMPANY LTD TO
REIMBURSE FOR TIRZ INFRASTRUCTURE IMPROVEMENTS
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Board of Directors approves a cash payment in the amount
of $5,000,000 to Shadow Creek Ranch Development Company LTD to reimburse for
TIRZ infrastructure improvements.
PASSED, APPROVED, AND ADOPTED this 12'h day of September, A.D., 2011.
TOM REID
CHAIRMAN
ATTEST:
ED BAKER
SECRETARY