RDAP-2014-09 RESOLUTION NO. RDAP-2014-09
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 $7,920,000.
BE IT RESOLVED BY DAP BOARD OF DIRECTORS:
Section 1. That the Board of Directors hereby authorizes a reimbursement in the amount
of $7,920,000 to Shadow Creek Ranch Development Company LTD for TIRZ
infrastructure improvements upon receipt of bond proceeds.
PASSED, APPROVED, AND ADOPTED this 10th day of November, A.D 2014.
OYJ'I �
Development Authority of Pearland
Chairman
ATTEST:
7 4/f'
Development Authority of Pearland
Secretary