12-74 - R TOWN OF PROSPER, TEXAS RESOLUTION NO. 12-74
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, HEREBY AUTHORIZING THE TOWN MANAGER
OF THE TOWN OF PROSPER, TEXAS, TO EXECUTE AN ESCROW
AGREEMENT FOR CONSTRUCTION OF MEDIAN AND TURN LANE
IMPROVEMENTS TO SERVE THE NORTHWEST CORNER OF
PRESTON ROAD AND PROSPER TRAIL BETWEEN SADDLE CREEK
INVESTMENTS LTD., AND THE TOWN OF PROSPER.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE
TOWN OF PROSPER, TEXAS:
SECTION 1: The Town Manager of the Town of Prosper, Texas, is hereby
authorized to execute, on behalf of the Town Council of the Town of Prosper, Texas, an
Escrow Agreement for construction of median and turn lane improvements to serve the
northwest corner of Preston Road and Prosper Trail between Saddle Creek Investments
LTD., and the Town of Prosper, as hereto attached.
SECTION 2: This Resolution shall take effect immediately upon its passage with
the effective date of the agreement contemplated herein being August 22, 2011.
RESOLVED THIS THE 9th day of October, 2012.
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Ray Smith, IVlayor
ATTEST TO:
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