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19-80 - RTOWN OF PROSPER, TEXAS RESOLUTION NO. 19-80 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, AUTHORIZING THE TOWN MANAGER OF THE TOWN OF PROSPER, TEXAS, TO EXECUTE AN APPLICATION TO THE COLLIN COUNTY BOND PROJECT FUNDING PROGRAM FOR THE DESIGN, RIGHT-OF-WAY, AND CONSTRUCTION OF THE COIT ROAD (FIRST — FRONTIER) PROJECT; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the Town Council wishes to authorize the Town Manager to execute an application to the Collin County Bond Project Funding Program for the design, right-of-way, and construction of the Coit Road (First — Frontier) project; and WHEREAS, the Town Council further has determined that this is in the best interests of the Town and its residents. NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, THAT: SECTION 1 All of the above premises are found to be true and correct legislative determinations of the Town of Prosper, Texas, and are hereby approved and incorporated into the body of this Resolution as if copied in their entirety. SECTION 2 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 application to the Collin County Bond Project Funding Program for the design, right-of-way, and construction of the Coit Road (First — Frontier) project, as hereto attached. SECTION 3 This Resolution shall take effect immediately upon its passage. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPlpR,'TE9(AS,, ON THIS THE 22TH DAY OF OCTOBER, 2019. P 12 OS y Ray Smith, M yor iyowsii . *1" Robyn i Agaft-le, Town S cretary APPROVED AS TO FORM AND LEGALITY: Terrence S. W Ich, Town Attorney