08-071 - RTOWN OF PROSPER, TEXAS
RESOLUTION NO. 08-071
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 REGARDING THE TIMING OF CONSTRUCTION OF
VARIOUS TURN LANE IMPROVEMENTS TO SERVE THE PROSPER
PLAZA PROJECT, BY AND BETWEEN CUSTER — PROSPER, L.P. 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
regarding the timing of construction of various turn lane improvements to serve the Prosper Plaza
Project, by and between Custer -Prosper, L.P. and the Town of Prosper, as hereto attached.
SECTION 2: This Resolution shall take effect immediately upon its passage.
RESOLVED THIS THE 26"' day of August, 2008.
�ha7r_ies N-swanger, Mayor
ATTEST TO:
kAhew Denton,
Town Secretary