07-020 - R TOWN OF PROSPER,TEXAS RESOLUTION NO. 07 -020
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, HEREBY AUTHORIZING THE MAYOR OF THE
TOWN OF PROSPER, TEXAS, TO EXECUTE A COLLATERAL
ASSIGNMENT OF IMPACT FEE AGREEMENT WITH CONSENT TO
ASSIGNMENT BETWEEN SADDLE CREEK INVESTMENTS, LTD.,
THE TOWN OF PROSPER,AND INDEPENDENT BANK.
NOW,THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF PROSPER,TEXAS:
SECTION 1: The Mayor of the Town of Prosper, Texas, is hereby authorized to execute, on
behalf of the Town Council of the Town of Prosper, Texas, a Collateral Assignment of Impact
Fee Agreement with Consent to Assignment between Saddle Creek Investments, Ltd., the Town
of Prosper, and Independent Bank, as hereto attached.
SECTION 2: This Resolution shall take effect immediately upon its passage.
RESOLVED THIS THE 13th day of March, 2007.
Charles is nger, or
ATTEST TO:
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'► atthew Denton,TRMC
own Secretary