11-067 - RTOWN OF PROSPER, TEXAS
RESOLUTION NO. 11 -67
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 FUTURE CONSTRUCTION OF IMPROVEMENTS
ON COLEMAN STREET, FRONTIER PARKWAY AND THE FUTURE
NORTH -SOUTH COLLECTOR ADJACENT TO THE HIGH SCHOOL
PROPERTY BETWEEN PROSPER INDEPENDENT SCHOOL
DISTRICT 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 future construction of improvements on Coleman Street, Frontier
Parkway and the future North -South Collector adjacent to the High School Property
between Prosper Independent School District and the Town of Prosper, as hereto
attached.
SECTION 2: This Resolution shall take effect immediately upon its passage.
RESOLVED THIS THE 13th day of December, 2011 by vote of 7 -0.
Ray Smith Mayor
ATTEST TO:
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