06-043 - R TOWN OF PROSPER, TEXAS RESOLUTION NO. 06-43
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, HEREBY APPROVING THE REAL ESTATE
TRANSACTION AS REQUESTED BY THE BOARD OF DIRECTORS OF
THE CENTRAL APPRAISAL DISTRICT OF COLLIN COUNTY AS
PASSED BY ITS RESOLUTION DATED APRIL 5, 2006; PROVIDING
FOR AN EFFECTIVE DATE HEREOF.
WHEREAS, Section 6.051(a) of the Texas Property Tax Code authorizes the Board of
Directors of the Central Appraisal District (the "Board") to establish an
appraisal office, by purchase, lease or construction of improvements as
necessary; and
WHEREAS, The Board passed a resolution on April 5, 2006 (the "Resolution" or "Board's
Resolution"), awarding a contract to Cornerstone Development in an amount
not to exceed $6,650,000.00, for the purchase of 8.22 acres with a new, to be
constructed office building, located at the northeast corner of Eldorado Pkwy
and College St., McKinney. The Board's Resolution, in accordance with
§6.051(b) of the Texas Property Tax Code, made the contract award subject
to approval by three fourths (3/4ths) of the voting taxing units within the
appraisal district; and
WHEREAS, The Board's Resolution, in accordance with §6.051(b) of the Texas Property
Tax Code, made the contract award to Cornerstone Development subject to
approval by three fourths (3/4ths) of the voting taxing units within the
appraisal district; and
WHEREAS, The Town Council of the Town of Prosper, Texas ("Prosper") has investigated
and determined that it is in the best interests of Prosper and its citizens to
approve the real estate transaction requested by the Board in its Resolution
as set forth herein.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS:
SECTION 1: Findings Incorporated. The findings set forth above are incorporated
into the body of this Resolution as if full set forth herein.
SECTION 2: Approval of Real Estate Transaction. The Town Council hereby
approves the real estate transaction requested by the Board, as passed
in the Resolution.
SECTION 3: Effective Date. This resolution shall become effective immediately upon
its passage.
RESOLVED THIS THE 9th DAY OF May, 2006.
Charles iswanger, yor
ATTEpW..&►
Doug as C. sr el, own Administrator
RESOLUTION APPROVING CCCAD REAL ESTATE TRANSACTION—Solo Page
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