06-111 - R TOWN OF PROSPER,TEXAS RESOLUTION NO. 06 - 111
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 LETTER AGREEMENT BETWEEN THE TOWN OF PROSPER AND
MOORELAND FUND III 380 OFFICE COMM,L.P.
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 Letter Agreement between the
Town of Prosper and Mooreland Fund III 380 Office Comm, LP., for the construction of a 20"
water line in Coit Road from US 380 to First Street, in the amount of$477,850.
SECTION 2: This Resolution shall take effect immediately upon its passage.
RESOLVED THIS THE 24th day of October, 2006.
arles Niswange , ayor
ATTEST TO:
Aie
atthew D. Denton
Town Secretary
‘``�ee�
OF P
~' AIIPr. g�
o u o
•• o
a ®®
•
1
1i11��frEXAS ,,
M
TOWN OF
iiSPER
P.O. Box 307 • 113 W. Broadway • Prosper, TX. 75078 • 972.346.2640 • Fax. 972.347.2111
October 24, 2006
Mooreland Fund III 380 Office Comm LP.
Attn: Michael Beaty
4516 Lovers Lane # 350
Dallas, Texas 75225
RE: Letter Agreement— Prosper Commons Infrastructure
(Cost Participation of 20" Water Line)
Mr. Beaty:
On October 24, 2006, the Town Council approved a resolution authorizing a letter
agreement between the Town of Prosper and Mooreland Fund III 380 Office Comm LP.,
for the construction of a 20" water line along Coit Road from US 380 to First Street.
Upon completion and acceptance of this water line installation, the Town of Prosper will
make payment, in an amount not to exceed $477,850, for reimbursement of the
construction cost.
The Town of Prosper appreciates you're participation with the Town to insure that the
proposed water line constructed complies with the Capital Improvement Plan. Your
assistance allows for the future extension of water facilities necessary to meet the
growing needs of the community.
Sincerely,
ayor Charles Niswanger
Town of Prosper