06-074 - R TOWN OF PROSPER,TEXAS RESOLUTION NO. 06-74
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 BIG
HORN DEVELOPMENT.
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 Big Horn Development for the oversizing of water lines along Coit Road
and Prosper Trail from 12"to 20", in the amount of$242,084.65.
SECTION 2: This Resolution shall take effect immediately upon its passage.
RESOLVED THIS THE 25th day of July, 2006.
Charles iswanger, Mayor
ATTEST TO:
•tthew D. Denton
Town Secretary
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EO. Box 307 • 113 W. Broadway • Prosper, 'X. 75078 • 972.346.2640 • Fax. 972.347.2111
July 28, 2006
Bighorn Development
Attn: George Gibson
12221 Merit Drive, Suite 910
Dallas, Texas 75251
RE: Letter Agreement - Quail Lake and Deer Run
(Cost Participation of 20" Water Line)
Mr. Gibson:
On July 25, 2006, the Town Council approved a resolution authorizing a letter
agreement between the Town of Prosper and Bighorn Development for the oversizing of
water lines along Coit Road and Prosper Trail from 12" to 20". Upon completion of this
water line installation, the Town of Prosper will make payment, in an amount not to
exceed $242,084.65, for reimbursement of this oversize cost.
The Town of Prosper appreciates your participation with the Town to insure that the
proposed water line constructed complies with the draft Capital Improvement Plan.
Your assistance allows for the future extension of water facilities necessary to meet the
growing needs of the community. Thank you.
Sincerely,
Mayor Charles Niswanger
Town of Prosper