16-57 R - Adopting the Capital Improvement Program (CIP); Repealing all Conflicting Resolutions TOWN OF PROSPER, TEXAS RESOLUTION NO. 16-57
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, ADOPTING THE CAPITAL IMPROVEMENT PROGRAM OF THE
TOWN OF PROSPER; REPEALING ALL CONFLICTING RESOLUTIONS; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, Town staff has presented the Town Council with a recommended Fiscal
Year 2016-2017 Capital Improvement Program which includes budgeted revenues and
expenditures for Fiscal Year 2016-2017 and planned revenues and expenditures for future
years; and
WHEREAS, the recommendation includes funding from a variety of sources including
general obligation bonds, certificates of obligation, revenue bonds, impact fees, grant funds,
escrows, developer agreements, park fees, general fund appropriations, and other sources; and
WHEREAS, the Town Council wishes to formally adopt the Fiscal Year 2016-2017
Capital Improvement Program.
NOW, THEREFORE, BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The Town Council of the Town of Prosper, Texas, hereby adopts the Fiscal Year 2016-
2017 Capital Improvement Program, which is attached hereto as Exhibit A and fully
incorporated herein and made a part of this Resolution for all purposes.
SECTION 2
Any and all ordinances, resolutions, rules, regulations, policies, or provisions in conflict
with the provisions of this Resolution are hereby repealed and rescinded to the extent of any
conflict herewith.
SECTION 3
This Resolution shall be effective from and after its passage by the Town Council.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS 19TH DAY OF SEPTEMBER, 2016.
Ray Smith,[Mayor
AT
Robyn Bat e, TcwN� ecretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. N eI6 Town Attorney
Resolution No.16-57,Page 2
EXHIBIT A
FISCAL YEAR 2016-2017 CAPITAL IMPROVEMENT PROGRAM
Resolution No.16-57,Page 3
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