HomeMy WebLinkAboutRes 91-08 Approving and Authorizing the Execution of the Contribution AgreementRESOLUTION NO. 8-91
WHEREAS, it is necessary for the widening of State Highway 114
for certain tracts or parcels of land to be acquired; and
WHEREAS, some of the tracts are in Westlake and some are in
Trophy Club; and
WHEREAS, the Town of Trophy Club is desirous of the Town of
Westlake acquiring those tracts and the right-of-way situated in
Trophy Club pursuant to an interlocal cooperation agreement; and
WHEREAS, Maguire/Thomas Partners - Westlake/Southlake
Partnership and MTP -IBM Phase II and III Joint Venture has agreed
with the State Department of Highways and Public Transportation for
the State of Texas to contribute to the purchase of Parcels 9 -
Part 2, 9E - Part 2, 10 and 10 TE in an amount not to exceed
$250,000.00; and
WHEREAS, it is necessary to approve certain agreements between
Westlake, Trophy Club and the Maguire/Thomas Partners -
Westlake/Southlake Partnership and MTP -IBM Phase II and III Joint
Venture; NOW THEREFORE
BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE TOWN OF WESTLAKE,
TEXAS:
That the Contribution Agreement by and among the Town of
Westlake, Texas, the Town of Trophy Club, Texas and Maguire/Thomas
Partners - Westlake/Southlake Partnership and MTP -IBM Phase II and
III Joint Venture, attached hereto as Exhibit "A", is hereby
approved and the Mayor of the Town of Westlake is hereby authorized
to execute the same on behalf of the Town.
PASSED AND APPROVED this 1st day of July, 1991.
1
-Dale Whit e, Mayor
ATTEST:
Ger-jy While, Town Secretary
APPROVED AS TO FORM:
Paul C. Isham, Town Attorney
\373-23.010\012_res