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Res 164-2017 12/5/2017 Resolution No. _164-2017_ Resolution approving the programs and expenditures of the Wichita Falls Economic Development Corporation (WFEDC) and amending its budget to include up to $33,600 for Sheppard Military Affairs Committee (SMAC) to retain professiona l services to develop a Base Realignment and Closure (BRAC) Strategy WHEREAS, Texas Local Gov’t. Code §501.073(a) provides “The corporation's authorizing unit will approve all programs and expenditures of a corporation and annually review any financial statements of the corporation ”; and, WHEREAS, on November 16, 2017, the WFEDC approved the Project listed below and as stated in its agenda. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: 1. The Wichita Falls Economic Development Corporation ’s approval and funding of the following programs and expenditures as described below and in said corporation’s agenda, are approved: Sheppard Military Affairs Committee BRAC Strategy:  A total of $33,600 to be used for consulting services to develop a BRAC Strategy for Sheppard Air Force Base. 2. The current fiscal year budget of the WFEDC is amended to provide for the aforementioned expenditures and changes thereto. PASSED AND APPROVED this the 5th day of December, 2017. ______________________________ M A Y O R ATTEST: ____________________ City Clerk