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Res 018-2018 2/6/2018 Resolution No. _18-2018__ Resolution approving the programs and expenditures of the Wichita Falls Economic Development Corporation (WFEDC) and amending the budget to include up to $55,000 for Braun Intertec to conduct a Phase II Environmental Study for the former ATCO Structures USA site located at 2400 Burkburnett Road. 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 January 18, 2018, 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: Braun Intertec Services for Phase II Environmental Study at 240 0 Burkburnett Road:  A total of $55,000 to be used for consulting services to conduct a Phase II Environmental Study at 2400 Burkburnett Road. 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 6th day of February, 2018. ______________________________ M A Y O R ATTEST: ____________________ City Clerk