Res 034-2006 3/7/2006 ', � -
RESOLUTION NO. ��"v�(
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WICHITA
FALLS, TEXAS, APPROVING A FINANCING PLAN FOR PUBLIC
IMPROVEMENTS WITHIN TIF #2 ASSOCIATED WITH THE MCGRATH
CREEK CROSSING DEVELOPMENT AND ENDORSING AN
APPLICATION TO THE 4B SALES TAX CORPORATION; FINDING AND
DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION
WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW.
WHEREAS, the City Council passed Resolution #146-2005, which obligates the
City of Wichita Falls to provide certain public infrastructure improvements to enable
commercial development within Tax Increment Financing District #2; and
WHEREAS, City Staff is proposing a financial plan to fund these infrastructure
improvements; and
WHEREAS, in order to complete the City's obligation, staff must approach the
4B Board for project approval of the portion of the project that is 4B eligible.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
SECTION 1. The financial plan for the proposed public infrastructure
improvements is approved.
SECTION 2. An application to the 4B Sales Tax Board for public infrastructure
improvements that are eligible associated with McGrath Creek Crossing Development is
hereby endorsed.
SECTION 3. It is hereby officially found and determined that the meeting at
which this resolution was passed was open to the public as required by law.
PASSED AND APPROVED this the 7th day of March, 2006.
��J �''1/�
MAYOR
ATTEST:
ty Clerk
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