Res 106-2018 Arconic Railroad Track Repair WFEDC 10/2/2018
Resolution No. 106-2018
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include up to $50,000 for Arconic Wichita Falls to
repair railroad tracks on Bacon Switch Road
WHEREAS, The corporation's
authorizing unit will approve all programs and expenditures of a corporation and
annually review any financial statements of the corporation
WHEREAS, on September 20, 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 Corporationapproval and funding
of the following programs and expenditures as described below and in said
are approved:
Arconic Wichita Falls for material costs to repair the railroad crossing on
Bacon Switch Road near the Wichita Falls Plant:
A total not to exceed $50,000 to be used to pay costs of materials
for the Wichita Tillman Jackson Railroad to make repairs to the
railroad crossing on Bacon Switch Road at the entrance to the
Wichita Falls Plant.
2. The current fiscal year budget of the WFEDC is amended to provide for the
aforementioned expenditures and changes thereto.
nd
PASSED AND APPROVED this the 2 day of October, 2018.
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M A Y O R
ATTEST:
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City Clerk