Res 107-2018 WFEDC Budget Fiscal Year 18-19 10/2/2018
Resolution No. 107-2018
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation Budget for Fiscal Year
2018-2019
WHEREAS, The corporation's
authorizing unit will approve all programs and expenditures of a corporation and
; and,
WHEREAS, on September 20, 2018, the Wichita Falls Economic Development
ed the attached 2018-19 Budget; and,
WHEREAS, the City Council finds the expenditures designated below for
501.002, and the expenditures designated below
Wichita Falls for the purpose of developing new and expanded business enterprises;
and,
WHEREAS, this resolution finds that the funds budgeted for the:
Chamber Personnel expenditures in the Economic Development Services
Contract with the Chamber of Commerce and Industry are $610,144
administration and $0 promotional;
Economic Development Marketing expenditures in the Economic
Development Services Contract with the Chamber of Commerce and Industry
are $370,000 administration and $0 promotional;
Sheppard Military Affairs Committee, Inc. (SMAC) Contract are $151,175
administration and $0 promotional;
Business Plan Contest (Lalani Center) of Midwestern State University are $0
administration and $30,000 promotional;
Downtown WF Development, Inc. are $0 administration and $100,000
promotional;
Choose Wichita Falls Campaign expenditures are $0 administration and
$5,000 promotional.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
Fiscal Year 2018-19
The programs and expenditures described in the attached
4A WFEDC Budget
of the Wichita Falls Economic Development Corporation (WFEDC)
are hereby approved.
nd
PASSED AND APPROVED this the 2 day of October, 2018.
______________________________
M A Y O R
ATTEST:
____________________
City Clerk
Fiscal Year 2018-20194A WFEDC Budget