Res 034-2019 WFEDC Eagle Rail Phase 4 4/2/2019
Resolution No. 34-2019
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include up to $600,000 for Eagle Rail Car Services, to
expand their rail car refurbishment processes in Wichita Falls
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 March 1, 2019, 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
of the following programs and expenditures as described below a
agenda, are approved:
Eagle Rail Car Services Project (Phase IV):
A total of $600,000 to be used for expansion of the Eagle Rail Car
Services Plant and creation of 32 new jobs.
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 April, 2019.
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M A Y O R
ATTEST:
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City Clerk