Res 139-2019 4B Funding for Conference Center Project Preconstruction 12/17/2019
Resolution No. 139-2019
Resolution approving the programs and expenditures of the Wichita
Falls 4B Sales Tax Corporation Board of Directors and amending the
budget to include funding up to $456,477 for preconstruction costs
related to the conference center portion of the MPEC conference
center hotel project
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 December 10, 2019, the Wichita Falls 4B Sales Tax Corporation
(4BSTC) 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 approval and funding of the
following programs and expenditures, in a total amount not to exceed $456,477 as
An amount up to $456,477 for preconstruction costs related to the
conference center portion of the MPEC conference center hotel
project.
2. The current fiscal year budget of the 4B Sales Tax Corporation is amended to
provide for the aforementioned expenditures and changes thereto.
rd
PASSED AND APPROVED this the 17 day of December, 2019.
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M A Y O R
ATTEST:
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City Clerk