Res 104-2020 WFEDC Funding Improvements at Business Park 11/3/2020Resolution No. 104-2020
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include up to $1,500,000 for design, engineering, and
geotechnical work related to proposed infrastructure improvements
at the WFEDC-owned business park
WHEREAS, Texas Local Gov't. Code §501.073(a) provides "The corporation's
authorizing unit will approve all programs and expenditures of a corporation and annually
review any financial statements of the corporation"; and,
WHEREAS, on October 15, 2020, 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's approval and funding
of the following programs and expenditures as described below and in said corporation's
agenda, are approved:
A total of up to $1,500,000 to be used for design, engineering, and
geotechnical work related to proposed infrastructure improvements
at the WFEDC-owned business park.
2. The current fiscal year budget of the WFEDC is amended to provide for the
aforementioned expenditures and changes thereto.
PASSED AND APPROVED this the 3rd day of November, 2020.
MAYO R
ATTEST:
City Clerk