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Res 103-2021 WFEDC Budget Amendment for HOWMET $72,750.15 09/07/2021 Resolution No. 103-2021 Resolution approving the programs and expenditures of the Wichita Falls Economic Development Corporation (WFEDC) and amending the budget to include up to $72,750 for Howmet Aerospace related to their wastewater filtration project 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 August 19, 2021, 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: Howmet Wastewater Filtration Project: • A total of up to $72,750 to be used for the wastewater filtration project at the Howmet Aerospace Wichita Falls facility 6200 1-44. 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 7th day of September, 2021. MAYOR PRO TEM ATTEST: k; City Clerk '/ WIC HITA FALLS ECONOMIC DEVELOPMENT CORPORATION PROJECT SUMMARY August 19,2021 ITEMISIJB,IECT: Ilowrnet Filter Project INITIATED BY: Travis Haggard COMMENTARY: llowmet is requesting funds to offset some or all of the cost of installing a required Oberlin filter at their Wichita Falls facility. From Steve Sage;Plant Manager of Howmet, Wichita Falls: In the company's 2021 wastewater permit, there is no effluent limit in solids stablished in mg/1 for TSS(total suspended solids)or TDS (total dissolved solids); however, several operational conditions exist in the permit, including the following two in concern to solids: 1. The permittee shall not discharge any pollutant or wastewater which cause pass through or interference at the above outfall. 2. The permittee shall not discharge wastewater containing any of the following substance from the outfall: Solid or viscous substances in amounts which will cause obstruction of the flow in the POTW resulting in interference,but in no case solids greater than two inches(2")or five centimeters (5 cm) in any dimension. Installing an Oberlin wastewater filtration system will remove any solid prior to entering the sewer,eliminating any risk of noncompliance. Estimated cost of the filter is $97,000_ RECOMMENDATION: I recommend the EDC provide a one-year forgivable loan of$72,750(75%of the cost of one filter valued at 597,000), SAMPLE MOTION: To provide a forgivable loan to 1lowmet in the amount of$72,750 to assist in the purchase of an Oberlin filter, which shall be forgiven if,at one year after completion of the filter project,the company has at least 529 FTEs working at the Wichita Falls plant. If the company does not have 529 FTEs at that point, it will pay to the EDC$1,000 for each employee it is short. Respectfully submitted, Travis Haggard Wichita Falls Chamber of Commerce