Res 072-2012 8/7/2012 RESOLUTION NO. 72-2012
Resolution Approving The Programs And Expenditures Of The
Wichita Falls Economic Development Corporation (WFEDC) And
Amending The Budget As Appropriate In The Total Amount Of
$30,000 For Professional Services
WHEREAS, TEXAS LOCAL GOVT. 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 June 4, 2012, the WFEDC approved the Budget Amendment
listed below 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, is approved:
FY 2011-2012 budget amendment - $30,000: Amending the budget for
the current fiscal year to increase the line item expenditure for
Professional Services by $30,000 to provide funds for external architects,
laboratory fees, geotechnical testing fees, attorneys, surveyors,
engineers, economic development consultants, and other professionals
providing services to the WFEDC that are directly related to current or
proposed economic development projects.
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 7t" day of August, 2012.
MAYOR
ATTEST:
City Clerk