Res 029-2022 WFEDC Budget Amend for MPEC Conference Center Hotel Parking 03/01/2022 Resolution No. 29-2022
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include an up to $527,500 additional expenditure to the
City of Wichita Falls related to the existing MPEC Conference
Center/Hotel parking lot 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 February 17, 2022, 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:
MPEC Hotel/Conference Center parking lot project:
• A total of up to $527,500 additional expenditure to the City of Wichita
Falls related to the existing MPEC Conference Center/Hotel parking
lot project.
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 1st day of March, 2022.
MAYOR
ATTEST:
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City Clerk /