Res 040-2022 WFEDC Wichita Falls Regional Airport Business Park Site Preparation Costs 03/15/2022 Resolution No. 40-2022
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include an up to $75,000 expenditure for site
preparation costs related to a potential business park adjacent to the
Wichita Falls Regional Airport
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 22, 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:
Airport Business Park Site Preparation Project:
• A total of an up to $75,000 expenditure for site preparation costs
related to a potential business park adjacent to the Wichita Falls
Regional Airport.
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 15th day of March, 2022.
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MAYOR
ATTEST:
Mak
City Clerk