Res 069-2022 WFEDC Budget Amendment for Howmet Aerospace $57,462.50 06/07/2022 Resolution No. 69-2022
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include up to $57,462.50 expenditure to Howmet
Aerospace to support the company's purchase of a new filtration
system and the retention of 609 employees at their Wichita Falls
operation
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 May 19, 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:
Delta T Thermal Solutions Project:
• A total of up to $57,462.50 to Howmet Aerospace to support the
company's purchase of a new filtration system and the retention of
609 employees at their Wichita Falls operation.
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 June, 2022.
/:rtip/L,
MAYOR
ATTEST:
City Clerk