Res 037-2023 WF4B Sales Tax Corp. and Amending Budget for Aqcuisition of 1500 Scotland Dr. 03/21/2023 Resolution No. 37-2023
Resolution approving the programs and expenditures of the Wichita
Falls Type B Sales Tax Corporation Board of Directors and amending
the budget to include funding up to $62,443 to the City of Wichita Falls
for the acquisition of a 14.7± acre tract of land otherwise known as
1500 Scotland Drive
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 March 2, 2023, the Wichita Falls Type B Sales Tax Corporation
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 Type B Sales Tax Corporation's approval and funding of the
following programs and expenditures, in a total amount not to exceed $62,443 as
described below and in said corporation's agenda, is approved:
An amount up to $62,443 to the City of Wichita Falls for the acquisition
of a 14.7+ acre tract of land otherwise known as 1500 Scotland Drive.
2. The current fiscal year budget of the Type B Sales Tax Corporation is amended
to provide for the aforementioned expenditures and changes thereto.
PASSED AND APPROVED this the 21st day of March 2023.
AYOR
ATTEST:
Ma/Lc-V.' BC
City Clerk