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Res 064-2023 Amend 4A Budget to Use Funds to Update WF Regional Airport Master Plan 06/06/2023 Resolution No. 64-2023 Resolution approving the programs and expenditures of the Wichita Falls Economic Development Corporation (WFEDC) and amending the budget to include an up to $76,000 expenditure to the City of Wichita Falls to be used as 10% matching funds to update the Wichita Falls Regional Airport Master Plan 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 18, 2023, 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: Wichita Falls Regional Airport Master Plan Update: • A total of up to an up to $76,000 expenditure to the City of Wichita Falls to be used as 10% matching funds to update the Wichita Falls Regional Airport Master Plan. 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 6th day of June 2023. /,,, ,ifyyt, 02, '„We-'4,&e":(1--%---- MAYOR ATTEST: Cbtk.v 1)(4-/-Air City Clerk