Res 132-2023 Appv. 4A Programs by Amend. Budget to Include $75,000 Performance Agmt. with MagicAire Inc. 11/07/2023 Resolution No. 132-2023
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC/4A) by amending
the budget to include an up to $75,000 performance agreement with
Magic Aire, Inc. to assist in site improvements at the existing facility
in Wichita Falls
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 October 19, 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:
Magic Aire 2023 Project:
• A total of up to $75,000 performance agreement with Magic Aire, Inc.
to assist in site improvements at the existing facility in Wichita Falls
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 November, 2023.
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MAYOR
ATTEST:
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City Clerk