Res 082-2024 4A Budget Amendment to Fund MSU Student Success and Military Education Center 08/06/2024 Resolution No. 82-2024
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation Board of Directors and
amending the budget to include funding up to $1,000,000 to
Midwestern State University (MSU) to support the proposed Student
Success and Military Education Center at MSU's existing main
campus 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 July 18, 2024, the Wichita Falls Economic Development
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 Economic Development Corporation's approval and funding
of the following programs and expenditures, in a total amount not to exceed $1,000,000
as described below and in said corporation's agenda, is approved:
$1,000,000 to Midwestern State University (MSU) to support the
proposed Student Success and Military Education Center at MSU's
existing main campus in Wichita Falls.
2. The current fiscal year budget of the Wichita Falls Economic Development
Corporation is amended to provide for the aforementioned expenditures and changes
thereto.
PASSED AND APPROVED this the 6th day of August, 2024.
MAYOR
ATTEST:
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City Clerk