Res 108-2024 Amend WFEDC Budget Wichita Clutch 09/03/2024 Resolution No. 108-2024
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC/4A) by amending
the budget to include an expenditure up to $37,500 to support a
performance agreement with Warner Electric LLC DBA Wichita
Clutch related to their planned workforce expansion.
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 August 15, 2024, 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 Clutch Project:
• Up to $37,500 to support a performance agreement with Warner
Electric LLC DBA Wichita Clutch related to their planned workforce
expansion
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 3rd day of September, 2024.
// /
— MAYOR
ATTEST:
ct ,ida/hr-
City Clerk