Res 120-2024 Approval of Programs and Expenditures for 4B and Amend Budget to Support Sports Complex 09/17/2024 Resolution No. 120-2024
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 in an amount up to $2.1 M to the City of
Wichita Falls to support capital improvements at the Sports Complex
(2nd turf project).
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 September 5, 2024, 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 $2,100,000 as
described below and in said corporation's agenda, is approved:
$2,100,000 to the City of Wichita Falls to support capital improvements
at the Sports Complex (2nd turf project).
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 17th day of September, 2024.
MAYOR
ATTEST:
cam; ,66-
City Clerk U