Res 124-2024 4A and 4B Funds for SAFB Runway Strobe Light Repair 10/01/2024 Resolution No. 124-2024
Resolution approving the programs and expenditures of the Wichita
Falls Type B (4B) Sales Tax Corporation Board and amending the
budget to include funding in an amount up to $500,000 to Sheppard
Air Force Base (SAFB), and approving the programs and expenditures
of the Wichita Falls Economic Development Corporation (4A) Board
and amending the budget to include funding in an amount up to
$500,000 to SAFB; both to support the strobe light repair project for
the main runway at SAFB for a total of $1,000,000
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; and
WHEREAS, on September 19, 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 Type B Sales Tax Corporation's approval and funding of the
following programs and expenditures, in a total amount not to exceed $500,000 as
described below and in said corporation's agenda, is approved:
$500,000 to SAFB to support the strobe light repair project for the main
runway.
2. The Wichita Falls Economic Development Corporation's approval and funding
of the following programs and expenditures, in a total amount not to exceed $500,000 as
described below and in said corporation's agenda, is approved:
$500,000 to SAFB to support the strobe light repair project for the main
runway.
3. The current fiscal year budgets of the Type B Sales Tax Corporation and
Economic Development Corporation is amended to provide for the aforementioned
expenditures and changes thereto.
PASSED AND APPROVED this the 1st day of October, 2024.
MAYOR
ATTEST:
&-Aiwykr
' ( City Clerk