Res 036-2025 WF Chamber of Commerce WF Aviation Industrial Park Fee Reimbursement 04/01/2025 Resolution No. 36-2025
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (4A) and amending the
budget to include funding up to $55,850 to the Wichita Falls Chamber
of Commerce for reimbursement of due diligence fees paid related to
the proposed Wichita Falls Aviation Industrial Park
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 March 20, 2025, 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:
up to $55,850 to the Wichita Falls Chamber of Commerce for
reimbursement of due diligence fees paid related to the proposed
Wichita Falls Aviation Industrial Park
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 1st day of April 2025.
MAYOR
ATTEST:
City Clerk