Res 073-2025 4A Budget Amendment Nuco Controls, LLC $1,175,000 07/01/2025 Resolution No. 73-2025
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (4A) and amending the
budget to include funding up to $1,175,000 to facilitate a performance
agreement with Nuco Controls, LLC to assist the company in its
planned expansion of operations 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 June 19, 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 of the sale of
real property for a total amount not to exceed $1,175,000 as described below and in said
corporation's agenda, is approved:
up to $1,175,000 to facilitate a performance agreement with Nuco
Controls, LLC to assist the company in its planned expansion of
operations in Wichita Falls.
2. The current fiscal year budget of the Wichita Falls Economic Development
Corporation is amended to provide for the aforementioned revenues and changes thereto.
PASSED AND APPROVED this the 1st day of July, 2025.
MAYOR
ATTEST:
4VaA.AA.--
City Clerk