Res 138-2025 approving the programs and expenditures of the Wichita Falls Type B Sales Tax Corporation (4B) by amending the budget to include funding in an amount not to exceed $9,000 Resolution No. 138-2025
Resolution approving the programs and expenditures of the Wichita
Falls Type B Sales Tax Corporation (4B) by amending the budget to
include funding in an amount not to exceed $9,000 to Potencia
Projects LLC to support the Loco for Cinco event downtown.
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 October 2, 2025, 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 $9,000 as described
below and in said corporation's agenda, is approved:
$9,000 to Potencia Projects LLC to support the Loco for Cinco event
promoting Wichita Falls downtown.
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 21st day of October, 2025.
MAYOR
ATTEST:
zctimir
City Clerk