Res 162-2025 Hangar #2 Sale 12/16/2025 Resolution No. 162-2025
Resolution authorizing the City Manager to execute the Chapter 380
Economic Development Agreement with TMT Aviation, LLC, and S & J
Aviation, LLC for the purchase of Hangar #2 at Wichita Falls Regional
FBO located at 4000 Armstrong Drive, Wichita Falls, Texas
WHEREAS, the City of Wichita Falls desires to sell Hangar #2 to TMT Aviation,
LLC, and S & J Aviation, LLC; and,
WHEREAS, Owner shall fully comply with all obligations, performance
requirements, and conditions set forth in a Chapter 380 Economic Development
Agreement for a period of ten (10) years from the effective date of that Agreement; and,
WHEREAS, the City Council has determined that such a sale is in the best
interests of the City, that entering into a Chapter 380 Economic Development Agreement
will further promote economic growth and provide additional benefits to the community,
and therefore should be approved.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
Said Chapter 380 Economic Development Agreement with TMT Aviation, LLC, and
S & J Aviation, LLC for the sale of Hangar #2 is hereby approved, and the City Manager
is authorized to execute said 380 Agreement and all related documents on behalf of the
City of Wichita Falls, with such changes as approved by the City Attorney.
PASSED AND APPROVED this the 16th day of December, 2025.
C�
MAYOR
ATTEST:
City Clerk