Res 068-2013 7/2/2013RESOLUTION NO. 68 -2013
Resolution Approving The Programs And Expenditures Of The
Wichita Falls Economic Development Corporation ( WFEDC) And
Amending The Budget To Include Up To $928,800 For The Eagle Rail
Car Services Recruitment Project
WHEREAS, TEXAS LOCAL GOVT. 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 21, 2013, the WFEDC 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, as described below and in said
corporation's agenda, is approved:
Eagle Rail Car Services Recruitment Project - -- Proposed incentives
for Eagle Rail Car Services and related entities in the amount of up
to $928,800 for the retention and recruitment of primary jobs at said
company's proposed rail car manufacturing and refurbishing facility in
Wichita Falls
2. The current fiscal year budget of the WFEDC is amended to provide for the
aforementioned expenditures and changes thereto.
PASSED AND APPROVED this the 2nd day of July, 2013.
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MAYOR
ATTEST:
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Acting City Clerk