Res 092-2013 8/20/2013RESOLUTION NO. 92 -201
Resolution Approving The Wichita Falls Economic Development
Corporation's Option And Sale Of 8.21 Acres In The Wichita Falls
Business Park In The Amount Of $20,000 Per Acre
WHEREAS, on August 5, 2013 the Wichita Falls Economic Development
Corporation (WFEDC) authorized the option and sale of an 8.21 -acre tract of land
(depicted in the attached Exhibit A) in the Wichita Falls Business Park; and
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 this transfer could be
considered to constitute a program or expenditure of the WFEDC.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
The WFEDC's approval and funding of the following programs and expenditures,
as described below and in said corporation's agenda, is approved:
Option & Sale of 8.21 Acres of Land in Business Park — Authorizing the
option and sale of 8.21 acre tract of land in the Wichita Falls Business Park in
the amount of approximately $20,000 per acre
PASSED AND APPROVED this the 20th day of August, 2013.
MAYOR
ATTEST:
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