Res 040-2011 5/17/2011 RESOLUTION NO. 40-2011
Resolution Approving Program And Expenditure Of The Wichita Falls
Economic Development Corporation (WFEDC) And Amending The
WFEDC Budget As Appropriate In The Amount Of $265,125 For The
Pratt & Whitney Canada CNC Milling Machine Project
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 or prior to this date, the Wichita Falls Economic Development
Corporation approved the project listed below 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:
Pratt 8� Whitney Canada CNC Milling Machine Project — the WFEDC approved incentives for
Pratt & Whitney Canada in an amount up to $265,125 for expenditures for a five-access
computer numerical control (CNC) milling machine to be located at 3101 Hammon Road in
Wichita Falls.
2. The current fiscal year budget of the Wichita Falls Economic Development
Corporation is amended in accordance with the aforementioned expenditures and
changes thereto.
PASSED AND APPROVED this the 17 day of May, 2011.
C .�.11��.�..
MAYOR
ATTEST:
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, �'ity Clerk
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