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Res 081-99 7/20/1999RESOLUTION NO. al _C RESOLUTION TO PURSUE FUNDING OPTIONS NECESSARY TO FINANCE THE MPEC COLISEUM AND TO REQUEST THE MPEC BOARD TO WORK WITH THE ARCHITECTS TO COMPLETE THE FINAL CONSTRUCTION PLANS; DETERMINING THAT THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, in 1992, the City of Wichita Falls and Wichita County formed a partnership to study the need for the Wichita Falls- Wichita County Multi- Purpose Events Center (MPEC) and, once accomplished, proceeded with design and construction; and WHEREAS, two of the three elements of MPEC have been completed and proven to be extremely successful in their operations and towards improving the quality of life for residents in the county; and WHEREAS, the City Council has previously expressed its support of the construction of the coliseum and therefore the completion of the third phase of the initial concept of MPEC; and WHEREAS, the City Council has discussed funding options and resources available for this project; and WHEREAS, the MPEC Board met on July 14, 1999 and issued a letter confirming the importance of the Coliseum and the importance of the completion of this element of MPEC to the overall enhancement of MPEC's role in the community and economy; and WHEREAS, the City Council appreciates the County Commissioners' indication of support for the construction of the Coliseum and desires that our partnership with the County continues in a meaningful manner. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The City Manager is hereby instructed to proceed with the preparation of any and all appropriation ordinances necessary to transfer the City's financial commitment to the Coliseum construction fund and to have said ordinances at the earliest possible City Council meeting. SECTION 2. The Mayor is hereby authorized to make application to the Tax Increment Financing Board for funds towards this project. SECTION 3. The MPEC Board is hereby requested to work with the architects to finalize the plans for construction of the Coliseum SECTION 4. It is hereby officially found and determined that the meeting at which this resolution was passed was open to the public as required by law. PASSED AND APPROVED this the 20th day of July, 1999. MAYO ATTEST: