Res 014-99 2/16/1999RESOLUTION NO. I-/\— ' q
RESOLUTION APPROVING AN AMENDMENT TO THE FY 1998 -99
BUDGET OF THE WICHITA FALLS ECONOMIC DEVELOPMENT
CORPORATION IN THE AMOUNT OF $30,000 FOR PROFESSIONAL
SERVICES; DETERMINING THAT THE MEETING AT WHICH THIS
RESOLUTION WAS PASSED WAS OPEN TO THE PUBLIC AS
REQUIRED BY LAW.
WHEREAS, on Monday, February 8, 1999, the Wichita Falls Economic
Development Corporation Board of Directors (Corporation) met and approved an
amendment to the Corporation's FY 1998 -99 Budget in the amount of $30,000 for
professional services; and
WHEREAS, the Industrial Development Act of 1979, amended, which governs
the Corporation, provides, in part, that eligible costs of the Corporation may ;nclude,
among other things,
"...cost of estimates and of engineering and legal
services, plans specifications, surveys, estimates of
cost and revenues, other expenses necessary or
incident to determining the feasibility and practicability
of acquiring, constructing, reconstructing, improving,
and expanding any such project..."
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
SECTION 1. The FY 1998 -99 Budget of the Wichita Falls Economic
Development Corporation is hereby amended in the amount of $30,000 for purposes of
professional services.
SECTION 2. 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 16th day of February, 1999.
AYOR
ATTEST:
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