Res 143-97 9/16/1997RESOLUTION NO. tL 3-6 j '7
RESOLUTION APPROVING THE TRANSFER OF THE CITY'S AIRPORT
AND AIRWAYS IMPROVEMENT ACT OF 1982 ENTITLEMENT FUNDS,
$66,303 TO SUGARLAND/HULL AIRPORT AND $23,276 TO THE
STATE OF TEXAS, FOR THE STATE'S INNOVATIVE FINANCE
PROGRAM.
WHEREAS, the City of Wichita Falls, Texas, has surplus AIP Entitlement Funds;
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WHEREAS, as of October 1, 1997, these funds will be lost to the City of Wichita
Falls, as well as to the State of Texas; and
WHEREAS, the City Council desires to designate a recipient of these funds;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
WICHITA FALLS, TEXAS, THAT:
In accordance with Section 508 (b) (2) of the Airport Improvement Act of 1982,
the City of Wichita Falls waives the following funds apportioned to it under Section 507
of said Act; $89,579 from fiscal year 1995. This waiver is made on the condition that
the Federal Aviation Administration makes such amounts, $66,303 available to
Sugarland/Hull Airport and $23,276 available to the State of Texas, for the State's
Innovative Finance program, for eligible projects under Section 505 of the Act.
PASSED AND APPROVED this the 16th day of September, 1997
ATTEST: