Res 122-96 8/20/1996RESOLUTION NO. Pa-c1(10
RESOLUTION APPROVING THE TRANSFER OF THE CITY'S AIRPORT AND
AIRWAYS IMPROVEMENT ACT OF 1982 ENTITLEMENT FUNDS, TOTALING
488, 099 . 00 FOR FY 1994, TO ADDISON, TEXAS
WHEREAS, the City of Wichita Falls, Texas, has surplus AIP
Entitlement Funds; and
WHEREAS, as of October 1, 1996, 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; $488, 099. 00 from
fiscal year 1994 . This waiver is made on the condition that the
Federal Aviation Administration makes such amount, $488, 099. 00,
available to the City of Addison, Texas, for eligible projects under
Section 505 of the Act.
The execution of an agreement for transfer of such entitlements
for the City of Wichita Falls, by the Mayor, is approved.
PASSED AND APPROVED this the 20th day of August, 1996.
A Y O R.
ATTEST:
1 Ai
ity Clerk