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Res 077-89 5/16/1989RESOLUTION NO. 77_ff RESOLUTION APPROVING TRANSFER OF CITY'S AIRPORT AND AIRWAYS IMPROVEMENT ACT OF 1982 ENTITLEMENT FUNDS FOR FY 1989 IN THE AMOUNT OF $710,000 TO THE GRAHAM MUNI- CIPAL AIRPORT. BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, that: In accordance with Section 508(b)(2) of the Airways and Airport Improvement Act of 1982, the City of Wichita Falls waivers the following funds apportioned to it under Section 507 of said Act $312,631.37 from FY 88 and $397,368.63 from FY 89. This waiver is made on the condition that the Federal Aviation Administration makes such amount available to Graham Municipal Airport 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 16 day of May, 1989. MAYOR ATTEST: iAI CITY CLER