Res 106-87 7/7/1987RESOLUTION NO. 106-87
RESOLUTION APPROVING TRANSFER OF CITY'S
AIRPORT AND AIRWAY IMPROVEMENT ACT OF
1982 ENTITLEMENT FUNDS FOR FISCAL YEARS
1986 AND 1987 IN THE AMOUNT OF $368,280
TO STEPHENS COUNTY 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 Airport and
Airway Improvement Act of 1982, the City of Wichita Falls
waives the following funds apportioned to it under Section
507 of said Act: for fiscal year 1986, $104,434. , and for
fiscal year 1987, $263 ,846. , making a total of $368,280.
This waiver is made on the condition that the Federal
Aviation Administration makes such amount available to
Stephens County 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 Ma, or is
approved.
PASSED AND APPROVED this t/ = 7 day of Jul , 1987.
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M A Y O R
ATTEST:
v2/: ' 3(i in--1
City lerk