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Res 137-82 8/17/1982RESOLUTION NO. ///-f RESOLUTION APPROVING AND ACCEPTING A PROPOSED BUILDING RENOVATION PROJECT AS AN ELIGIBLE PROJECT WITHIN THE CITY'S DESIGNATED BLIGHTED AREA. WHEREAS, the proposed building renovation project located at 1101 Scott Street will contribute significantly to redevelopment objectives in the City's blighted area, as defined by the Wichita Falls Board of Aldermen, and is in furtherance of public purposes, as defined by the Development Corporation Act of 1979, as amended; and, WHEREAS , such project will contribute to the economic growth of Wichita Falls by increasing employment opportunities, increasing the tax base and pro- moting commerce within the City; and, WHEREAS, the required public hearing has been held in conjunction with consideration of such project; and, WHEREAS , such project is an acceptable project of the commercial type. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF WICHITA FALLS , TEXAS , THAT: The City of Wichita Falls approves the 1101 Scott Street building renovation project as an acceptable commercial project within the City's designated blighted area. PASSED AND APPROVED this the 17 day of August, 1982. i` MAYOR ATTEST: Page 2 of 2 Pages Agenda Item No. 9.e. City Clerk