Res 087-2014 8/5/2014RESOLUTION NO. 87-2014
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include up to $185,500 for the Hunting Titan
Recruitment Project
WHEREAS, Texas Local Gov’t. Code § 501.073(a) provides “The corporation's
authorizing unit will approve all programs and expenditures of a corporation and
annually review any financial statements of the corporation”; and
WHEREAS, on July 11, 2014, the WFEDC approved the Project listed below and
as stated in its agenda.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
1. The Wichita Falls Economic Development Corporation’s approval and funding
of the following programs and expenditures, as described below and in said
corporation’s agenda, is approved:
Hunting Titan Recruitment Project – proposed incentives for Hunting Titan and
related entities in the amount of up to $185,500 of costs for expenditures for the
recruitment of primary jobs at said company’s proposed manufacturing facility
at/near its current facility on 6985 Jacksboro Highway or different location in
Wichita Falls.
2. The current fiscal year budget of the WFEDC is amended to provide for the
aforementioned expenditures and changes thereto.
PASSED AND APPROVED this the 5th day of August, 2014.
M A Y O R
ATTEST:
City Clerk