Res 014-2000 2/15/2000RESOLUTION NO. kA - IKDO
RESOLUTION APPROVING AN AMENDMENT TO THE FY 1999 -2000
BUDGET FOR THE WICHITA FALLS ECONOMIC DEVELOPMENT
CORPORATION TO PURCHASE AN APPROXIMATE 12.6 ACRE
INDUSTRIAL SITE LOCATED AT 2720 MARKET STREET FOR AN
AMOUNT NOT TO EXCEED $600,000 AND AUTHORIZING AN
ECONOMIC DEVELOPMENT INCENTIVE AGREEMENT WITH
COVERCRAFT INDUSTRIES, INC; FINDING AND DETERMINING THAT
THE MEETING AT WHICH THIS RESOLUTION WAS PASSED WAS
OPEN TO THE PUBLIC AS REQUIRED BY LAW.
WHEREAS, the Wichita Falls Economic Development Corporation Board of
Directors met on Wednesday, February 9, 2000 to consider the purchase of an
approximate 12.6 acre industrial site located at 2720 Market Street and an economic
development incentive agreement with Covercraft Industries, Inc; and
WHEREAS, the Board voted to request authorization from the Wichita Falls City
Council to purchase the above - mentioned property as well as an economic
development incentive agreement with Covercraft Industries, Inc.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF WICHITA FALLS, TEXAS, THAT:
SECTION 1. The Wichita Falls Economic Development Corporation is hereby
authorized to purchase the approximate 12.6 acre industrial site located at 2720 Market
Street for an amount not to exceed $600,000 and enter into an economic development
incentive agreement with Covercraft Industries, Inc.
SECTION 2. The FY1999 -2000 Budget for the Wichita Falls Economic
Development Corporation is hereby amended to include $600,000 for purchase of an
approximate 12.6 acre industrial site located at 2720 Market Street.
SECTION 3. It is hereby officially found and determined that the meeting at
which this resolution was passed was open to the public as required by law.
PASSED AND APPROVED this the 15th day of February 2000.
L..
MAYO
ATTEST:
Ilk IL
City Clerk