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Res 033-2010 3/2/2010 RESOLUTION NO. �3—��� Resolution Approving Sheppard Air Force Base Intervention Project, Approving Wichita Falls Economic Development Corporation Funding In The Amount Of Up To $30,000, Amending WFEDC Budget, And Authorizing Intervention In The Competitive Renewable Energy Zone Proceeding That Will Be Filed With The Texas Public Utilities Commission Concerning The Location Of Electric Transmission Lines In The Vicinity Of Said Base WHEREAS, TExas Loca� Gov'r Co�E §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 or prior to this date, the Wichita Falls Economic Development Corporation approved the project listed below 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 above and in said corporation's agenda, is approved: Sheppard Air Force Base Intervention Project —which will provide for the payment of up to $30,000 of "costs" (as defined by Texas Local Government Code § 501.152) of expenditures required or suitable for the development, retention, or expansion of Sheppard Air Force Base involving preservation of airspace in the vicinity thereof by intervening in and administering issues related to the competitive renewable energy zone proceeding that will be filed with the Texas Public Utilities Commission concerning the location of electric transmission lines in the vicinity of said base 2. The current fiscal year budget of the Wichita Falls Economic Development Corporation is amended in accordance with the aforementioned expenditure. 3. The City of Wichita Falls is authorized to intervene in the competitive renewable energy zone proceeding that will be filed with the Texas Public Utilities Commission concerning the location of electric transmission lines in the vicinity of Sheppard Air Force Base. PASSED AND APPROVED this the 2nd day of March, 2010. �, ��_ MAYOR ATTEST: C y Clerk