Res 034-2010 3/2/2010 RESOLUTION NO. ��-I -�.� 1 �
Resolution Approving The Programs And Expenditures Of The
Wichita Falls 4B Sales Tax Corporation Board Of Directors, And
Amending The Budget Of Said Corporation To Account For These
Expenditures
WHEREAS, TExa,s Loca� Gov'T 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 4B Sales Tax Corporation
approved the projects 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 4B Sales Tax Corporation's approval and funding of the
following programs and expenditures, as described above and in said corporation's
agenda, is approved:
Castaway Cove Water Park Improvement Project —which will provide
for the payment of "costs" to repair and improve the Castaway Cove Water
Park, in the amount of $325,000
JefFerson School Gymnasium Project--which will provide for the
payment of the City's share of "costs" of Construction Management at Risk
and Architectural Services for the Wichita Falls Independent School
District's construction of the Jefferson School Gymnasium pursuant to the
Interlocal Cooperation Agreement between the City and Wichita Falls
Independent School District, providing for City's joint use thereof, in the
amount of $53,543
8 Street Downtown Intersection Improvements Project —which will
provide for the payment of "costs" to repair and improve intersections
along 8 Street at Lamar, Scott, and Indiana, in the amount of $1,000,000,
authorize the President of the 4BSTC to execute all documents necessary
to obligate the 4BSTC to the City for said funds
2. The current fiscal year budget of the Wichita Falls 4B Sales Tax Corporation is
amended in accordance with the aforementioned expenditure.
PASSED AND APPROVED this the 2nd day of March, 2010.
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MAYOR
A EST:
ity Clerk