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Res 100-2010 9/7/2010 RESOLUTION NO. 100-2010 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, TExas 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: Lake Wichita Improvements Project, which will provide for bank fishing improvements, an observation platform, signage for park areas (interpretation stations), and pier improvements, in the total amount of $85,000. Wichita Theatre Performing Arts Center Renovation - Remodeling Project, which will provide for modifications to the Wichita Theatre Performing Arts Center in the amount of $46,000. 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 7t" day of September, 2010. C��.. �o..�— MAYOR ATTEST: , � C ty Clerk