Res 089-2016 9/6/2016Resolution No. _89-2016__
Resolution approving the programs and expenditures of the Wichita
Falls 4B Sales Tax Corporation Board of Directors and amending the
budget to include funding up to $30,000 for Half Pint III, LLC to install
a fire suppression system at 817 Ohio as part of a redevelopment
project in the Central Business District
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 August 26, 2016, the Wichita Falls 4B Sales Tax Corporation
(4BSTC) 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 4B Sales Tax Corporation’s approval and funding of the
following programs and expenditures , in a total amount not to exceed $30,000 as
described below and in said corporation ’s agenda, is approved:
Fire Suppression System Assistance for 817 Ohio in the amount of $30,000.
2. The current fiscal year budget of the 4B Sales Tax Corporation is amended
to provide for the aforementioned expenditures and changes thereto.
PASSED AND APPROVED this the 6th day of September, 2016.
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M A Y O R
ATTEST:
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City Clerk