Res 029-2017 2/21/2017Resolution No. _29-2017_
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include up to $200,000 to repair the electrical system at
the former Stanley Tools facility
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 February 16, 2017, the WFEDC 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 Economic Development Corporation ’s approval and funding
of the following programs and expenditures as described below and in said
corporation’s agenda, are approved:
Electrical Repairs at the Former Stanley Tools Facility in the amount
up to $200,000.
2. The current fiscal year budget of t he WFEDC is amended to provide for the
aforementioned expenditures and changes thereto.
PASSED AND APPROVED this the 21st day of February, 2017.
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M A Y O R
ATTEST:
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City Clerk