Res 064-2017 4/18/2017Resolution No. _64-2017__
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include up to $185,000 for 12 months of estimated
expenses related to a building owned by the WFEDC at 2801
Production Blvd., (formerly known as the Stanley Tools Building)
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 March 30, 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:
Operating Expenses for Facilities Located at 2801 Production Blvd.,
(Formerly the Stanley Tools Facility) in the amount up to $185,000.
2. The current fiscal year budget of the WFEDC is amended to provide for the
aforementioned expenditures and changes thereto.
PASSED AND APPROVED this the 18th day of April, 2017.
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M A Y O R
ATTEST:
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City Clerk