Res 144-2017 11/7/2017Resolution No. _144-2017__
Resolution approving the programs and expenditures of the Wichita
Falls Economic Development Corporation (WFEDC) and amending
the budget to include up to $1,500,000 of proposed incentives to
Sheppard Air Force Base for the Sheppard Air Force Base
Installation Main Gate Upgrades Project
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 October 10, 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 for the Sheppard Air Force Base
Installation Main Gate Upgrades Project , as described below and in said
corporation’s agenda, are approved:
Grant in the amount of $1,500,000 for the Sheppard Air Force
Base Installation Main Gate Upgrades Project .
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 7th day of November, 2017.
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M A Y O R
ATTEST:
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City Clerk