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Ord 025-2003 4/1/2003ORDINANCE NO. -aL)03 ORDINANCE MAKING AN APPROPRIATION IN THE HOLT HOTEL PROJECT IN THE AMOUNT OF $30,000 AUTHORIZING THE CITY MANAGER TO EXECUTE A GRANT CONTRACT WITH THE TEXAS HISTORICAL COMMISSION; FINDING AND DETERMINING THAT THE MEETING AT WHICH THIS ORDINANCE WAS PASSED WAS OPEN TO THE PUBLIC AS REQUIRED BY LAW. WHEREAS, the project proposed by the Holt Restoration Corporation is the restoration and renovation of residential units on the upper floors and commercial space on the ground floor; and WHEREAS, this project will provide an improvement to the downtown area, encourage additional investment in the reinvestment zone and place the property back on the tax roll at a substantial increase. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF WICHITA FALLS, TEXAS, THAT: SECTION 1. The City Manager is authorized to execute contract documents with the Texas Historical Commission for a special project grant of $30,000.00 and such funds are appropriated to assist the Holt rehabilitation effort. SECTION 2. It is hereby officially found and determined that the meeting at which this ordinance was passed was open to the public as required by law. PASSED AND APPROVED this the 1st day of April 2003. ATTEST: k�CA , 1) L h')!gD City Clerk