Weatherford Democrat

Top News

September 20, 2013

WEDA taking steps toward becoming city department

By BRIAN SMITH

Officials gave an update on making the Weatherford Economic Development Authority a city department at a Thursday WEDA board meeting.

WEDA Executive Director Dennis Clayton said becoming a city department, which was approved by the city council earlier this year, will take effect Oct. 1 with the start of the new fiscal year. The non-profit business corporation should wrap up its commitments in 30-60 days. Clayton said once that is complete, papers to dissolve the corporation will be filed with the Secretary of State’s office. Within three to five months after that, a report will be filed with the IRS that the corporation has been dissolved.

Clayton said at present there is roughly $70,000 in the corporation fund balance, which will drop because of one more month of payroll. According to a staff report, the remaining funds will be deposited into the city’s general fund. Clayton submitted his budget to city officials and saw about $50,000 of it cut by eliminating his administrative assistant, which Clayton said he had been doing without since February. The annual WEDA budget now stands at $185,254.

Board member Ken Davis asked if there will be a final audit of the corporation, and Clayton said he would look into doing one. Assistant City Manager Sharon Hayes said the city will start its audit process in the coming weeks and encouraged WEDA to have one done.

In other activity, board members approved spending $5,000 for a new aerial map of the city, which is done every three years. Clayton said 300-500 maps are printed and distributed to prospective relocating companies and existing businesses to aid with economic development.

The board also named Weatherford Regional Medical Center CEO David Orcutt to its Business Leadership Committee, which the former hospital CEO also sat on. Clayton, who chairs the board of the WRMC, said having the CEO of one of the city’s largest employers is important.

1
Text Only
Top News
Must Read
Top News
House Ads
AP Video
Courts Conflicted Over Healthcare Law Holder Urges Bipartisanship on Immigration Raw: Truck, Train Crash Leads to Fireball US Airlines Cancel Israel Flights Obama Signs Workforce Training Law Crash Victims' Remains Reach Ukraine-held City Diplomatic Push Intensifies to End War in Gaza Obama Offers Condolences at Dutch Embassy Cat Fans Lap Up Feline Film Festival Raw: Lawmakers Scuffle in Ukraine's Parliament The Rock Finds His Inner 'Hercules' Michigan Plant's Goal: Flower and Die Raw: MH17 Passenger Remains in Kharkiv, Ukraine Raw: Israel Hits Gaza Targets, Destroys Mosques Veteran Creates Job During High Unemployment New Orleans Plans to Recycle Cigarette Butts
Poll

The City of Weatherford is considering an ordinance that would ban smoking inside restaurants and enclosed areas where food is prepared, sold or consumed. Do you agree with this proposal?

Yes
No
Undecided
Don't care
     View Results