HomeMy WebLinkAboutResolutions 87-355 N.C.S. 12/21/1987resolution No.~s:_ N.C.S.
of the City of Petaluma, California
ACCEPTANCE OF STATE
LOAN FOR PETALUMA MARINA
vJl-IEREAS, the City Ccuncil of the City of Petaluma by
adoption of Resolution Ir;e. 86-110 did request a small craft
harbor loan from the California Department of Boating and
Waterways; and
WHEREAS, the Boating and Waterways CommissSon did
authorize a loan in the amount of X3,960,000.00 to finance
the design and constructian of such a harbor; and
WHEREAS, the City of Petaluma shall provide for any
desigr-~ and construction costs in excess of the ~3,9bO,OOO.OO
loan; and
WHEREAS, the City of Petaluma shall operate and
maintain the smmall craft harbor; and
WHEREAS, the City of Petaluma shall pay the costs of
operating and maintaining such small craft harbor from any
source of revenues available to it in the event harbor
revenues, after deduction for loan payment, prove
insuffir.ient to do so.
NOW, "THEREFORE, BE
City of Petaluma by the
accepts a X3,460,000.00
and Waterways upon the
contract dated November
or City Manager to sign
IT RESOLVED, the City Council of 'the
adoption of this Resolution, hereby
loan from the Department of Baating
=and1tl01'1S stipulated by the load
23, 198'7, and authorizes the Mayor
such contract.
Under the power and authority conferred upon this Council by the Charter of said City.
_ ~,,, .
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the .~Approv d s
Council of the City of Petaluma at a (Regular) (E~~(Ii~l) meeting fO
on the ....21.s~.-...-..... day of _..-.......A~.c~mb~x ............................ 19.7.., by the `~
following vote:
ity ttorney
AYES: Sobel, Balshaw, Cavanagh, Davis, Tencer, Vice Mayor Woolsey, Mayor Hi igoss
NOES: D
ABSENT: ~
ATTEST: - '}!i~i~{~~. ..:...........................-...-----....-..--....._-. ~~~ .......- .-........-•----•-----. .. .-------..
City Clerk Mayor
Council File ....................................
CA 10-55 Res. No. .... 8.~....3.rj. .5 ...... N.C.S.