HomeMy WebLinkAboutResolutions 87-261 N.C.S. 08/31/1987Resolution No. 87-261 N.C.S.
of the City of Petaluma, California
AUTHORIZE FINANCING OF AIRPORT HANGARS
THROUGH ABAG "PEARL" PROGRAM
BE IT RESOLVED:
1. The City Council authorizes entering into an agreement with the
Association of Bay Area Governments to participate in their "PEARL"
program (1987 $55,000,000 ABAG Lease Revenue Bonds -Pooled Projects)
to finance the construction of Airport Hangars; and,
2. The City Council authorizes the City Manager to execute all documents in
connection with said agreement; and,
3. In the event any construction is completed prior to execution of said
agreement, the City Council authorizes reimbursement of the costs of
such construction through participation in the PEARL Program; and,
4. The City Manager or Finance Director shall designate items which shall
be so reimbursed.
Under the power and authority conferred upon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the A proved as to
Council of the City of Petaluma at a (Regular) ( )meeting °
reso .cap . egpmnt on the ..-31s~ ............. day of ...-.....AtU~~..................................., 19..$x., by the
david following vote: .....-•-- ----------•---••--•----•-•-•----•
'ty Attorney
AYES: Sobel, BaLshaw, Cavanagh , Davis, Tencer, Vice Mayor Woolsey
NOES: 0
ABSENT: Mayor ~go
ATTEST : ...... ....... ......... . •--- .. ..- '~•~~-~~`=!k-~--......
City Clerk
CA 10-SS
Council File ....................................
Kes. No........p7.-.261..... N.C.S.