HomeMy WebLinkAboutResolutions 87-058 N.C.S. 03/02/1987Resolution No. 8?-58 1~1.C.s.
of the City of Petaluma, California
RESOLUTION AUTHORIZING LOANS
FOR AIRPORT HANGAR DEVELOPMENT
WHEREAS, the next phase of airport development includes revenue
generating hangars; and
WHEREAS, the City of Petaluma has no surplus city funds available to
finance the development of the hangars; and
NOW, THEREFORE, be it resolved the City Manager is authorized tc
make application to the State of California, Department of Transportation,
Division of Aeronautics for three loans as follows:
°Site Preparation for Development of T-Hangar Complex $280, 000.
°Construction of T-Hangars (Buildings 1 & 2) $300,000
°Construction of T-Hangars (Buildings 3 & 4) $320,000
BE IT FURTHER RESOLVED, the City Manager is authorized to sign on
behalf of the City of Petaluma all documents related thereto.
airport loans/ccreso
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 Appr s to
Council of the City of Petaluma at a (Regular) meeting form
on the ..- SeCOIId-..... day of ....... M?rGXI ....................................... 1~2...., by the
following vote: .. --...---•- •---• .....................
Attorney
AYES: Sobel, Woolsey, Cavanagh, Vice Mayor Tencer, Mayor Hilligoss
NOES: T
ABSENT:
ATTEST: -..
CA 10-85
Council Fileo..r.~ .................................
Res. No. .....o_rr._d.o.......... N.C.S.
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