HomeMy WebLinkAboutResolutions 86-110 N.C.S. 05/19/1986Res®lution No. 86-110 N.C.S.
of the City of Petaluma, California
AUTHORIZING THE MAYOR OR CITY MANAGER TO FILE A LOAN
APPLICATION AND SIGN A LOAN AGREEMENT
FOR THE DEVELOPMENT OF THE CITY OF PETALUMA MARINA PROJECT
WHEREAS, the State Department of Boating and Waterways provides
loans to cities, counties and districts for the development of small craft
harbor facilities; and,
WHEREAS, the City of .Petaluma is desirous of developing the proposed
boating facilities to meet the needs of the boating public in the surrounding
area; and,
WHEREAS, the City of Petaluma has conducted a feasibility study
which showed the proposed project to be engineeringly and financially
feasible and economically justified; and,
WHEREAS, the City of Petaluma understands that the marina berthing
facilities may be operated by the City or privately if the concessionaire
develops the berths and this option was analyzed and considered in the
decision-making process.
NOW, THEREFORE, BE IT RESOLVED, the City Council of the City of
Petaluma by the adoption of this Resolution, hereby requests a loan from
the Department of Boating and Waterways in the amount of $3, 960, 000.00 for
the development of the City of Petaluma Marina project.
BE IT FURTHER RESOLVED that the City agrees to accept the loan
and hereby authorizes the Mayor or City Manager to sign the loan
agreement and accept the loan for the aforesaid purpose.
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
Council of the City of Petaluma at a (Regular) (Adjolrrn~d}-{Spe~iarY) meeting
on the ....19.~h.-.-..... day of ...--------May----------------------•--.............., 1986.., by the
following vote: ----
AYES: SOBEL , CAVANAGH , DAMS , WOOLSEY , TENCER , VICE-MAY
BALSHAW, MAYOR MATTEI
NOES: _p_
ABSENT: -O-
ATTEST: .----- •---..-- ... ........................... . .............................
City Clerk
w!,
Mayor
Council File ....................................
CA 1085 Rcs. No. .......86.-. ~.lr.o N.C.S.