HomeMy WebLinkAboutResolution 97-125 05/19/1997 RESOLUTION NO. s7-1z5 N.C.S.
1 of the City of Petaluma, California
2
3 RESOLUTION AUTHORIZING THE CITY MANAGER OR MAYOR TO APPLY FOR AND
4 .ACCEPT A LOAN OF $50,000 FROM THE STATE OF CALIFORNIA AERONAUTICAL
5 PROGRAM LOAN FUND FOR UPGRADING THE AIRPORT AVIATION FUEL SYSTEM
6
7
8 WHEREAS, jet fuel sales are now of sufficient volume to justify large volume purchases;
9 and
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11 WHEREAS, our costs will be reduced and our margin increased by handling larger
12 volumes; and
13
14 WHEREAS, investment costs will be recovered through fuel sales in a reasonable time;
15 and
]6
17 WHEREAS, product quality and therefore safety considerations will be improved by
18 adding an additional filtering step; and
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20 WHEREAS, the Airport will be able to improve its price competitiveness for jet fuel.
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22 NOW, THEREFORE, BE IT RESOLVED that the City Council authorizes the Mayor or
23 City Manager to apply for and accept a fuel system upgrade loan from the State of California in
24 the amount of $50,000.
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26 reso97/kc
Under the power and authority cronfermdupon this Council by the Charter of said City.
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of the City of Petaluma at a (Regular) (~djb58$EffiYj meeting form ,~,,pp'-'-
on the .._l`3..th.......__. day of ..........-_11!I~Y 19._97, by the ~ /L. -1~
following vote: ll.........
City Attorney
AYES: Keller; Stompe, Torliatt, Maguire, Mayor Hilligoss
NOES: None
Y y
ABSENT: e ice Mayor H
ATTEST:
City Clerk Ma or
Cowcil Filnn
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