HomeMy WebLinkAboutResolution 96-239 08/05/1996Resolution No. ss-Z39 N.C,S.
of the Citv of Petaluma, C~liforni~
RESOLUTION AUTHORIZING THE C1TY MANAGER OR MAYOR TO APPLY FOR AND
ACCEPT A LOAN OF $'S75000FROMTHE STATE OF CALIFORNIA, AERONAUTICAL
PROGRAM LOAN FUND FOR BUILDING HANGARS AND INSTALLING ASELF-SERVE
FUEL SYSTEM AT THE PCTALUMA MUNICIPAL AIRPORT
1 WHEREAS, there is a continuing demand for more hangar space at the Airport; and
2
3 WHEREAS, City owned rental hangars are our best source of net revenue in the long
4 run; and
5
6 WHEREAS, appropriate Airport land is available for-such use; and
7
8 WHEREAS, a self-serve fuel system will reduce costs and increase net income; and
9
10 WHEREAS, economical loN~ interest loan funds are available for such use from the
i 1 State; and
12
13 WHEREAS, income from oui' hangar program and fuel sales is sufficient to retire the
14 loan;
IS
16 NOW. TI-[EREFORE, BE IT RESOLVED that the City Council authorizes the City
17 Manager or Mayor to apply for and accept a hangar construction and self-serve fuel system
18 construction loan from the State of California in the amount of $975,000
m t-c:\wi nword\reso 9 G97. doe
Under the power and authority conferred upon thisCouncil by the Charter of said City
REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to
Council of theCity of Petaluma at a (Regular) Q14@jdi#S3F1~XQ$p0Ed4[Tf meeting form
on the ----5th .............. daY of-'--..............E~.UgJ.1SS......................:..., 19---9-6 by the ~ /~`~
following vote: .._.....-...._...........
City Attorney
AYES: Maguire, Hamilton, Read, Shea, Vice Mayor Stompe, Mayor Hilligoss
NOES: None
ABSENT: Barla
ATTEST : ....................... ... ............ .-----~...~..../...----..........
City Clerk
cn io-ns
Cbwcil File...
ass. N~,.....9.1i-.239........ ors.