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HomeMy WebLinkAboutRES 890217 - Amend Jet Fuel Tank AirportRESOLUTION RESOLUTION APPROVING r TO THE LEASE AGREEMENT BETWEEN THE CITY OF •- •TEXAS, AND BOBBY G. STANTON, DATED JANUARY 16, 1979 AND ASSIGNED TO aLi aC STAN ­ TON, PRESIDENT)ON . t 1979, PROVIDE FOR STANTON'S PARTICIPATION IN THE COST OF A JET FUEL TANK 1 FUEL DISPENSING MUNICIPALAIRPORT AND AUTHORIZINGa TO EXECUTE SAME AND THE CITY SECRETARY O ATTEST. WHEREAS, the City Council (the "Council") of the City of George town, Texas, did include in the City's 1988-89 Budget certain funds for the installation of a jet fuel tank and fuel dispensing system at the Georgetown Municipal Airport; and WHEREAS, Bobby G. Stanton desires to participate with the City in the cost of this installation by transferring $10,000.CO in develop- ment fee credits he received from the City to the Airport Fund subject to the execution of this Lease Amendment and subject to Council approval of the transfer of the development fee credits; and WHEREAS, the parties agree that the Amendment to the Lease is mutually beneficial to each; and WHEREAS, the Council has found this action implements Facilities and Services Policy I, Goal E, Short Range Objective 2, and Long Range Objective I of the Century Plan -Policy Plan Element, and is not found to be in conflict with any other Century Plan Policy, as required by Section 2.03 of the Administrative Chapter of the Policy Plan. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GEORGETOWN, TEXAS; . �* recitedAll the facts in the preamble to this Resolutionhereby found by the council to be true and correct and are incorporated by reference herein i.." :.lam a part hereof,as 'i• e•. herein SECTION II That the Council approves the Lease Amendment to provide for Serenada Tennis, Inc. to participate in the cost of the jet fuel facility, such Amendment is attached hereto and incorporated herein. SECTION III That the Council authorizes the Mayor to execute and the City Secre- tary to attest. PASSED AND APPROVED THIS DAY OF _YLI�, 1989. v Tim Kennedy, MO ! r K Let�i Willoughby, City Seqetary x) Call (ander, City Attorney