HomeMy WebLinkAboutReso. 1981 - 007 - Approving airport loan agreement no. sha-2-80-l-1 and no. sha-3-80-l-1 providing for state loans to cover the cost of construcion �. - l' ' - . ..,.
= RESOLUTION NO. �/ -
A. RESOLUTION OF THE `CITYCOUNCIL OF. THE CITY OF, REDDING
' ` APPROVING :AIRPORT LOAN AGREEMENTS NO. SHA-2-80-L-1 AND
NO -SHA: 3-''80-L-1; PROVIDING FOR STATE LOANS TO COVER THE
COST OF' CONSTRUCTION OF T-HANGARS AT REDDING MUNICIPAL
AIRPORT••AND BENTON AIRPARK, AND AUTHORIZING' THE MAYOR TO
EXECUTE :SAID AGREEMENTS ON BEHALF OF THE CITY
WHEREA ,
S ,• Cal:ifornia :Airport Loan. Agreements No.: Sha-2- i .
80-L-1 and No:; Sha-3-80 -L-1 provide for two State loans to the City
of Redding, in the .`sum: of .:$.121.0 ,000. 00. each, ::to cover the cost of
construction of ten. T-hangar units at each of Redding' s Airports, and
:WHEREAS.;: it appears in the best interests of the City
. of Redding:.,and its; citizens to approve said ':Agreements as submitted
by the;;State of California Department of Transportation, so =that _
the subject loan:-:funds may be obtained and the projects completed,
NOW, :`THEREFORE, BE IT ,RESOLVED that the City Council of
the.,.0r
ity of Redding hereby approves Airpot 'Loan. Agreements No.. -
SY a 2--80 L-1 acid No. Sha-3-80-L-1, providing . for State' loans to
cover the cost.,of.:.construction of T-hangars at Reddi.ng Municipal
- I Airport and Benton Airpark, and authorizes the Mayor 'to execute -
said Agreements on behalf of the City. -
• I'- HEREBY CERTIFY that the foregoing. Resolution was intro-
duced and read at a regular meeting of the City Council Of the
. City of Reading on the 5th day of January •., • 1984i; -and- was duly
-;:- adopted a:tt'�said meeting by the following vote
AYES:`.-. COUNCILMEN` 'Demsher, Ful ton', Gard, Ki rkpatri Ck, and Pugh -
-NOES: COUNCILMEN None „,,,,-.a-',1.-------„.-
,ABSENT. COUNCILMEN• -None .- --":'
,.�,,” •'''...-:;-<:
-
=1`aHE'- ..UGH..
yor �.-`the City of Reading
.- �+I L�RED B;RAY�T N.,, ty C he r k
FORM. APPROVED: -z s
RAN ALL A. HAYS,. =City. A orney -.. _. -