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HomeMy WebLinkAbout8101 - Purchase of Crude OilC RESOLUTION NO. 8101 A RESOLUTION OF THE CITY COUNCIL OF NEWPORT BEACH AUTHORIZING THE OF AN AGREEMENT BETWEEN THE CITY BEACH AND ARMOUR OIL COMPANY FOR OF CRUDE OIL AND TERMINATING THE AGREEMENT BETWEEN THE CITY OF NE1 AND CARSON OIL COMPANY OF THE CITY EXECUTION OF NEWPORT THE PURCHASE EXISTING VPORT BEACH WHEREAS, there has been presented to the City Council of the City of Newport Beach a certain contract between the City of Newport Beach and Armour Oil Company for the purchase of crude oil; and WHEREAS, the City Council has considered the terms and conditions of said contract and found them to be fair and equitable; and WHEREAS, it is desirable and necessary to terminate the crude oil purchase agreement which presently exists between the City of Newport Beach and Carson Oil Company; NOW, THEREFORE, BE IT RESOLVED that said contract above described is approved.; and the Mayor and City Clerk are hereby authorized and directed to execute the same on behalf of the City of Newport Beach; BE IT FURTHER RESOLVED that the City Clerk is hereby authorized and directed to forward a written notice to Carson Oil Company terminating, as of October 31, 1973, its crude oil purchase agreement with the City of Newport Beach. ADOPTED this 24th day of September , 1973. ATTEST: IED AS OR AL CLERK OF THE CITY OF NEVCORT BEACH OCT 12 1973' ®ama . d.._._ .................. _ ................. .... DRB:mh 9/18/73