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HomeMy WebLinkAbout8172 - Purchase of Crude OilRESOLUTION NO. 8172 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH AUTHORIZING THE MAYOR AND CITY MANAGER TO NEGOTIATE AN AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND AN APPROPRIATE OIL COMPANY FOR THE PURCHASE OF CRUDE OIL, AND AUTHORIZING THE TERMINATION OF THE EXISTING AGREEMENT BETWEEN THE CITY OF NEWPORT BEACH AND CARSON OIL COMPANY WHEREAS, on December 17, 1973, the City Council of the City of Newport Beach voted to authorize the Mayor and City Manager to negotiate and enter into an agreement with an oil company for the purchase of the City's crude oil; and WHEREAS, there presently exists a crude oil purchase agreement between the City of Newport Beach and Carson Oil Company; and WHEREAS, the City Council has determined that it may be desirable and necessary to negotiate a new agreement with an appropriate oil company and thereafter terminate the existing agreement with Carson Oil Company; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Newport Beach that the Mayor and City Manager are hereby authorized to negotiate and execute an agreement with an appropriate oil company for the purchase of the City's crude oil and to terminate the existing agreement between the City and Carson Oil Company. ADOPTED this 17th day of December, 1973. . Ma�b��� ATTEST: , City 'Clerk CE IED AS THE O AL ITY CLEW OF THE CITY OF NZV .T BEACH DEC 21 1973 DATE mh 12/18/73