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RESOLUTION NO. 8732
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF NEWPORT BEACH AUTHORIZING THE
MAYOR AND CITY CLERK TO EXECUTE AN AGREE-
MENT BETWEEN THE CITY OF NEWPORT BEACH
AND KERN COUNTY REFINERY, INC. FOR THE
PURCHASE OF CRUDE OIL, AND AUTHORIZING
THE TERMINATION OF THE EXISTING AGREEMENT
BETWEEN THE CITY OF NEWPORT BEACH AND
GOLDEN EAGLE REFINING COMPANY, INC.
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 Kern County Refinery, Inc., for the
purchase-of crude oil; and
WHEREAS, the City Council has considered the terms
and conditions of said agreement and found them to be fair
and equitable; and
WHEREAS, the presently existing contract regarding
the purchase of crude oil with Golden Eagle Refining Company
will terminate since Golden Eagle Refining Company has given the
City of Newport Beach a thirty day notice of cancellation,
effective March 31, 1976; and
WHEREAS, it is desirable and necessary to terminate
said agreement.
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 written notice to
Golden Eagle Refining Company that its agreement with the City
of Newport Beach is terminated effective March 31, 1976.
ADOPTED this 22nd day of March , 1976
ATTES
City Clerk(/
r F D AS INC ORIGINAL
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CITY CLERK OF T CITY CF NN -WrORT #ACH
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3/18/76