HomeMy WebLinkAboutResolution - 041273D - Purchase 2 Fuel Tanks & Lease Agreement - UTPC - Lot 2, Marnel's Industrial Add - 04/12/1973Dy/2173 tJ
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RESOLUTION
WHEREAS, the City Council has determined that it would be its the lost
Interest to secure additional storage facilities for fuel for Lubbock Power EKY
Light, and
WHEREAS, Union Texas Petroleum Company has offered to sell two steel
tanks to the City of Lubbock and lease the land where such tanks are located; NOW
THEREFORE:
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the Right of Way Agent of the City of Lubbock be and Is hereby author -
#zed to offer on behalf of the City of Lubbock the sum of $75, 000.00 to Union Texas
Petroleum Company for the purchase of two 1, 400, 000 gallon carbon steel tanks
along with all necessary piping, valves, electrical switchgear, tank car and truck
loading and unloading systems, complete with piping, hoses and pumps and other
equipment composing the entire terminal facilities of such company, and
THAT the Mayor of the City of ,Lubbock is hereby authorized to execute on
behalf of the City of Lubbock a lease agreement with Union Texas Petroleum
Company for the lease of the lend on which said tanks and equipment are located,
situated on Lot Z, Marnel's Industrial Addition, City of Lubbock, Texas, a copy
of such lease agreement attached herewith which shall be spread upon the minutes
of this Council and shall constitute and be a part of this Resolution as if fully copied
herein In detail.
Passed by the City Council this 12 day of f APR it I 1875.
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MORRIS W. TURNER; 11TOR
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ATTEST:
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Lavenia Lowe, City Secretary -Treasurer
APPROVED AS TO FORM:
Fred O. Senter, Jr., City Attorney