Title
FULLERTON FLIGHT CENTER RENOVATION PROJECT LOAN FINANCING
Recommendation
Proposed Motion:
1. Approve $1,300,000 interfund loan with 3.989% interest rate from General Fund to Airport Enterprise Fund.
2. Authorize City Manager, or designee, to submit application, negotiate financing terms, execute, deliver, implement and accept approved loan and carry out terms of the $1,300,000 Caltrans Airport Development Loan Program financing.
3. Authorize City Manager, or designee, to make budget transfers and adjustments to establish and repay both loans.