Assignment of contract for motor fuels from Martin Eagle Oil Co. to U.S. Oil, a division of U.S. Venture, Inc. in the amount of $3,000,000 annually through a master interlocal agreement with Tarrant County for one year with the option to renew for one additional one-year period, totaling $6,000,000 if all renewal options are exercised; and authorize the City Manager to execute the renewal options with aggregate price fluctuations of the lesser of up to $50,000 or 25% of the original maximum price so long as sufficient funding is appropriated by the City Council to satisfy the City's obligation during the renewal terms

Agenda Item Consent Agenda Introduced February 27, 2020

What this record is

Held by: Venture, Inc
Amount: $3.00M
Runs until: February 27, 2021 already ended calculated from the contract term stated in the record
Type: amendment

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