20-9843
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
What this record is
- Held by
- Venture, Inc
- Amount
- $3.00M
- Runs until
- February 27, 2021 already ended date calculated from a contract term stated in the record, not quoted directly
- Type
- contract
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Read automatically from the title of the official record. The source document below is authoritative.
- Committee
- Finance
- Introduced
- February 27, 2020
- On agenda
- March 17, 2020
- Passed
- March 17, 2020
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