City Council

8. FULLERTON FLIGHT CENTER RENOVATION PROJECT LOAN FINANCING\nProposed Motion:\n1. Approve $1,300,000 interfund loan with 3.989% interest rate from General Fund to\nAirport Enterprise Fund.\n2. Authorize City Manager, or designee, to submit application, negotiate financing\nterms, execute, deliver, implement and accept approved loan and carry out terms of\nthe $1,300,000 Caltrans Airport Development Loan Program financing.\n3. Authorize City Manager, or designee, to make budget transfers and adjustments to\nestablish and repay both loans.