Subject: 19207/Payment-Chatt Metro Airport Authority/E.Metro Express Site
Date: Mon, 14 Oct 1991 10:20:00 -0500


                               RESOLUTION NO. 19207
                  
                  
                   A RESOLUTION AUTHORIZING PAYMENT OF
                   ONE-FOURTH (1/4) OF THE EXPENSE FOR
                   ADDITIONAL ENVIRONMENTAL TESTING AT THE
                   EASTERN METRO SITE AND AUTHORIZING THE MAYOR
                   TO EXECUTE AN AGREEMENT BETWEEN CONSOLIDATED
                   COKE, INC. AND THE CHATTANOOGA METROPOLITAN
                   AIRPORT AUTHORITY WHEREIN THE CITY IS A
                   GUARANTOR.
                  
                                                    
                  
       	    	 BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
       CHATTANOOGA, TENNESSEE, That the City of Chattanooga be and is
       hereby authorized to reimburse the Chattanooga Metropolitan
       Airport Authority (CMAA) for one-fourth (1/4) of the cost of
       environmental testing, which is estimated to be $3,375.00, with
       one-half (1/2) of the remainder being paid for by the Trustee in
       Bankruptcy of Metro Express, Inc. and one-fourth (1/4) being paid 

       by the Chattanooga Metropolitan Airport Authority (CMAA), with 
the
       City's share of payment to be borrowed from the Contingency Fund.
       	    	 BE IT FURTHER RESOLVED, That the Mayor be and is hereby
       authorized to execute an Agreement between Consolidated Coke, 
Inc.
       and the Chattanooga Metropolitan Airport Authority wherein the
       City shall act as guarantor of the obligations of the CMAA and in 

       particular with regard to holding harmless and indemnifying
       Consolidated Coke, Inc. with respect to possible environmental
       pollution at the site.
       ADOPTED:  October 22, 1991   
      
       MAM:cjc