HomeMy WebLinkAboutMutual Liquid Gas & Equipment Company - Agreement - 4-17-2023VOI.uoiyiI CIIVCIOFIC IL/. OrU4G.70.7-L"JVlJ-4JVr-OOOC-OOC:lyl.,mmmLi.7f
AGREEMENT
THIS AGREEMENT is made and entered into as of this �� day of Ao ,
2023, between the City of Fresno, a California municipal corporation (CITY), and Mutual
Liquid Gas and Equipment Company, a California Corporation (CONTRACTOR).
RECITALS
WHEREAS, the California Air Resources Board (CARB) implements a low carbon
fuel standard aimed at reducing the full fuel -cycle, carbon intensity of the transportation
fuel pool used in California;
WHEREAS, the CITY participates in the Low Carbon Fuel Standard (LCFS)
program;
WHEREAS, the CONTRACTOR has sought to meet its obligations by purchasing
LCFS credits from the CITY;
WHEREAS, the parties seek an agreement to sell LCFS credits to the
CONTRACTOR; and
WHEREAS, this agreement is to be used by CARB to transfer credits from the
CITY to the CONTRACTOR as described herein.
AGREEMENT
NOW, THEREFORE, in consideration of the above recitals which are contractual
in nature, the mutual promises herein contained, and for other good and valuable
consideration hereby acknowledged, the parties agree as follows:
1. CITY and CONTRACTOR mutually agree that the CITY shall sell to the
CONTRACTOR 745 CA LCFS credits at $65 per credit, for a total lump sum payment of
$48,425 to the CITY.
2. CITY and CONTRACTOR mutually agree that this agreement is subject to
the successful sales transaction and credit review. In the event the CONTRACTOR is
unable to pay the lump sum of $48,425 to the CITY, the CITY reserves the right to reclaim
the 745 CA LCFS credits. In the event CARB denies the credit transaction, both parties
shall be held harmless and this agreement shall become null and void.
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IN WITNESS WHEREOF, the parties have executed this agreement at Fresno,
California, the day and year first above written.
CITY OF FRESNO
a Califgrn ►�eRynicipal corporation
By: Ci'u&�''� F"Pu 4/24/2023
Gregory` arfield
Interim Director of Transportation
Fresno Area Express
Transportation Department
APPROVED AS TO FORM
ANDREW JANZ
City A o.rp by:
By: A.wUt, b. �a� ifala. 4/24/2023
Jamie . Kalebjian Date
Deputy City Attorney
ATTEST:
TODD SIT'( ERMER, CMC
City Clrgredby:
By:Ftocu 4/24/2023
Date
Addresses:
CITY:
City of Fresno
Attention: Linda Taylor
Administrative Manager
2223 G Street
Fresno, CA 93706-1675
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MUTUAL LIQUID GAS AND
EQUIPMENT CO., a California Limited
Liability Corporation
By: A/-
Name:-'f/aJ A-
Title: 11jee-
i
Name:
Title: Z��,V _
(CFO/Secretary/Treasurer)
Contractor:
Mutual Liquid Gas and
17117 S. Broadway
Gardena, CA 90248
Equipment Co-