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Committee forwards new five‑year city fuel contracts (diesel and gasoline) with contingency for market volatility
Summary
The Budget and Finance Committee voted to forward two resolutions approving five‑year contracts (with up to three one‑year extensions) for diesel fuel with Golden Gate Petroleum (NTE $195 million) and gasoline with Pacific Coast Petroleum (NTE $93 million), derived from four‑year historical spend projections plus a 20% contingency.
The Budget and Finance Committee on Oct. 1 voted 2-0 to forward two resolutions approving competitive five‑year contracts, with up to three one‑year extension options, for city fuel supplies: a diesel contract with Golden Gate Petroleum with a not‑to‑exceed (NTE) value of $195,000,000, and a gasoline contract with Pacific Coast…
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