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The City owns a storage
tank at the airport dedicated to Jet A fuel.
Several months ago the pump on this tank stopped working and the fuel is
no longer usable in aircraft. This fuel
can be used as a substitute for off-road diesel and it does have value. The fuel has taken on water. At least two parties have shown interest in
acquiring the fuel. Because it has been
established the fuel has monetary value, it is an asset of the City and to dispose
of it, the Council has declared it an unneeded and/or unusable asset.
It is believed
there is currently 2,166 gallons of fuel in the tank. There will be approximately 100-650 gallons of
fuel completely lost because not all of it can be pumped out using the tanks
electric pump. The person purchasing the
fuel must pay State sales tax of 6.5% to the City, which will then remit same
to the State. Purchaser will be required
to sign they understand the fuel has water in it and the City assumes no
responsibility for its use.