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or <br />A discussion followed of possible locations for the jet fuel tank, the <br />fire inspector's 7/1/80 deadline for burying the tank, and alternatives <br />for storage and transport of jet fuel. <br />The Board asked Mr. Collier to research and present at the July Board <br />meeting the costs, regulations and personnel adjustments for each alternative: <br />(1) The purchase or lease of a truck to transport fuel from an above- <br />ground tank to jets and helicopters. <br />(2) Burying the jet fuel tank in a permanent location that meets FAA <br />regulations, as well as state fire inspection standards. <br />New Business: <br />1. Discuss aviation fuel prices and margins. <br />There is no legal limit on profit margins for sale of aviation fuel according <br />to Collier. Cox Field prices are 30(,� to 40(,,, less than other nearby airports <br />and is attracting planes from Texarkana, Tulsa etc. for refueling :present <br />Airport fuel sale margins are 20t on 80 Octane, 20r,% on 100 Octane artd 24q, <br />on jet fuel. Allie O'Brien moved that the Airport Board recommend that the <br />City Council raise the margins on all three grades of fuel to 25(� per gallon <br />with fluctuations according to cost changes. There was no second to the <br />motion. <br />