(1) Adoption of a Resolution Granting a Five Year Extension of an Existing Oil Pipeline Franchise Agreement with ExxonMobil and (2) Adoption of a Resolution Declaring City Council s Intent to Grant an Oil Pipeline Franchise to ExxonMobil and Setting the Time and Place for the Related Public Hearing. City of Culver City California City Council Agenda Item Report Meeting Date: 01/28/08 AGENDA ITEM: (1) Adoption of a Resolution Granting a Five Year Extension of an Existing Oil Pipeline Franchise Agreement with ExxonMobil and (2) Adoption of a Resolution Declaring City Council s Intent to Grant an Oil Pipeline Franchise to ExxonMobil and Setting the Time and Place for the Related Public Hearing. Contact Person/Dept.: Nick Kimball Budget & Finance Fiscal Impact: Yes X No General Fund: Yes X No Phone Number: (310) 253 6013 Item Number: A 2 Public Hearing: Public Notification: Master Notification List (01/10/08); ExxonMobil (01/24/08) Action Item: Attachments: X Department Approval: Martin R. Cole (01/23/2008) Fiscal Impact Review: Jeff Muir (by M. Noller) (01/23/08) City Attorney Approval: Carol Schwab (by R. Miranda) (01/23/08) City Manager Approval: Jerry B. Fulwood (01/23/2008) RECOMMENDATION: Staff recommends the City Council adopt a resolution granting ExxonMobil s third five year extension and adopt a resolution declaring its intent to grant an oil pipeline franchise to ExxonMobil and setting the time and place for holding the related public hearing. BACKGROUND: ExxonMobil operates a 16 oil pipeline which carries San Joaquin Valley crude oil from the Grapevine area to ExxonMobil s Torrance refinery. A portion of this pipeline runs underneath Culver City for approximately 2.7 miles. Culver City originally authorized this pipeline when it granted a franchise to Mobil Oil in 1992. Mobil Oil subsequently became ExxonMobil which currently operates this pipeline. The initial term of the franchise was five years from 1992 to 1997. The franchise gave the pipeline owner the ...
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