Report to Mayor and City Council
Tuesday, September 18, 2018
Consent
SUBJECT:
Title
CONSIDER ADOPTING TWO MATTERS RELATED TO THE ASSIGNMENT OF PIPELINE FRANCHISES TO THE PBF HOLDING COMPANY LLC:
(1) ORDINANCE NO. 18-1816, AN ORDINANCE OF THE CITY OF CARSON, CALIFORNIA, CONSENTING TO THE ASSIGNMENT OF THE MOBIL PACIFIC PIPELINE COMPANY PIPELINE FRANCHISE GRANTING A PUBLIC UTILITY PIPELINE FRANCHISE TO PBF HOLDING COMPANY, LLC & AMENDING ORDINANCE NO. 95-1060;
(2) ORDINANCE NO. 18-1817, AN ORDINANCE OF THE CITY OF CARSON, CALIFORNIA, CONSENTING TO THE CONSOLIDATION AND ASSIGNMENT OF THE EXXONMOBIL OIL COMPANY PIPELINE FRANCHISES GRANTING A NONPUBLIC UTILITY PIEPLINE FRANCHISE TO PBF HOLDING COMPANY, LLC & REPEALING ORDINANCE NO. 00-1201 & AMENDING ORDINANCE NO. 04-1309 (CITY COUNCIL)
Body
I. SUMMARY
In 2015, the PBF Holding Company ("PBF") entered into a purchase and sale agreement with ExxonMobil Oil Corporation and Mobile Pacific Pipeline Company for the transfer of certain assets to PBF, including a public utility pipeline franchise and two (2) nonpublic utility pipeline franchises. The City will consider consenting to the transfer and assignment of such oil pipeline franchises for PBF. In doing so, PBF has agreed to increased pipeline franchise fees subject to an annual CPI for the fifteen year term as well as additional insurance requirements.
II. RECOMMENDATION
Recommendation
TAKE the following actions:
1. INTRODUCE for first reading Ordinance No. 18-1816 entitled "ORDINANCE NO. 18-1816, AN ORDINANCE OF THE CITY OF CARSON, CALIFORNIA, CONSENTING TO THE ASSIGNMENT OF THE MOBIL PACIFIC PIPELINE COMPANY PIPELINE FRANCHISE GRANTING A PUBLIC UTILITY PIPELINE FRANCHISE TO PBF HOLDING COMPANY, LLC & AMENDING ORDINANCE NO. 95-1060"; and
2. INTRODUCE for first reading Ordinance No. 18-1817 entitled "ORDINANCE NO. 18-1817, AN ORDINANCE OF THE CITY OF CARSON, CALIFORNIA, CONSENTING TO THE CONSOLIDATION AND ASSIGNMENT OF THE EXXONMOBIL OIL COMPANY PIPELI...
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