LA County Board

65. Hearing on Hecate Grid Humidor Storage 1 LLC Electrical Transmission\nFranchise Ordinance\nRevised hearing on ordinance for adoption granting an electrical transmission\nfranchise to Hecate Grid Humidor Storage 1 LLC, a Delaware limited liability\ncompany (Franchisee), to conduct and transmit electricity for a period of 35\nyears, beginning on December 26, 2024 November 28, 2024, and expiring on\nDecember 25, 2059 November 27, 2059, the base annual fee payable to the\nCounty by Franchisee will be determined according to a formula contained in\nSection 2 of the ordinance, and with the Franchisee to also pay a granting fee\nof $10,000 (5). (Department of Public Works) (Continued from the meeting of\n10-29-24) (24-4386)\nRevised Ordinance\nV. SPECIAL DISTRICT AGENDA\nSTATEMENT OF PROCEEDINGS FOR THE MEETING OF\nTHE LOS ANGELES COUNTY\nDEVELOPMENT AUTHORITY\nTUESDAY, NOVEMBER 26, 2024\n9:30 A.M.