City Council

8.2\nCONSIDER THE RENEWAL OF TORRANCE PIPELINE COMPLANY, LLC, PIPELINE\nFRANCHISE; INTRODUCTION OF AN ORDINANCE FOR FIRST READING\nESTABLISHING THE FRANCHISE\nComments:\nConduct public hearing and consider the approval of an Ordinance Granting a new\nfranchise agreement to Torrance Pipeline Company for a 10 year term to an existing Oil\nand Gas Pipeline system." (CD)\nRecommendation:\nStaff recommends that the City Council:\n1. Open the public hearing concerning the renewal of the franchise; and\n2. Introduce for first reading, waive full reading, and read by title only an ordinance\nentitled "AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF LYNWOOD\nGRANTING A NONEXCLUSIVE FRANCHISE TO TORRANCE PIPELINE COMPANY TO\nOPERATE AND MAINTAIN A PIPELINE SYSTEM FOR THE TRANSPORTATION OF\nOIL AND GAS UNDER CERTAIN PUBLIC WAYS AND PUBLIC PLACES IN THE CITY\nOF LYNWOOD; SETTING FORTH CONDITIONS ACCOMPANYING A GRANT OF\nNONEXCLUSIVE FRANCHISE; PROVIDING FOR AMOUNT AND METHOD OF\nPAYMENT BY FRANCHISEE FOR THE PRIVILEGE GRANTED, AND PROVIDING FOR\nTHE TERM OF THE NONEXCLUSIVE FRANCHISE"