LA County Board

72. Hecate Grid Humidor Storage 1 LLC Electrical Transmission Franchise\nOrdinance for introduction granting an electrical transmission franchise to\nHecate Grid Humidor Storage 1 LLC, a Delaware limited liability company\n(Franchisee), to conduct and transmit electricity for a period of 35 years\nbeginning on March 16, 2023, and expiring on March 15, 2058, the base\nannual fee payable to the County by Franchisee will be determined according\nto a formula contained in Section 2 of the ordinance, Franchisee will also pay a\ngranting fee of $10,000. INTRODUCE, WAIVE READING AND PLACE ON THE\nFEBRUARY 14, 2023 AGENDA FOR HEARING ON ADOPTION (Relates to\nAgenda No. 44) (23-0051)\nAttachments: Ordinance\nPublic Comment/Correspondence\nIII. SEPARATE MATTER 73