City Council

b. ADOPTION OF ORDINANCE NO. 2024-06-1548, APPROVING A\nDEVELOPMENT AGREEMENT BETWEEN THE CITY OF SIGNAL HILL AND\nEDCO, FOR CERTAIN REAL PROPERTY LOCATED WITHIN THE CITY OF\nSIGNAL HILL PURSUANT TO CALIFORNIA GOVERNMENT CODE SECTION\n65864 ET SEQ\nSummary:\nAt the June 11, 2024, City Council meeting, the City Council introduced\nOrdinance No. 2024-06-1548. Ordinance No. 2024-06-1548 is now presented\nfor second reading and adoption.\nEDCO Recycling and Waste Transfer Facility (Facility), requested to amend the\nDevelopment Agreement and Facility Operations Agreement, and to modify\nCondition of Approvals (COA) of CUP 09-01 to allow an increase to the\nmaximum permitted volume of waste that may be processed per day from 1,500\ntons per day (tpd) to 2,500 tpd. Staff negotiated an updated Development\nAgreement wherein EDCO pays additional host fees commensurate with the\nincreased tonnage.\nStrategic Plan Goal(s):\nGoal No. 1 Financial Stability: Ensure the city’s long-term financial stability and\nresilience.\nGoal No. 3 Economic & Downtown Development: Improve the local economy,\nsupport local businesses, and create a vibrant downtown core.\nRecommendation:\nAdopt Ordinance No. 2024-06-1548, entitled:\nAN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SIGNAL HILL,\nCALIFORNIA, APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE\nCITY OF SIGNAL HILL AND EDCO, FOR CERTAIN REAL PROPERTY\nLOCATED WITHIN THE CITY OF SIGNAL HILL PURSUANT TO CALIFORNIA\nGOVERNMENT CODE SECTION 65864 ET SEQ