LA County Board

107. Hecate Grid Humidor Storage 1 LLC Electrical Transmission Franchise\nOrdinance Amendment\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 November 28, 2024, and expiring on November 27, 2059, the\nbase annual fee payable to the County by Franchisee will be determined\naccording to a formula contained in Section 2 of the ordinance, and the\nFranchisee will also pay a granting fee of $10,000. INTRODUCE, WAIVE\nREADING, AND PLACE ON THE OCTOBER 29, 2024 AGENDA FOR HEARING\nON ADOPTION (Relates to Agenda No. 53) (24-4386)\nIII. SPECIAL DISTRICT AGENDAS\nAGENDA FOR THE MEETING OF\nTHE LOS ANGELES COUNTY\nDEVELOPMENT AUTHORITY\nTUESDAY, OCTOBER 8, 2024\n9:30 A.M.