TITLE
Recommendation to authorize City Manager to execute an Assignment Consent Agreement for a portion of Facility/Pipeline Permit No. P-140-83 from Kinder Morgan Liquids Terminals, LLC (formerly GATX Terminals Corporation) to Paramount Petroleum Corporation, in accordance with Section 15.44.220, Permit-Transfer, of the City of Long Beach Municipal Code. (District 9)
DISCUSSION
Kinder Morgan Liquids Terminals, LLC is requesting consent to assign its interest in a portion of Facility/Pipeline Permit No. P-140-83 to Paramount Petroleum Corporation. This assignment will include 5,214.5 feet of a six-inch pipeline for the transport of oil. The route of the pipeline in City property is shown on the attached vicinity map.
Since this is only a transfer of ownership with no use modifications, there will be no street excavation required as a result of this action. Liability insurance and bonding for faithful performance, as required by Section 15.44.220, Permit-Transfer, of the Long Beach Municipal Code, will be processed following City Council authorization of the consent for assignment.
This matter was reviewed by Deputy City Attorney Lori A. Conway on November 21,2006.
TIMING CONSIDERATIONS
City Council action on this matter is not time critical.
FISCAL IMPACT
An estimated annual permit fee of $4,611.90 for the pipeline will be deposited to the General Fund (GP) in the Department of Public Works (PW).
SUGGESTED ACTION
Approve recommendation.
Respectfully Submitted,
CHRISTINE F. ANDERSEN
DIRECTOR OF PUBLIC WORKS
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APPROVED: |
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GERALD R. MILLER |
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CITY MANAGER |