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R 4470 RESOLUTION NO. 4470 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ARROYO GRANDE CONSENTING TO THE TRANSFER OF A FRANCHISE TO CONSTRUCT, OPERATE AND MAINTAIN PIPELINES FROM CONOCO PHILLIPS PIPE LINE COMPANY TO PHILLIPS 66 PIPELINE LLC WHEREAS, on November 9, 1999, the City of Arroyo Grande ("City") entered into "An Agreement Granting to Unocal California Pipeline Company, a California Corporation, a Franchise to Construct, Operate, and Maintain Pipe Lines for the Transportation of Oil, and Other Specified Materials, in the City of Arroyo Grande, State of California" (the "Pipeline Franchise Agreement"); and WHEREAS, on July 26, 2005, the City consented to a transfer of the Pipeline Franchise Agreement from Unocal California Pipeline Company to ConocoPhillips Pipe Line Company ("ConocoPhillips"); and WHEREAS, by letter dated May 1, 2012, ConocoPhillips requested the City's consent to transfer the Pipeline Franchise Agreement from ConocoPhillips to Phillips 66 Pipeline LLC ("Phillips 66"); and WHEREAS, upon a comprehensive review of the financial stability and operational experience of Phillips 66, the City Council finds that Phillips 66 satisfies the transfer requirements and criteria set forth in the Pipeline Franchise Agreement and that the change in control of the franchise is in the best interests of the public. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Arroyo Grande does hereby consent to the transfer and change in control of the Pipeline Franchise Agreement from ConocoPhillips to Philips 66, subject to the following requirements: 1. Phillips 66 shall agree in writing to be bound by all terms and conditions of the Pipeline Franchise Agreement and shall comply with all City rules, regulations and policies. 2. Phillips 66 shall pay to the City a transfer fee in the amount of twenty thousand dollars ($20,000) to defer all costs and expenses incurred by the City in reviewing the transaction, and in processing the necessary paperwork related to the transfer and change in control of the franchise. On motion of Council Member Guthrie, seconded by Council Member Costello, and on the following roll call vote, to wit: AYES: Council Members Guthrie, Costello, Ray, Brown, and Mayor Ferrara NOES: None ABSENT: None The foregoing Resolution was passed and adopted this 10th day of July 2012. RESOLUTION NO. L4L-170 PAGE 2 TONY FE , MAYOR ATTEST: A KELL / ETMORE, CI CL-,""K / APPROVED AS TO CONTENT: - STE N ADAMS, CITY MANAGER APPROVED AS TO FORM: TIII(OTHY J C MEL, CITY ATTORNEY OFFICIAL CERTIFICATION I, KITTY NORTON, Deputy City Clerk of the City of Arroyo Grande, County of San Luis Obispo, State of California, do hereby certify under penalty of perjury, that Resolution No. 4470 is a true, full, and correct copy of said Resolution passed and adopted at a regular meeting of the City Council/Successor Agency to the Dissolved Arroyo Grande Redevelopment Agency of the City of Arroyo Grande on the 10th day of July 2012. WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 11th day of July 2012. • KITTY N r1 TON, DEPUTY CITY CLERK • • •