Title
Consider recommendations regarding a Transfer of Public and Private Franchises from ERG Resources, LLC (ERG) to Terracore Operating Company, LLC (Terracore) and Subsequent Transfer of Public and Private Franchises from Terracore to Cat Canyon Resources, LLC (Cat Canyon), Fourth and Fifth Districts, as follows:
a) Approve, consent to, and ratify the transfer of a Public Pipeline Franchise previously granted to ERG, to Terracore, along with the required Surety Bond in the amount of two-hundred thousand dollars ($200,000.00), for the remainder of the originally granted twenty (20) year term, expiring March 5, 2038, to allow the continued operation and maintenance of the existing public pipeline system along and under County road right-of-way known as Santa Maria Mesa Road, Andrew Street, Stewart Street, and Foxen Canyon Road, in the County unincorporated area for the operation and maintenance of the Foxen Petroleum Pipeline, an existing common carrier pipeline, connecting oil production facilities to the Sisquoc Pump Station and Pipeline operated by Phillips 66;
b) Execute a Letter of Consent for the transfer of the Public Pipeline Franchise from ERG to Terracore; then
c) Approve, consent to, and ratify the transfer of a Public Pipeline Franchise from Terracore to Cat Canyon, along with the required Surety Bond in the amount of two-hundred thousand dollars ($200,000.00), for the remainder of the originally granted twenty (20) year term, expiring March 5, 2038, to allow the continued operation and maintenance of the existing public pipeline system along and under County road right-of-way known as Santa Maria Mesa Road, Andrew Street, Stewart Street, and Foxen Canyon Road, in the County unincorporated area for the operation and maintenance of the Foxen Petroleum Pipeline, an existing common carrier pipeline, connecting oil production facilities to the Sisquoc Pump Station and Pipeline operated by Phillips 66;
d) Execute a Letter of Consent for the transfer of...
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