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HomeMy WebLinkAboutSouth Coast Oil Corporation - 1989-01-03 La,�r�'.l;rvl��. , ' S.l:' _,, 1� r! ,, .li ,,t; .., , rl ram- th. ,Y�L�� , �.,;r�1•yw/Y ' + �' �y ,��,. r, i"3. ,..,: �S.'-• r:Cit., •. x _ ti ) �. (]! !k) i"r JT,j�. S' tt ,. ifi, �'w '� ,,.� ., , , I ..;• _,:.. . • . � . r 1 ;. ' 1'• t.: :fir.lw ` - t, = � .� ,, ' _; , • rt r � M ,, ? ,.. .. ,{ra r "fit. ', f:r ,.: {;'}' �� `_ .t.` ���13it r� a_.r•j ,. :' �>"r •,, I �: �•i 'i\ 'r r• .1�r' �l 1 i�d i, n ,, r• - S't}Ir 7 J \ti '), >; :' � i , 1 _•' �'/': r ;• is . , F:, rf ,'i'• ,� � �' a • �;tS ;7tir a •� }2 t ;l 'i:. t ';.;'i f•`f \ 1,J 1 _ Y . .p�'�.t `�1� 1c�, a 4 1 .If �� �• a,tf1 -1. ( 1 r a�,rl .J,C F •t,;"� . •�wf t,,,�} tly.,.y1 }, � . ,����� �1�;>•� {.��.:: '� H� 7J �� ��i 1�1���: � � t,. .J'`, �-:. '��;` ,•, ',.�� t l�II r1. fit` •i} ++e 0. j ' :.�w 1 � . �� t' r t�. �+.-'r '.' tr .,: �<3'• �, Ir %r l :, { I "1rtr, ej 'it x• `{' + t,.�i •'� a "` tt.��,��'.t7 �.�i .err t .I t;. 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'_ .J�.,,: ne, ;:,� , ,._..., rl(,,., ., �s, �,.•' ::�4. I�t (1 _,:. •t.tt 'r_, �"r� �•�.r}••rtrNr; y ', / r., 7. "' ,t'r 1 :r 4 � ''l!: r `'� ,r,, r � I t ( r'f:, f � ,.IE a, ,�Il. f'�3•�•�� t �� � .� 4 ) � - , �7�f,11►f.� " 41r;J' 1 r.::/ � irr�• 'f' CITY OF HUNTIiVGTON BEACH { j y■dry�¢r '000 MAIN STREET CALIFORNIA 928gR ' )•I�ary� OFFICE OF THE C ,? ..iTY CLERK �r 'iS1tt'`' �s"r��+�t'- 3,iv�,:4 f�rl` - '4yy'+ ^�yL�u •..f,..�'. 4 r !!! Ct ,� , tip. AYr rr, r` �Lr�-. �'Z1 w� f't� r�t�� I !, I 'yf 6,f.G Y•i January 25, 1990 1 it.[lt�t t�1r`�, •, -: + - t.. , ' •4 •I'�.1, 'tt'w+\•�1 •j{u. SoU`. iCoast oil Corp. , ,'t 11�•52 .San Vi ncente Blvd, Suite 200 {� Los Angel es CA' 90049 . L I •, ; I'� ` J' ,,:i• The pedpvelopment-Agency of...the City of Hunti'ng'ton: Beach at the meeting held:d day, January 22, 199p, approved Supplemental 'Agreement No. 1 to Exclusive Negotiating Agreement between South Coast Oil Corporation ,• It���� and the` RedeveloFrnent Agency of t the he City of Hunt:ngten °Reach to extend,; l negotiating period. �}v 1 I�tJf� Enclosed' is an executed copy of thn agreement for your records. ` I Connie Brockway City Clerk ' CB:bt 1♦ .1 Enc. 7. I 71_fT N�pl+nnu 4.498.5 7Z71 y4. S �> I.i}.w rt llt r fr r.t�,r I }t.' + ` ' Y=•.� ���#�� r�t�,��Sic�t ! '�.K{�r F �; t'�f.•t lid,* r�� �G"r. � 't t`,t.ty t,,� ,i"fir �j;:i y ;.,r-. , ` ' 1 ,r r 1 ter �{ ,� �, �,rd , �,• dl�f .. � L )• "51 a r 1. .�1 "�'•tt � r !i� Z N,:. #�Tt',�yvc �5.. �' � �(}� a,,. �,t 7>�� t� ' ri ;' i' r � :•mot .xt�,:¢� i�''�rtyY'at'11� t t•��i , lr}^'fi;f ,�1��•�/� Ity{ ,•/'{,1�G,t�t� t '� {i�iy li t � ...t�j �' :J •lJ !t(S.! � ry,-F)' t i�>. 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' j i •:�t� r({rtl tY'rJ'• •r .t l( t t � r.,.f•'�,1, j� 1•jy.. 11,f ''� t '.t t dC[.ri' � , IZ r,.r � ti'4f;!�i l 1 \•.- � «9 f y}, till t!" tt1�, ; �a:, • r1� (ttSt ,, i r» 6UPPLEMENTAh AGREEMENT.NO 2 TO EXCLUSIVE 'tKr' t1 NEGOTIATING AGREEMENT BETWEEN SOUTH COAST OIL g CORPORATZOM AND THE REDEVELOPMENT AGENCY OF THE CITX OF }(UNTINGTON BEACH TOEXTEND THE NEGQnIATING PERIOD d �."•:.1 F ;,,•X ; ' „4(',<;:°). u • t �{;,, �.�' 1I -e..• ��1r I,! �i.�' .� :.' .Fi t� =7}t t r �'��i(�u.,lSe !� � t t� � r 1>n":`� - ��•,ar• f f ^'+!•Y:4t � ' �.•r 1 This Supplemental Agreemen� No. 2 is mode as of•t January 5 , '!� ,� ` ; $ �+� 'j.,�! f i ���S �I�•r�^ �.rt�: j ,t 1990 batween the Redevelopment Agency of the City of Huntington ' � ,}��} ,r � `• 1: 8e^,tch ("Agency") and South Coast Oil Corporation, a Delaware -14 i corpora un, . ("ECOCK) . V. r - Ayr � A If Y WHEREAS, the Agency and SCUC have heretofore entered' =nto , ' �, 2�. /• that certain agreement entitled, "Exclusive Negotiating Agreement between South CoaF.t Oil Corporation and the Redevelopment Agency of r , tiles City of Huntington Beach for an Oil Uniti::ation Site", dated as of January 3, 1989 herein referred to as "Agreement" ;'-and 5 } �i -•�7�{Y ?r ,fit+ 1'.tr,�r.�•,. r . t L '` r ' t; w 1 z S f�A The Agency and SCOC wisil to supplement the Agreement to +.t, P i extend the negotiating period at th.f s tifne. • NOW, THEREFORE, in consideration of c lwoN � the premises, the Agency ' and SCOC do he�ehy amend Cher Agreement as follows; Section 1 is deleted in it3 entirety effective July 3, pT;'i�:, 1989, and new Section 1 is substituted therefor as follows; S . `";o'r The ..pa"rties ;sha3.I, for a two htYndred'; and seventy . (270) day period from January 8, 199o, ("Negoi.ieati;:g Period") , seek" to identify a sit 8ccept3ble to SCOC and"the Agency upon' whichae "*!►ate`; Unitization Drill' Site could he located. In this 1*, { rE3g ,rd, due consideration will be given to • •� ' � . sh .c g thc. x �. �' ecoromxos of acquisition as well as land, use compatibility. The parties haves identified the area of blocks 201• and 301 as shown on Exhibit "A" '• �„ �ir� as. 33"-esc for consideration. rr, SS 2. rr.11 other terms and conditions of the Agreement shall +srt• remain in full „once and effect. rr. ,nrc� rF' IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Agreement No. 2 to the Agreement to be executed and' .t7%: {.r'r i•'' - rlr ►r lit kll rPFs.� °'t • .{:. }r rt�{,�1 a\t"S• -nc' t1 i.J', - t, , -,'rl f)`:r;•' , y 1 r y � ,` 1 r.t'+i S ,3., ,} �! �./tr?1 .1.1'sI l •„i'''.a•;, - ''}, _/ N -if Ej �' t: ,t t• t ( tJ ' , •t7 Yr�t [.'.�r L l; }'T �:fy rIl {' T ���� , l '!, Srl r t• •t.t 12 3'r ;r;� a ' ' c';�+ + : t ,i , ''�it� .Y' 1j r ��r .)�' t. .t{}� r',� G1:'a.'1 •� :( �'. ,,µ�j It ,�x� ��; , t -:�,1:1 {T1,,r 'tit .•1L (:• .1 ,tic-{ t "F �# T,:1 14;#. 1 r.• r,4�•�,I l+ 't (ter�{{ttltl^¢:or ,�aY. a ' ,.!f' ! 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Ir '., 9,JI• J 1, :r 1� ,.,•_rw •r_a_s_z—1 3—,-`.,--��{{•• {�� iYi 7rJ—G ` '• it , +'J •, '_,'t *'? r; ,15 Yt, r1- .err t�`��.u'�11• tjt !'!r ��tiUi\IjIL S ` ��f f ,i"_ t..i..� a f �•�' �: T} 1 n 'J ', r 1 ,� 'F ZR%'WFt r ,t NL� c4:,- 1 J *.. 1• ��+ �S (+� r .�1r1 / ►Tatll�x]I / 9 ' 4{1 a �iy', t j[[( 1} +, ,`_ Yt1,~,.� t vt t� 4 t t `'at r ;; L 1�8t9 ,^ J—~ t r >�Y ' x Si+ 1 j`,; L '" t '1 I. I. T {{ Y' a x ,t Ali J 1 !'' I: f I I' .,.,ri' .is �rrl w •}' ', , r 4f. rl : t r,. , ', ( i_ '7 j .;• IS JtS.' —rw-""' CITY f11tF'1!A _:I _ �.:. n sM' It 7' �� -3� GYM • ,..' G,,, _ _,_� tL ' t ,,.Y ' iiQnOr"d�i evelopment 1���7tG"f i9IPPB0�"LrD UX CI'Ia O- -.T�y� '' is,r.• S�F >s' � '''•1 . rlt� , t r , T' J ' &Ubrriitted t0: � =I t`_Sa�i=,a•7rrr 3t� Va\ `:le , jk,° ' a tip Q �V .iC I i ; 1 / .i r�1',y}. ti Ft , :'r1_ '�i -rj� Paul E. Cbok� Executive Dir�cCtor � � � � `.�l� `r !9-..... I .':t?'�j4'r ��'��=�.'7�r'�r E� 5rll #r: y� �; ! ; , f;,r, r:r, `� , Submitted by: 7J '���� rf • ; �+,# i� '' r .;� �,; tI' ":af , � f'A '^ i.:{yii�� 1 + li_t ,�VVV»' SI•i } f�l �! i �;'. Paul E. Crook Executive Director �� i r � �+'.•.!}'y 1, r ,! ,T t:� , - Prepared by: �T CITY!'U:HK YC�f ' r��af' ",' t'" r.�.: 45 t ..f �i tY,. r a.p• r t t {, ,r,•,l! {' lj �11J �1•.;�. tJy; ra'i�r ' V _ .,M11V�:ra t7�3[�i:ai�+:+�� F6a.� r7►.AJial \.Jj 171 1 'tr r,i1�`•�, i1 , , _ '�.r it it I a:;(►` ' , , Subject: f•;. IL "fit^{y '�I•t !, lIi . Ir+1,t1 11if ` rri ,1 � f[t i .I at '•�{"v. . t New Polic ar Exxption 1"'k I,;1l;4L, 71�;II_,',.--"I--,..,-,��3V.',,,C�,-,.,.-.�.i'.."_�"f".l"'1�.IN.,'4-_�.�%S,'�.,!I�,-#_�,...,,.._ r t1. a I , rr .1 a� Y �� �, ' +s ,,-'j`� ' 41J Consistent with Council Policy? I l Yes I 1 _. _ }� J +;I '• °�� '` "' Statement of Issue, Recommendation, Analysis, Funding 5ourca,Altarnativa Action-,attechmel�ts: , k . ".{,ry1N��� <(' it 1 y a,j�i rf (� �1, tir r,.dpt 7�" ti y' N :r .�' 1 I, , 1.) r i ( I I. ,F• rya,, '1 JG� 4i ;Ilrre, �'I'A'I'FMFNP —11 x: a�{t i `� ` � '�, °�` 3 i r 'r r rw ,:.":4: I. , , 411.' y1J ,�, .,0, j am" a :raved an $Y,Clusive Negotiation Agreeme t ` 2 '��, �II ,. ' , 7n Jarttlary of 19E39 trha ' -'' ►fi -,�'41'4.��;'.g 1i'1,I"Ir.r,i—iP";,, q!-,_. .t1 JI II fr } _ ;� `H11•''r ! ttt SW�h Cast oil t'brForationr with a EllbsdquE3nt extextsicuz on the ENA �!,II'r `"'" � ,, < `' :r=; wi tree ,taw •' f 1ra� Ac( rtt lap�.©d asxl the attached sttpQleatrertt a,' , Xt° ' 1: 1 � t (9) =nths. ' ' It ,!,- ' 'i ';t+,=��. will ext-ond the Agreer ent for an additional nine zr y, , r .airt a: tt� `°{. .. a t 1'�uY,ita�, ` C 1 ' ,l rt 2 t, . t h' r•` eta Y}f4.�, £f i � t f4�i! ' ''ir(;f1 ti 1 i }Er' r!3} �� '�°��F 01'0 i r�nental + �h . >, , , i<' ,` ';T ' „ Approve a1'� authorize the Age .1 Clerk to e�xcute the attached S`ctppl ; i V ... J ` otiat�.on'pit between the Agency and r 1! t No. 2 to the D=1USive Neg ' ��r;, lN (9) tT10nt1<Z1S. . 1 ,:1 � ;4 F,�`1 r1( ),, I rr `�` �t�i;'+'6,' � ' Sa� Oil oorpc7ration, its tex*a for nir>re N; -1 s t';f ,t y;'1 ',',�',+�7 , �' f T 1 j . t r t'r 1 1 i�` JS t 1 s /j �: 1 fit, I,yA I' t ,rS 1Y `f / i a t i {�+1 ,• rj' 11. .,t,i k�'; he pi-M;cm� of the Elusive Negttiation Agin t with South 4ba. oil ', '� r'I,,,��r •r r t `:f' r 1�3' 4=t:t `3�rr CorporatAnn (5000) was to provide adequate time far the fir and the M +nGy a ` r ,' ` �t' J r>J ? ' '-' '_ �,"' ,� �' location for an oil oongalidation • x , r likel t •+ the mes+: ,S�, a•� 3_ -11 y3r ( y,, e rr =� z�i ,/=.`i^'` l;'�,` site within the Main-Pier Redevel r•.pmxtt Prod Area (S= rums or controls ; `'r'': `;`fey'°•�- ,;z" 11 •' `: 1Y,rer rtixtoty petr�ent (90 ) of the oil interests; iR the area) {lfhile staff and `=x;'�:' �'j � �'ix' , IV.._LI 4 ;: s)q�fy'y- '!' ,I`",, ocxnnl oolrtttA to meet and progresA ie made, additional titttie ig requires to ,Y y, �. r ,�3�i 1 ; (, ;4 {'eir_i"1,ts b(: QO21"+.1tS�e ttl@ IYX,� at<�OnS. l; L f +, r +! ( t1,l,, x11 J , i,. yw i -. V <_.!' `r' "° , F'4' ?� 1 I t i South ' coast oi� c'3rporation is cuentxy srhecluled of W it �' - tv bl3fors a Pl :x r t , - r+ r't, it � ; 4 %. :� �. .711 C�r `:ti} 1;�tf:;c +1�,'., 1-e to a rhr'11K�@ in fills location 0 cVRr1l1]l i. r't :r �, . 'I `''J ,�.i f .A (fit t� r .fit o'.afe4Dias �� t a�•t{.,.. stree- location ( a.'(} fa�y�j�(t y s�}�} �,. `'.'„ rl.a. i/. 7 , -ir'�i,r� ,'I Yta �.f AL.IGL.K1 1 (�� '�^ ! t y ,fjri„Y ion 111 .jL�. �. 78i T `+I11 in f: r •r r � , ,zr •, C1C.ct7B�` liv{(3 vtY�At x E t. } K7 ' onto 201. aM 3o Provided this zone chaixae � ro f: , �.. .. , ' t i go CMrAssion for similar _ ", r4 C 1' •'' eve to before fine OoH3ta7 ;,j 2. pprw r SC1�. wcxil.d them d y�; , ,Tr y '". • r,f r7 1+,r,` 11 for , app �Y ►-xxitativ ed April. ' ` . . ,z ar, .r.5vl;, Acte:xy finds rtecessa�y to ,14; w t + t t ,fy r t if the 'it + S > r Fttrsuartt to the original agr�nien ;`' 1`aiI. +f �! t tYte of tiationsr SCtDC � ,.4,.�f•,� ?,, s�cmttact with apprai:;ers or c7on tltan :in p� Y �r t �� p. . ,•Wit, 4 p,�}t y� y y, a d it in an amount not to exceed $2�r 000 t:d sustain 1��1 — - ''1. ! 7 , 1 abliyatad W p�i� .�"".� 'aa,RQ,�i , dl�• 1 j; 1 `" ^��r[L)J\s'it' �tif "' le Agency tigainst such 006tS. 71J1' If f F� al'. i ti' r'`4 �:. , r',-ccy �+ fit• i .'r •r 'Y, 1 •',,.f l; l y. fiT Va (L'Krar cif' �•, jJ1rt�r -' y , s �� ,r,fr��'. = r;,. 2",' L`+,�• F f 1. ,f t1fr+�`fi; 1 j ,S ; ' r I "'C ,y' r5 %r� 4it2frfr•I r(r 1+ ti,`j rr IPA f{pt �r f i..'3 11 } •�I't !,'. 'J 's(t,ft`+4�, ,•rZ.. ,}1` i r7,{ ( ,t ;' , ; rr'+ .t 7t+ np" L,;; �i+. _ `P1`,rv,rw.n a r /ii'{sir,A,'r J�'L;1 J, #I, L.. ;' M •/ t y�'^�1►" • r;yam �! { r a r/ '�y,1 �r' .'rAI I� r ri '•'1 , t 1 ,' �w,T._7 ti °. 'j � t+ '1j.�'+ed .W . / .. 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'S't ,{° i'r ,, .1�� .t t�- `�+�t'` �� � �? •t..i.• «F, - AN.0 S � � !� ,'T]� Tip,, ;lj•� - itr�+.,13i1�-.,..�t.�,..a.�...... ...,rt_,.._..la...+tt..�.,r�...+.�.... a:#�.�*�!s.;�1....�...:..�t1.+ ..�.,,r a�s•..tY� .:�r,t�. _ M1 R', X1:. �r,lit�J z: (ti ' ► r�t�17t`�f_ j�•, Slt`l,r 1 .� t:Lky Ni�� r,� •�, CITY OF H Utl,��'8i' G TiL'� a ' :» r :-) t�;,' ,,:,r t'` � ZC�00 MAINS c . �-� ' I+ ii ` 1�- � -;, 7REET CALIr ORNIA 92848 ! r ) OFFICE OF THE CITY CLERK 7T I i ?' ) ti A f fi i ti� ', 6 r•a• Jt 1,� tl }�rj(�!: r7 .:� 45`,�` '3r�i,�Sy j� !'Y,: t •. t.'r �� � r�,r,, 7 11 *, tt • , 1 r tom'.�•r A �( Yrn' � C.(+ 'Y i,�y�J is t '^�; � y� January 6, 1989it i, •; f 'fit ., A •�I rt �kTi' ':it d - `� ' �}" '•n7 ' r�r' ty South Gast Oil Corp. 1 1541 Ocean Avenue, Suite 2011 Santa Monica, CA 90401 , 1♦he City Council �i f the City of J t' li.lntington :beach at the regular meeting held Januar, 3, 1989, approvdd Exclusive; iiegotiating 'ilgrsement between South Coast Oil Corporation r . and the Redevelopment Agency of the City of Huntington Beach *or an oil unitization drill site, ,� Encicsed is an executed copy of the agreement.' , r)i° k, , Connie Brockway, Ci4C t t 1 �� ►`;a'rst�►; �r t�.�,' F } }ll;Si ,�„�, City Clerk ,y CB:pm �c+ a•I,t i Enclosure •:nld k f �4 .F' ' 1rY i. `�. ��', •l� r � !�`�r1{ j��,,,♦tit 11�, �•. ,�' '�,: ,,�,Y'`�,T'1'k'i�A i t 1y�'�t• f.�•/ �art All 1 (TdNphona:714-638.5221) �- T� py�t, y 4• xvra.wwe�i.,..,r.♦c•w.,r.,r r!{ F•r •�r� .4�1�t r l'�' '�! 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YI z 1 .`..y , t .. ., .•S '.(;'l. t'l., pr !♦ -tt=1 `'.i t1.}''�'!S' r :,{, ., :t17•T � r•� ',; 1,. .a' :•t•+.� P• ?Ai ri,'':_r, ;, a f,r � �' "+tt� rr��1l(r:L,r) z ) ,�,S Y''�a.. l .y.'r,1 / 1 `i '>� �,': , ., ., ,•,', •d' "�_. 1+7; .► S)'Y.�r.I,t{�'�i 11-. .. ' "4�4'' !r� �,f •fir,, ,7•,D-`t.r.^`� I..�, ,:S .t , "}7_'•�s `�' 1:� i, - li t� `1 LIB t Jfyi�]I �{ � .• - �. : ('r,l ��J 1.-C.. `' _ r f r • : 171 41, _`, .t � } .,f' I' .; i .:-:. �'It� it 'r1 i• �-r �t � ,�+ ,� r,•'_ �� •+1, rq`{} `'tyJ, , . .. , '.•-.::. +' .�.r, ' :+ •, , �,t. •A; irf"2fi old. irk r'ff �,' r . - . •J:fi'. ,.�.:::_:' 1 •'y! ,fi�:.'i:'t:''} - 1) •Y:.. . }tfy�• 1 rT .+ , l; ' �• �•!y trf l• 1i}�� l y, • tt`!- , � , `, •,- . 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'Sr 7• 1 1 C'il} �{t ���`�� iti'Y�) �•�� t �1rr f( :. i'.j•- .:�- , ..r;•f• .r':;,.i _t -.. ...r..� . 7.. itt+� '1••1..•n.o.f j. r.P. ,1. 1. t Xt ar • sal . ty. ,,,:- ._,.,yc. n• ,at,��.:r,w .tt:;_.:►��.-�.; ,� :�, yl 7 ;r • It•' ,,J '�' !•#�."T: -.}��-1 .� ,. t,41.,-r � ,. c�sl w w a,J,•.>,....� _ ,_.._.i_.,_.. .. ��.^._i•z:t::.y.:,l...rrlw.a.......,.r, .•.�......�:.��._•t...--.IS's,�...,.....s. ..t_.�...� .. i+a �' . =�!''l ,., r7 irFN:1 t i' •. - .,Sk + �{1 +v; r ,i�}• `, , •, 1 1 ��r' '- �•I fly+fj �1" '1 /} `'i '' �' - EG?UC�'T FOR I"tEC�EVELOPM�i�1T� 4GENCY ACTIOIy J}i ;�;`�: .t (l1P�BU'�� DE BYQIi'Y COL'iJf�iL {� pp (}�/ " yee /Cyi% ,�` , :' , ti7• �1 .i - �—� - /� 3 • .17�� 1 ll1`J_`F � , �L ,'il /1.1�,y 11•. S( r _ 78:e ry 3, 1989 Janua • 4 t( 1«t ,H 1 RKWU CtT f_ S `,. 1,C` R'r; {77YI t ; lT Honorable'C a rman a gency Memberr; + +ti yr J7 tf t� r {t Submitted to: �qt. !, Paul Cook, Executive Directs. _ t i1 o Submitted bl: Douglas N. Le Belle, Deputy City Administrator/Econlimic Develop n s t' ,u,iz t t 1J MAIN--PIER REDEVELOPMENT PROJECT'AREL EXCLUSIVE NEGOTIATING Subject' AGREEMENT SOUTt COAST OIL �41, f•t l •tFr t} = f ,�yyAA 11' Consistent with Council Policy? ¢(� Yes ( ] Ncnm policy or Exception f Ir ri t± tt�' f `r� ' � "•r ' i ( ''Ji�' 5tatament of Issue, Recommendation, Analysis, Funding Source, Alternative Actions, Attachments: t J• j�yt�Y, (1(j(,�lfp� y 1 {7 l7 •t..l,e (, w .� ....' i +,;1't11r •k'V u�7rf': f111 1 • � 1 u [" 7i'° Y' ,1( I ST'ATF .SENT OF ISSUE: '} ? Within the'Main—Pier R divelopment Project Area !here exists various oil operations thatt- '� resentl re resent a constraint to achievin our redevelo ment objectives within the . t 7 ,," J 'r i ; "Y' ".'•' _ project area Accordingly, effurts to provide for the consolidation or unitization of these �(7' r}"�1'' various oil o erations would serve to enhance our redevelopment efforts. {� p ASilerSlJSl A11O s.: r� / Authorize the Agency Chairman and Agenny Clerk to execute the attached Exclusive } _ '"` i�{ Negotiating Agreement with South Coast Oil Corporation for the blocks identified as 201 •t` and 301 on the attached exhibit. It 1 >!•�(t x1 i1rY^+`tI 7t'�,.` F1I� t• .' ,rti>i � ► ' �� .r In moving fc.:wdrd with our initial redevelopment projects, it has been necessary to 1" :'• Lr acquire uire'varicus surface >,il interests that encumbered varlvr b parcels of land, ,.There also i Rr� ' _� exists similar constraints to the revitalization or property elsewhere•within the'project' t : " area. In staffs analysis, it would be appropriate to seek a Hite that could be used for oil �' s 17 tl2Y J1;� 1,; }s`' ;,� ,; unitization and uldruately for secondary recovery purposes. South Coast Oil tot'poration X 'f x ��r �J"i i"•y has, over is period of years, acquired approximately 90% of the oil and gas rightsAn the oil i a formations lying south of Twelfth Street, between Pacific roast Highway, Lake Street, and Palm Avenue. Accordingly, they would be the appropriate entity to seek to develop ;+ �: y ak an initial unt,tizatlon plan. R, .J s . The six-month Exclusive Negotiating Agreement with South Coast Oil Corporation will allow staff and SCOC sufficient time to evaluate the feasibility of such an endeavor at iy� this location at this time. ra 'r' Xini' Consultant studies as required to determine feasibility will be funded by South Coast Oil +;<+ Corporation. ,•�.: i�, 1 . �,J� ri S '. 1' {~i i l•'�tit,t +" : P1011/a5 " '.'(* `'i' .fY.'1' �1Jr•Mw d tl�"�Ft•"•?4'M .'. i, 1 p w .;,� a'( tL}}7 i , ' ,'.' ..r �. ,• '•S'1. ,' '' + ' i i/ :1i-Ii r i �,(,:, 1 } 'i,,1�r ,`.i+f✓' r "il,l tr D'r •��• '/ ., ,)j;:' »ti ;�.S�r ![r�S.•!j .,tr�jr, 7 is ri:� } �SY .1,. f}. 1` ' ,:� r !i .'1;. ):t ,,1 rs.;r'I i.=Y'tf:yf, l�`.ryry� F'. . r jtV�i :J' i (.. ,- ,r 1 t C'- t "I r i - Yi• .. 1i[-i•� 3't.S�tri�� t;� +' SJ [,. Si ..1 'rt �}I,', t+ �- ..j L; I r i, ri iu I tF ,�� I -� .�,tr 'd,l'.I G` y t + �t ) tl. ' -�r [ ` tt ,. •,1 `'1,rjt rt s,.�S1"f�Nj I 1��;.r♦l� 1� �},I:r1. �,• 2?.rftii�. :*1� ( :,.', ! _4;, . r '• i;�, t S , '1," i ,. 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OFFICE OF THE CITY CLERK ,t wr,� ,�t ` �,T,; �Yn'A r ,lr nt 1 r.�,j �� _� ..� +rt-I T'.. • r.,+�. tl 1 7 i t``1 +..r''• '1 r.i �r i '� �.t 1 � d ,. t'< 2 i �; ,r ,r ,,'. . , ,�,.`k r3 ! ]t i�fT 1•'+17�jJ , t;'-�'7t1a,4y7�lS`eY � +•xt} },r. t Wi4r it `�_,' � `tltr��t:\J 't55gR ��r'rir r ! v"„r: rj' ,, ,•. �' 1 !1r ,.r{'j l � �+ . 1�'�,.; � Y �J'!; t ire Auqust 9, 1999 i Jarr 1 ! ' T� , t i,!1= t t i r A�')r l e': Ito} .f i �✓ 1 :. 't-/ ,a'.lt }41.1,�i�-�'/�rr�,lt7 .0 . t South ' Coast Oil Corp .' �� 1591 Ocean Avenue, Suite 200 ", , '! 'J ✓th` �.r'�,{, Santa Monica, CA 90401 it'�•= •� if Gentlemen: _ The Redevelopment pment Agency � r�,. ,, ;w•1 sr :tl: 9 y of tx�s C.tty o£ Iiuntin ton Beach at the t regular meeting g > =;=ir r[ la ng held August � .• � �� st 7 1999 a between So��ith Coast ' PProveri Supplementa' Agr nt #1 Oil COrp. and the Redevelo ee Y r' I"" u} r r S;r t 1 ; •'' ; r of Huntington Beach 't:o ext, g ry of the wit ..nd the negotiating per t A er,. R Enclosed is an exeCuted cot'�.y of the ag your zecords •;°kt; r zeement for 1 ri:t J Sincerely,. `.i � `,y�.•rr T `ttt! ?.�1-;•, �,� 1{�: .. _ ,, r e� f=,`,3'4v "}-1 l�ty!r�\C�t��Tt ��,�{,+�tl,•S7��� '( �st x' �..f� �}1 � • „ ri, �, 1•+1} �' � tr'r1 t Connie Brockway. C ` ,...'�'�s� 7►�' ''lly�7y}�� �� �' •: a i,..:: + fSC ,y � r{ {�, 1,�''4`i+ �k �•', y Clerk F,' �` }�:7 rr �f i•�//�1,{r rti ` r T�' 1[ �ji, r. ( , t �r',�,la�tA S •13Yf .��ti CB:me S �r124 �+�' +�,�' ==,a, • r .,Y��rwT r` `yam` •. Enclosure: Agreement 't ,.� htyr - ri ,l �.'�•"'-� r - h .r1. S'�j L111 fr� t� •� ' = 1 �T'rg4�!°� f (Tj a ' `Irtr t� ai�rt�ili`f�R r VIA' d{ •1 �t �l�r� tt����'r =' 1'.I t,y: !Q r!': t 7 :4t�+r',: \ u,t 1: ''lL. 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