Culver city amortization study
WebJun 4, 2024 · With the release tonight, June 4, 2024 of the amortization study, the city will be reckoning the cost of shutting down drilling on the Culver City owned slice of the Baldwin Hills Inglewood Oil Field. The subcommittee, Vice-Mayor Alex Fisch and Council Member Meghan Sahli-Wells, will meet virtually to discuss and consider public input on the ... Webthe amortization study, including studying a representative sample of drill sites by type, and use of existing data from the Los Angeles County Oil and Gas Strike Team reports and relevant amortization studies where possible; b. An analysis of the feasibility of a 5-year phase-out period as outlined in Culver City’s amortization program;
Culver city amortization study
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WebSep 3, 2024 · At a special meeting on Aug. 13, the Culver City council was presented with an amortization study of the Inglewood Oil Field, which was ordered by the council on … WebJun 17, 2024 · Prior to the vote, Culver City determined through an amortization study process that a five-year phase-out period provides an adequate time period to facilitate a “just transition” (i.e., training of workers and initiation of clean-energy programs), completion of environmental assessment and remediation studies and opportunity to outreach ...
WebSep 16, 2024 · Under a motion the board passed Wednesday, the county will conduct an amortization study to see whether costs have been recouped for each site. ... Culver City recently approved a similar phaseout of oil drilling over the next five years. Tim Jones has lived in Baldwin Hills Estates, close to the Inglewood Oil Field, since 1989. ... WebJun 28, 2024 · Oil Field operation on hold, as council seeks more study. The council voted on the plan in November 2024, before two new city council members took office. Now, it appears the city officials may head in a different direction.
WebAug 15, 2024 · A similar but smaller study in Culver City found that the company operating wells in the city’s portion of the Inglewood Oil Field had recovered its investments. In 2024, that city banned new ... WebAug 15, 2024 · At the special city council meeting on August 13, 2024, the council took another crucial step towards closing the Culver City portion of the Inglewood Oil Field. City Council discussed a future of litigation, amortization, and directed staff to develop a framework and timeline for the phase out of active wells.
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WebSep 13, 2024 · We also urge the city to: Phase out oil wells on a schedule similar to Culver City’s five year phase-out. That city’s amortization study found that most older wells had already paid off their costs. Los Angeles is performing its own amortization study as required by council motion 17-0447, but it would be how is james webb different from hubblehow is jamie related to john duttonWebJul 18, 2024 · The amortization will focus only on the Culver City portion of the Inglewood Oil Field. It was pointed out that parts of area are a part of unincorporated parts of Los Angeles County and currently ... how is jamie gertz so richWebCapital Investment Amortization Study for the Culver City Portion of the Inglewood Oil Field and Oil Drilling Subcommittee's Recommendation to City Council. On June 4, … highland park scots football scoreWebAug 13, 2024 · City’s consultant, Baker & O’Brien, prepared a Capital Investment Amortization Study for the Culver City portion of the Inglewood Oil Field, which will be presented to the City Council and the … highland park scotch reviewsWebHome - City of Culver City highland park scotch reviewWebAt its special meeting of August 13, 2024, the Culver City Council received a presentation of the Capital Investment Amortization Study for the Culver City portion of the Inglewood Oil Field, as well as public input concerning the future of the Culver City portion of the Inglewood Oil Field (“City IOF”). Following discussion, the City ... how is james webb powered