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Reimbursement Agreement Extended for Phillips 66 Marine Oil Terminal Wharf Environmental Assessment in Port of Los Angeles

  • When: 2023/08/16
  • Address: Port of Los Angeles
  • City: Los Angeles
  • State: CA
  • Category: Contract
  • Subcategory: Contract Amendment
  • Subcategory-Type: Extension
  • Asset Class: Commercial
  • Property Type: Industrial
  • Size (Dollars): $1,453,000

The City Council of Los Angeles approved the Second Amendment to Reimbursement Agreement No. 20-3762 with Phillips 66 Company. This amendment extends the term by two years, allowing for the continuation of environmental assessment services. These services are crucial for the construction of a new Marine Oil Terminal Engineering and Maintenance Standards Compliant Wharf in the Port of Los Angeles. Under the terms of the agreement, Phillips 66 Company is fully responsible for reimbursing the Harbor Department for all associated staff and consultant costs, and potentially any legal defense costs incurred during the environmental assessment process. This arrangement ensures that there is no financial impact on the City's General Fund, with the total anticipated reimbursements to the Port of Los Angeles reaching $1,453,000.

Source

Applicant - Phillips 66 Company


Ownership - Phillips 66 Company