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 ... WebJul 18, 2024 · A city staff report on May 28 recommended to OK an agreement with Baker & O'Brien $363,00 to conduct this amortization study on the Inglewood Oil Field. In translation, the technique of amortization is to write down the value of an intangible asset. In Culver City's case that would be the city's portion of the Inglewood Oil Field. An …
Culver city amortization study
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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 WebJun 3, 2024 · The recent history of the city and the oil drilling issues reaches back to a June 4, 2024 Subcommittee Meeting: The Subcommittee then consisting of Vice Mayor Fisch …
WebReal Property Transfer Tax. Culver City’s Real Property Transfer Tax (RPTT) is a one-time fee imposed by the City when a property is sold in Culver City. The RPTT is assessed … WebHome - City of Culver City
WebOn Aug. 13, the City Council will meet to discuss and consider public input on the following items: Presentation of an Amortization Study for the Culver City Portion of the Inglewood Oil Field City 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 … WebThis campaign aims to phase out oil and gas extraction activities in Culver City. At its special meeting of August 13, 2024, the Culver City Council received a presentation of …
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 …
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; data factory script triggerWebAug 20, 2024 · Culver City Council has unanimously voted to draft a plan to phase out oil extraction and gas wells in the city's 78-acre portion of the Inglewood Oil Field. At a special meeting last Thursday, the council directed staff to develop a framework and timeline for the phase out of active wells, following a presentation on the Amortization Study ... data factory scalingWebCity of Culver City Adopted July 13, 2024 Transportation Study Criteria and Guidelines Page 3 of 33 Final Draft Transportation Study Once deemed acceptable, the applicant shall electronically transmit an electronic version of the final draft transportation study for review by City staff, as well as other impacted jurisdictions as applicable. data factory scheduleWebCapital 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, … data factory schema mappingWebAug 14, 2024 · CULVER CITY, CA—Last night, Culver City councilmembers took the first necessary steps to phase out oil extraction in the city’s 78-acre portion of the Inglewood Oil Field. After a presentation on the amortization study commissioned by the Oil Subcommittee, and virtual public testimony, the council unanimously directed staff to … bit mesra civil engineering syllabusWebApr 8, 2024 · "Capital Investment Amortization Study for the Culver City Portion of the Inglewood Oil Field," prepared by the City's consultant, Baker & O'Brien. In October 2024, Culver City adopted the Oil Termination Ordinance, prohibiting the drilling of any new wells or re-drilling of any existing oil wells. The ordinance also requires the abandonment of ... bit mesra aieee cutoff 2017WebOct 29, 2024 · In a year of record fires, record heat and the unprecedented Coronavirus in California, the City Council of Culver City, the site of the largest urban oil field in the U.S, voted on October 26 to phase out oil drilling. ... as recommended by Culver City’s Capital Investment Amortization Study as the first step in the approximate five year ... bit mesra chemistry faculty