City to Launch Cost/Benefit Analysis and Health Impact Assessment Of Proposed Oil Production Project
The city of Hermosa Beach will launch two important studies of the proposed oil production project – a Cost/Benefit Analysis and a Health Impact Assessment – at a Scoping Meeting at 7 p.m. Sept. 23 in the Clark Building, 861 Valley Drive.
At the meeting, consultants hired by the city to conduct the studies will provide information about the analysis they will conduct and will seek input from residents and the community on potential economic and health impacts that should be examined.
These two studies will supplement the Environmental Impact Report that is currently underway for the oil production project proposed by E&B Natural Resources Management Corp. at the city’s maintenance yard at 6th St. and Valley Drive.
An EIR is required to study the environmental impacts of the project, but its analysis of the potential costs and benefits and health impacts will be more narrowly focused, officials said.
The City Council decided to examine these potential impacts to address questions that won’t be answered in the EIR to ensure voters have the information they need when they cast their ballots on the proposed oil project at an election expected to take place in the fall of 2014.
“In honoring our commitment to serve as an unbiased clearinghouse of fact for the proposed project, we chose to conduct these additional, independent studies to provide Hermosa Beach voters with the information they need to decide the future of oil drilling in our community,” said Mayor Patrick Bobko.
The city’s Cost/Benefit Analysis will assess the costs and the benefits that may occur should Hermosa Beach voters either approve or reject the proposed oil production project.
While E&B has already released its own economic assessment focused on its consultant’s evaluation of potential revenues, the city has hired Kosmont Companies to conduct an independent analysis of potential economic impacts and benefits to the community, the city and the schools.
In addition to providing the city’s assessment of potential revenues, its Cost/Benefit Analysis will provide information not in E&B’s assessment, including potential changes to property values and tourism, the cost of relocating the city’s maintenance yard if the proposed project is approved and how the city would pay the $17.5 million it would owe the oil company if voters reject the proposed project.
Residents and the community also will have the opportunity to provide input regarding what costs and benefits they believe should be studied.
The goal of the upcoming Scoping Meeting is to provide information and get input on the two studies, rather than to debate the pros and cons of the proposed project.
Input regarding the EIR has already been received and is being reviewed by the consultants to identify issues relevant to the studies they will be conducting. For more information, please view the event flyer here.
Comments regarding the scope of the cost/benefit and health impact studies may also be submitted by email, regular mail or dropped off at City Hall by October 24, 2013. Comments should be addressed to: