OTHERAPPROVED

City of Redmond Committee of the Whole Agenda Packet May 2026

Redmond Approves New Olympic Pipeline Franchise

$23,000 annually in 2026 plus annual CPI increases starting in 2027City of RedmondOLYMPIC PIPE LINE COMPANY LLCMay 5, 2026

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Description

The City of Redmond intends to execute a new 10‑year franchise agreement with Olympic Pipe Line Company LLC, starting January 1, 2026, with a $23,000 annual fee plus CPI adjustments and significantly enhanced environmental and insurance provisions. The franchise governs continued operation and maintenance of existing petroleum pipeline facilities within City rights‑of‑way.

Contract Details

Contract Amount

$23,000 annually in 2026 plus annual CPI increases starting in 2027

Vendor

OLYMPIC PIPE LINE COMPANY LLC

Agency

City of Redmond, WA

Contract Type

OTHER

Document Date

May 5, 2026

Contract Term

Initial 10-year franchise term effective January 1, 2026, with option to renew for an additional 10 years; may continue year-to-year if not renewed or terminated

Renewal Date

2036-01-01

Renewal Info

Franchise runs for an initial 10‑year term from 2026 with an option, at the City’s discretion, to renew for an additional 10 years if both parties express intent in writing; if not renewed or terminated, it can continue year‑to‑year. Either party may terminate at the end of the initial term or any one‑year extension with at least 30 days’ written notice.