The City Council could approve a contract amendment with Covanta, which runs its trash-burning facility, that would give it all revenues through June 2024 as the city seeks bidders to develop the site, potentially with an organic waste recycling facility.
Officials say the bill could affect the city’s ability to pay to abandon oil wells, and it could also affect the financing of large city projects like the new Belmont Beach and Aquatics Center, replacing the Belmont Veterans Pier and improvements to the Long Beach Convention Center.
The governor on Sunday signed Assembly Bill 353, which allows the state to resume paying into the Oil Trust Fund, the primary source to cover the costs of cleaning up oil wells within Long Beach’s Tidelands.