RESOLUTION NO. 125245

Resolution No.125245 JP Accepting a Settlement against all BP Deepwater Horizon Claims

On motion of Mr. Lagasse, seconded by Mr. Roberts, the following resolution was offered as amended:

RESOLUTION NO.  125245

A RESOLUTION OF THE JEFFERSON PARISH COUNCIL OF JEFFERSON PARISH, LOUISIANA ACCEPTING A FULL AND FINAL SETTLEMENT OF ALL CLAIMS AGAINST BP AND OTHERS RESULTING FROM THE DEEPWATER HORIZON OIL SPILL, AUTHORIZING THE EXECUTION AND DELIVERY OF GENERAL RELEASES AND OTHER NECESSARY DOCUMENTS BY THE PARISH AND ITS SPECIAL DISTRICTS, AND PROVIDING AN IMMEDIATELY EFFECTIVE DATE

WHEREAS, the law firms of Gaudry, Ranson, Higgins & Gremillion, L.L.C. and Boykin and Utley, LLC were retained by the Parish of Jefferson and its Special Districts to pursue claims for economic losses due to the Deepwater Horizon oil spill of April 20, 2010; and,

WHEREAS, a presentment of claims was made on or about December 12, 2012, in accordance with law, in the lawsuit filed on behalf of the Parish and its Special Districts; and,

WHEREAS, by Amended Confidentiality Order by United States Magistrate Judge Shushan dated July 2, 2015, the Jefferson Parish Council was authorized  to hold an executive session to review and approve the recommended settlement amount, which executive session was held at a duly called meeting on July 1, 2015; and,

WHEREAS, counsel for the Parish of Jefferson and its Special Districts has recommended settlement of the Parish’s and Special District’s claims:

NOW, THEREFORE, BE IT RESOLVED by the Jefferson Parish Council of Jefferson Parish, Louisiana, on behalf of the Parish of Jefferson and its Special Districts:

SECTION 1:  That the Parish of Jefferson and its Special Districts accept BP’s offer to pay the following amounts for economic losses and as full and final settlement of all claims against BP and others resulting from the Deepwater Horizon Oil Spill:

125245 table

SECTION 2: That the Council Chairman, or in his absence, the Vice-Chairman, is authorized and directed to execute and deliver to BP general releases, in the form(s) attached hereto, (the “Release”) of all damages resulting from or associated with the Deepwater Horizon Oil Spill, in favor of BP and all entities associated with that incident as listed in the attached Releases, which form and substance are hereby approved, and such other documents as necessary to give full force and effect to this resolution.

SECTION 3:  That the execution of the Releases shall be deemed conclusive evidence of the approval and acceptance of the Releases.

The resolution having been submitted to a vote, the vote thereon was as follows:

YEAS:  7      NAYS:  None       ABSENT:  None

This resolution was declared adopted on this, the 9th day of July, 2015.