RESOLUTION NO. 125996

Resolution 125996 protocol for the dedication BP Settlement Funds

On joint motion of all Council members present, the following resolution was offered:  

RESOLUTION NO. 125996

A resolution stating the intent of the Jefferson Parish Council to establish a protocol for the dedication, distribution and expenditure of that portion of the BP Settlement Funds allocated to the General Fund of Jefferson Parish; and otherwise providing with respect thereto. (Parishwide)

WHEREAS, Jefferson Parish has received an amount of $35,031,277.25 as settlement from BP for the loss of General Fund tax revenues resulting from the effects on our economy from the BP oil spill; and

 WHEREAS this Council wishes to dedicate the first Twenty Million Dollars ($20,000,000) of these funds to complete worthy but unfunded or underfunded improvement projects distributed on an equitable basis throughout the Parish; and to dedicate the remainder of these funds to address flood control and coastal erosion issues to prevent further damage to our coastline, the first line of defense against hurricane and storm devastation;

NOW, THEREFORE, BE IT RESOLVED by the Jefferson Parish Council, acting as the governing authority of the Parish of Jefferson, Louisiana, hereby resolves:

SECTION 1. That this Council hereby states its intent to establish a protocol for the dedication, distribution and expenditure of that portion of the BP Settlement Funds allocated to the General Fund of Jefferson Parish, as follows:

  • The first Twenty Million Dollars ($20,000,000.00) from that portion of the BP Settlement Funds allocated to the General Fund of Jefferson Parish shall be allocated in equal portions to Council Districts 2, 3, 4, and 5 (an amount of Five Million Dollars ($5,000,000.00) for each of these four districts) to be expended for any lawful governmental purpose in said districts, provided that each such expenditure is approved by Council ordinance amending the Parish budget.
  • The remainder of that portion of the BP Settlement Funds allocated to the General Fund of Jefferson Parish after the dedication as stated above of the first $20,000,000 of said fund [an amount of approximately Fifteen Million Thirty –One Thousand Two Hundred and Seventy-Seven Dollars and Twenty-Five Cents ($15,031,277.25)] shall be .dedicated to fund projects to address flood control and coastal erosion issues in Council Districts 1 and 3 of Jefferson Parish, provided that each such expenditure is approved by Council ordinance amending the Parish budget.

SECTION 2. That the Finance Department is hereby authorized and directed to perform whatever ancillary actions are required to give full force and effect to this resolution.

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

          YEAS: 7                 NAYS: None                     ABSENT: None

The resolution was declared to be adopted on this 4th day of November, 2015.