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15-8458
| 1 | | | Ordinance | Bill 47
Amending the 2026 Capital Fund Budget to provide for a supplemental appropriation of Six Hundred Forty-Nine Thousand One Hundred Thirty-Nine Dollars and Fifteen Cents ($649,139.15) from the Aqueous Film-Forming Foams (AFFF) class action awards to offset the cost of any PFAS remediation systems the City is required to install under federal and state regulations. The 3M settlement payment will be made in eight more installments through 2033. The first settlement payment from BASF is in the amount of $190,684.62. Additionally, there was a settlement payment from TYCO in the amount of $458,454.53. The total of these sources thus far is $649,139.15 and represents 95% of Tyco and BASF settle claims. The total amount of settle funds the City has received thus far through its participation in PFAS affirmative litigation is $3,774,965.12. | | |
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