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07/13/2015 - BP Deepwater Horizon City Council Meeting Minutes July 13, 2015 City of Clearwater City Hall 112 S. Osceola Avenue Clearwater, FL 33756 e d s w r' �mu Meeting Minutes Monday, July 13, 2015 3:10 PM Special City Council Meeting Council Chambers City Council Page 1 City of Clearwater City Council Meeting Minutes July 13, 2015 Roll Call Present: 5 - Mayor George N. Cretekos, Councilmember Doreen Hock-DiPolito, Councilmember Bill Jonson, Councilmember Hoyt Hamilton and Vice Mayor Jay E. Polglaze Also Present: William B. Horne I I — City Manager, Jill Silverboard —Assistant City Manager, Rod Irwin - Assistant City Manager, Pamela K. Akin - City Attorney, Rosemarie Call - City Clerk, and Nicole Sprague — Official Records and Legislative Services Coordinator To provide continuity for research, items are listed in agenda order although not necessarily discussed in that order. 1. Call to Order— Mayor Cretekos The meeting was called to order at 3:10 p.m. at City Hall. 2. Citizens to be heard re items not on the agenda — None. 3. City Attorney Reports 3.1 Accept a full and final settlement of all claims against BP and others resulting from the Deepwater Horizon oil spill and adopt Resolution 15-18. Outside Counsel Kevin Dean said the Motley Rice firm has been representing the City since May 2012. The firm was retained to pursue the City's economic losses due to the oil pollution act. The settlement amount is not confidential but the settlement releases proposed are confidential. In April 2013, the firm filed suit for the City when the demand to BP was denied. The settlement proposal presented to the City was $8,139,039, which are unrestricted funds and due to the City within 60-90 days. The attorneys fees will be approximately$1,627,807.80. Mr. Dean said the expenses incurred with the litigation are $30,878.99, which includes forensic accounting fees that were paid to Dixon Hughes. In response to questions, Mr. Dean said the firm believes the City's settlement is fair and reasonable and recommends accepting this offer. How the City of Tampa arrived at their calculations is not known. For the City's demand, the firm calculated losses for 2010, which included property tax loss, projected losses for five years, and applied a 2% growth rate. Tourism taxes and enterprise funds losses were included in Page 2 City of Clearwater City Council 4. Adjourn Attest . Meeting Minutes July 13, 2015 the City's calculations. The claims facility will continue to operate through 2020. Councilmember Hamilton moved to accept a full and final settlement of all claims against BP and others resulting from the Deepwater Horizon oil spill. The motion was duly seconded and carried unanimously. Resolution 15 -18 was presented and read by title only. Councilmember Doreen Hock - DiPolito moved to adopt Resolution 15 -18. The motion was duly seconded and upon roll call, the vote was: Ayes: 5 - Mayor Cretekos, Councilmember Hock - DiPolito, Councilmember Jonson, Councilmember Hamilton and Vice Mayor Polglaze tic' City Clerk City of Clearwater The meeting adjourned at 3:26 p.m. c,2orl,w^cIt tot Mayor City of Clearwater Page 3