File #: 210067    Version: 1 Name: Settlement of Unlitigated Claim - Pacific Gas & Electric Company - Not to Exceed $190,000,000
Type: Resolution Status: Passed
Introduced: 2/2/2021 In control: Clerk of the Board
On agenda: 2/2/2021 Final action: 3/12/2021
Enactment date: 3/12/2021 Enactment #: 093-21
Title: Resolution approving settlement of the City’s claims against Pacific Gas & Electric Company (“PG&E”) concerning environmental pollution at the Marina East Harbor; City to dismiss claims against PG&E pursuant to cost-sharing agreement whereby PG&E and City will cooperate on the environmental cleanup and reconstruction of the Marina Yacht Harbor; PG&E to pay up to $190 million toward the cleanup and reconstruction, with the Recreation and Park Department to repay PG&E up to $29.4 million over 30 years solely out of Marina revenues; other material terms include possible recording of land use covenants, mutual indemnity, and each party to bear its own legal costs.
Attachments: 1. Leg Ver1, 2. Comm Pkt 021821, 3. Board Pkt 030221, 4. Leg Final
Related files: 231191
Legislation Details
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