- Associated Press - Wednesday, August 5, 2015

LAFAYETTE, La. (AP) - The Lafayette Consolidated Government has announced that its payout in a settlement with BP for economic losses resulting from the 2010 Deepwater Horizon disaster has been finalized.

The Advertiser reports (https://bit.ly/1SOinWG) officials announced Tuesday that Lafayette was awarded $279,769. The city-parish filed a claim in 2013. Several public entities in the state had already reached settlement agreements.

Officials say the law firm’s fee would be 15 percent of the payout.

Dee Stanley, chief administrative officer of the city-parish, says they are still determining how the money will be spent.

Chief Financial Officer Lorie Toups says it’s possible that administration and the council will split the money between the city and parish general funds based on population.

Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times is switching its third-party commenting system from Disqus to Spot.IM. You will need to either create an account with Spot.im or if you wish to use your Disqus account look under the Conversation for the link "Have a Disqus Account?". Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide