FOLEY, Ala. — The city of Foley has finally come to terms with BP Oil for its responsibility in the 2010 oil spill in Gulf Coast waters.
Following a 45-minute executive session during its regular meeting Monday, the Foley City Council voted to …
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FOLEY, Ala. — The city of Foley has finally come to terms with BP Oil for its responsibility in the 2010 oil spill in Gulf Coast waters.
Following a 45-minute executive session during its regular meeting Monday, the Foley City Council voted to accept a settlement with the oil company for $875,000.
“We think it’s a good thing for the city of Foley,” Foley Mayor John Koniar said in an interview following the meeting.
According to Foley City Administrator Michael Thompson, the spill’s impact on each Baldwin County community varied.
“Sales tax was our biggest issue,” he said of Foley’s financial losses following the accident. “Orange Beach and Gulf Shores lost lodging revenue.”
Thompson explained that like Foley, each of those impacted communities is working on its own settlement with BP.
Now that Foley’s settlement has been approved, Koniar said he expected the paperwork to be completed this week and the funds to be received in approximately two weeks. Once the funding has been secured, he added, caution will be used in its spending.
“In the short term, we’re going to be conservative with those funds,” the mayor said. “In the long term, we’ll evaluate how we can best use them.”
Also Monday, the Foley City Council: