Title
Subject: County Of Santa Clara, Et Al. V. Atlantic Richfield Co., Et Al.
From: Office Of The City Attorney
Recommendation: Adopt A Resolution Authorizing And Directing The City Attorney And City Administrator To Enter Into A Partial Settlement And Disposition Of Lead Paint Settlement Funds From The Settlement Of County Of Santa Clara, Et. Al. V. Atlantic Richfield Co, Et. Al., Santa Clara County Superior Court Case No. 1-00-Cv-788657, City Attorney’s File No. X00625, As Follows:
(1) 60% Of Settlement Funds, Approximately $14,000,000, To Be Spent In Oakland For Lead Poisoning Prevention Purposes (“City Services Allocation”);
(2) 20% Of City Services Allocation, $4,797,184.58, To Be Disbursed Upon Execution Of Memorandum Of Understanding To The City Of Oakland To Fund Development Of An Equity Based Lead Program;
(3) 40% Of Present And Future Settlement Funds, Approximately 9,600,000, To Be Distributed To The County Of Alameda To Enhance And Expand Existing Services For Lead Poisoning Prevention In Alameda County;
(4) The Remaining 40% Of The City Services Allocation To Be Held In Trust By County Treasurer Subject To An Agreement By The City And The County On Disbursement;
(5) The City Administrator To Enter Into The Attached Memorandum Of Understanding Setting Out These Preceding Terms (Office Of The City Attorney - Public Nuisance Enforcement Action)