County declines BP offer

Published: Thursday, April 18, 2013 at 09:19 AM.

He said the county, which had filed a preliminary presentment of its claim within the required time period, would likely have to file litigation if an acceptable offer on the county’s claims – which rest in large measure on loss of ad valorem taxes and erosion of property values since 2010 – was not forthcoming by the end of the week.

“We should know a lot more in the next 48 hours I would think,” Novak said.

During the open public portion of Tuesday’s meetings, Martin presented the case for the TDC claim and an offer from BP that arrived over the weekend.

Martin, noting that the TDC had received an interim settlement of $119,000, which did not bar the TDC from pursuing additional claims, said the TDC claim proved tricky.

Martin said BP has used a comparison model to examine claims and that meant comparing 2010 TDC revenue against prior years.

However, the TDC experienced growth in 2010, though less than in immediately prior years, and had continued that growth since the oil spill.

For example, TDC revenue was $642,000 in 2007 before steadily climbing to $741,000 in 2010.

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