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Wausau council rejects proposal to sell PFAS settlement payments, citing loss of funds and conflicts
Summary
After extended debate, the Wausau Common Council voted 0-11 to reject a master payment purchase and joiner agreement that would have converted future PFAS settlement payments into a discounted lump sum; council members raised concerns about forfeiting hundreds of thousands of dollars and potential conflicts involving the purchaser and law firm.
The Wausau Common Council on Nov. 25 unanimously rejected a proposal to sell or assign future PFAS settlement payments to a buyer offering a discounted lump-sum payment. The motion to approve the master payment purchase agreement and joiner agreement failed on a roll call, 0-11.
Council debate centered on whether accepting a discounted lump sum would shortchange the city's recovery from PFAS-related claims. Alder Rasmussen opposed the deal,…
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