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Committee forwards tolling agreement extension with Chevron to full Board as committee report
Summary
The committee voted 3-0 to forward a resolution retroactively approving a tolling agreement that extends the statute of limitations through May 31, 2024 between the City and Chevron USA entities over responsibility for plugging and abandoning oil wells and remediating potential contamination on city-owned property in Kern County.
The Government Audit and Oversight Committee on March 7, 2024 voted unanimously to forward to the full Board a resolution approving a tolling agreement between the city and Chevron USA Holdings Inc. / Chevron USA Inc. The agreement would extend the statute of limitations through May 31, 2024 to allow possible resolution of disputes over…
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