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Beach Park board approves resolution to accept Monsanto settlement and sequester proceeds
Summary
The Village of Beach Park approved a resolution to accept a proposed settlement with Monsanto over PCB stormwater contamination and to place any proceeds into a sequestered fund while awaiting further study and potential cleanup obligations.
The Village of Beach Park board voted to approve Resolution 32, authorizing acceptance of a proposed settlement with Monsanto Company related to PCB contamination of stormwater and directing that any settlement proceeds be sequestered pending further study.
The presenter told the board Beach Park is a co‑plaintiff alongside several North Shore communities. Under the settlement model the village would receive $1,166,370 paid in three installments over five years, with…
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