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Waldwick attorney says PFAS settlement payouts will be phased; borough recommends reserving funds for water needs
Summary
The borough attorney outlined an unclear but phased payout schedule for the 3M/DuPont PFAS settlements and the borough administrator recommended earmarking funds for water-related expenses such as filter-media replacement; exact dollar amounts remain unknown.
The borough’s legal counsel updated the council and residents on the status of PFAS litigation settlements and the likely timing and structure of payments to municipalities.
The borough attorney said the claims administrator will apply a formula that yields 13.47% of a municipality’s adjusted base score as the borough’s settlement figure under the 3M and DuPont agreements. "It’s a convoluted formula," the attorney said, and cautioned that the borough is still waiting to see how this converts into actual dollar amounts and what deductions will…
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