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HomeMy WebLinkAboutMINUTES - 02231988 - S.5 Fri "T'O• BOARD OF SUPERVISORS FROM: Sunne Wright McPeak /��,_a Nancy C. Fanden V,�,((..,,����,��}``,n, ra Introduced February 16 , 1988 , for CWLa DATE: Action on February 23 , 1988 @ CO^ SUBJECT: International Technology, Inc. (IT) and Prospective Corporate , Reorganization SPECIFIC REQUEST(S) OR RECOMMENDATION(S) & BACKGROUND AAD JUSTIFICATION RECOMMENDATION In order to be prepared to secure adequate financial assurances for environmentally safe closure of the IT hazardous waste ponds in the event IT takes steps to initiate corporate reorganization (Chapter 11) , bankruptcy (Chapter 13) , or sell the vine Hill-Baker properties, the Board of Supervisors directs the following actions: a. Request County Counsel, in consultation with the Health Services Department, to communicate directly with IT and attempt to ascertain in writing its plans and intentions for its facilities and ponds in Contra Costa County. b. Direct County Counsel and Contra Costa Health Services Department to request assistance from the State Attorney General and the State Department of Health Services for intervention to secure financial assurances for closure; C. Direct County Counsel and the District Attorney to consult on all possible legal options available to the county to prevent IT from defaulting on its responsibilities to complete an environmentally safe closure of the ponds at Baker/vine Hill. d. Direct County Counsel to prepare necessary documents to petition the courts and all other relevant authorities for environmental and financial protection for Contra Costa County should IT take legal steps to initiate corporate reorganization, bankruptcy or sell properties. e. Request County Counsel to accelerate action on earlier referral (Fanden/McPeak) to determine feasibility of a local ordinance establishing authority for Contra Costa County to secure financial assurance ( including liens against the property) for closure of ponds from existing operations or upon transfer of property. CONTINUED ON ATTACHMENT: XX YES SIGNATURE: RECOMMENDATION OF COUNTY ADMINISTRATOR RECOMMENDATION OF BOARD COMMITTEE APPROVE OTHER SIGNATURE(S1: ACTION OF BOARD ON February 23, 1988 APPROVED AS RECOMMENDED X OTHER VOTE OF SUPERVISORS I HEREBY CERTIFY THAT THIS IS A TRUE X UNANIMOUS (ABSENT _ AND CORRECT COPY OF AN ACTION TAKEN AYES: NOES. AND ENTERED ON THE MINUTES OF THE BOARD ABSENT: ABSTAIN: OF SUPERVIS``O77RS ON THE DATE SHOWN. , CC: County Counsel ATTESTED 3 Health Services Director '- - - -- PHIL BATCHELOR. CLERK OF THE BOARD OF District Attorney SUPERVISORS AND COUNTY ADMINISTRATOR County Administrator . o M382/7-83 BY .Es,L..� ,DEPUTY International Technology, Inc. (IT) and Prospective Corporate Reorganization Introduced February 16, 1988, for Action on February 23, 1988 Page 2 f. Support Congressman George Miller' s request to the EPA to evaluate the financial viability of IT nationwide to insure that the company has the resources to meet all of its liabilities.