Finance Committee Meeting
July 8, 2015
Finance Co-Chairman Carl Chauvin called to order the Finance Committee Meeting of the
Terrebonne Levee and Conservation District on July 8, 2015, at 6:00 P.M. at the Terrebonne
Levee and Conservation District Office located at 220 Clendenning Road, Houma, Louisiana.
Angela Rains led the opening prayer, and Commissioner Leward Henry led the Pledge of
Allegiance to the American Flag.
Upon roll call by Ms. Rains, Commissioners recorded as present were: Alford, Daisy, Henry,
Chauvin, Guidry, and Ledet. Commissioners Moore, Pinkston, and Shaffer are recorded as absent.
There was a motion by Commissioner Daisy, seconded by Commissioner Chauvin, to enter into
EXECUTIVE SESSION pursuant to La. R.S. 42:17 (A)(2), for the purpose of discussion on strategy sessions and/or negotiations with respect to discussion of the BP Litigation: in re: Oil
Spill of the Oil Rig “Deepwater Horizon”, United States District Court, Eastern District of
Louisiana; MDL No. 2179. There was a roll call vote on the motion: Yeas: Alford, Chauvin,
Daisy, Guidry, Henry and Ledet. No: None. Absent/and or not voting: Moore, Pinkston, Shaffer.
Motion passed.
There was a motion by Commissioner Ledet, seconded by Commissioner Henry, to return to the regular order of the agenda.
There was a motion by Commissioner Guidry, seconded by Commissioner Daisy, to approve the settlement offer made by BP Litigation presented in Executive Session, and authorize the
Executive Director to sign the subsequent resolution No. 15-016, also presented in Executive
Session. Motion passed. Resolution No. 15-016 was then read into the record: A resolution of the Terrebonne Levee & Conservation District in the State of Louisiana accepting a full and final settlement of all claims against BP and others resulting from the Deepwater Horizon Oil
Spill, authorizing the execution and delivery of a general release and other necessary documents and providing an immediately effective date. Be It Resolved by the Terrebonne Levee &
Conservation District (government entity) in the State of Louisiana that the Terrebonne Levee &
Conservation District (government entity) hereby accepts BP’s offer to pay the amountof
$200,000.00 for the Terrebonne Levee & Conservation District (government entity’s) economic losses and as full and final settlement of all claims against BP and others resulting from the
Deepwater Horizon Oil Spill; and Be It Further Resolved that the Terrebonne Levee &
Conservation District (authorized government official or designee) is authorized or directed to execute and deliver to BP a general release, in the form attached hereto (the “Release”), of all entities associated with that incident as listed in the attached Release, which form and substance are hereby approved; and Be It Further Resolved that the execution of the Release shall be deemed conclusive evidence of the approval and acceptance of the Release. This Resolution shall take effect immediately upon its execution. Resolved, passed, approved, and adopted this 8 th
day

Finance Committee Meeting
July 8, 2015
Page Two of July, 2015. (Governmental Entity Name) Terrebonne Levee & Conservation District. By:
Reggie Dupre, Jr., It’s Executive Director. Attest: Angela Rains.
Co-Chairman Chauvin recognized Rep. Gordon Dove, Tanner Magee, Jerome Zeringue, and J.J.
Buquet as present in the meeting.
Under Public Comments, Jerome Zeringue and Rep. Gordon Dove addressed the board regarding the BP settlement.
Under Management’s Report, Ms. Rains reviewed the Financial Report from 30 June 2015.
Motion: Henry, Seconded: Ledet. Motion passed.
Co-Chairman Chauvin asked for approval of the warrants for June 2015, as presented. Motion:
Daisy, Seconded: Henry. Motion passed.
Under Executive Director's Report, Mr. Dupre had nothing to report.
Under President’s Report, Mr. Alford had nothing to report.
There being no further business to come before the board, a motion was offered by
Commissioner Henry, seconded by Commissioner Ledet, motion carried, to adjourn the Finance
Committee Meeting at 6:37 o'clock P.M.
___________________________
Carl Chauvin, Co-Chairman
___________________________
Angela Rains, Secretary