Chevron, El Segundo reach $134 million settlement
The Chevron refinery in El Segundo. Photo by Pedro Szekely After a year of intense negotiations that began with the firing a former city manager, the City of El Segundo and Chevron have tentatively agreed to a settlement in which city will receive an estimated $134 million over the next 15 years in lieu of disputed tax payments. The City Council on Tuesday night voted 4-1 in favor of the proposed settlement. A finalized formal agreement is not expected until February or March. “This has been a long hard and disturbing battle for a year now,” said Mayor Carl Jacobson. “Everybody on the council and on Chevron staff has worked extremely hard to hammer out this agreement.” Jacobson stressed that the settlement does not represent a new tax. “It’s an amount that Chevron has agreed to, not a tax that has been put on by the city,” he said. “…I appreciate what Chevron has done. They have come to the table – it hasn’t always been easy for either side, but I am glad we are at this point.” The only dissenting vote came from Councilman Dave Atkinson, who praised aspects of the proposed settlement but ultimately didn’t believe the city was receiving enough money from Chevron. “I do not feel…
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