ACCOUNT WILL PAY OFF RAMPART LAWSUITS.Byline: Rick Orlov Orlov (Орлรณв) is the name of a Russian noble family which produced several distinguished statesmen, diplomatists and soldiers. The family first gained distinction in the person of four Orlov brothers, of whom the senior was Catherine the Great's Staff Writer Faced with the prospect of paying hundreds of millions of dollars over Los Angeles Police Department "LAPD" and "L.A.P.D." redirect here. For other uses, see LAPD (disambiguation).  This article or section is written like an . scandal lawsuits, the City Council
created a special reserve account Wednesday Wednesday: see week. , rejecting use of tobacco
settlement funds.
The council voted 10-1 to create the reserve account for major cases and to begin putting in money for potential future settlements. However, it delayed for one week putting in the first $20 million payment. Mayor Richard Riordan Richard J. Riordan (born May 1, 1930) is a Republican politician from California, U.S. who served as the California Secretary of Education from 2003–2005 and as Mayor of Los Angeles from 1993–2001. Riordan ran for Governor of California unsuccessfully in 2002. had proposed selling the $300 million in funds due the city over the next 25 years from the national tobacco lawsuit lawsuit: see procedure; tort. settlement to bring in $100 million now. Councilman Mike Feuer, who chairs the council's Budget and Finance Committee, said the council's action will provide flexibility for city leaders by not tying up a guaranteed source of revenue. ``We can't afford to make decisions now that we would regret Regret See also Remorse. Epimetheus Pandora’s husband; regretted opening box. [Gk. Myth.: Kravitz, 90] Hale, Nathan (1755–1776) American Revolutionary spy, hanged by British; regretted only having one life to give for later,'' Feuer said. ``We have to strike a balance of the goals of funding the liability of Rampart with the least cost to the city and the maximum flexibility for this council and this mayor, and for future councils and future mayors.'' Aides to Riordan would not say whether he will agree to the council proposal, only that he is continuing to look at all options to pay for Rampart Division lawsuits and settlements. Feuer said his concern is in seeing that there be no cuts in service, which will be accomplished with the council's proposal. |
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