Revised Settlement Agreement Offers Over $1 Million to Hoosick Falls

Saint-Gobain Performance Plastics and Honeywell International, the two companies held responsible for the PFOA water contamination in Hoosick Falls, offered a revised settlement this week that would pay over $1 million to the village.

This is an increase from the previous offer of $850,000 that was met with a great deal of criticism from village residents at a public meeting held to discuss the agreement last month.

The new agreement calls for Saint-Gobain and Honeywell to pay the village $1.045 million for the expenses incurred from the PFOA water contamination.

With this settlement agreement, the village would have to agree to not filing claims against the two companies for damages to the existing municipal water system.

A press release issued Wednesday states, “the agreement has been revised to ensure the village retains its right to pursue any other claims.”

These other claims could be for costs associated to, “new wells and related equipment, alternative water sources extensions or additions to the existing municipal water supply system, pollution from contaminants other than PFOA, and diminished property values.”

The proposed settlement will be considered at a board meeting being held today at 6 p.m. at the Hoosick Falls Armory.

Read the full story here.

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