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Item # 4.

Council Meeting

Meeting Date:	03/08/2022
Department:	City Manager
Pillars:	Gold Standard in Financial Health

AGENDA CAPTION:

Consider Action on a Resolution Authorizing the City Manager to Execute such Subdivision Election and Release Forms as may be Required by the Texas Attorney General In Connection with the Town's Participation in the Opioid Litigation Settlement Previously Authorized by the City Council with the Passage of Resolution R21-093.

BACKGROUND:

On December 14, 2021, the Addison City Council passed Resolution R21-093 authorizing the City Manager to participate in the Texas Opioid Settlement with certain pharmaceutical distributors and one manufacturer. The Town's settlement amount was estimated to be approximately $58,094 which can be used for specified purposes such as expanded training and supplies for first responders, opioid related treatment programs, and opioid abuse prevention programs.

This proposed Resolution will authorize settlement with additional defendants, including pharmaceutical manufacturers Endo Health Solutions Inc. (“Endo”) and Teva Pharmaceutical Industries Ltd. (“Teva”). If the City Council approves this Resolution the Town may be eligible to receive settlement proceeds.

The Town is required to take affirmative steps to ‘opt in’ to these related settlement agreements to receive the settlement funds. Staff is therefore requesting authorization to execute all subdivision election and release forms and other necessary settlement document for submission to the Attorney General’s office to continue the Town's participation in the opioid litigation settlement.

RECOMMENDATION:

Administration recommends approval.

Attachments
Resolution - Texas Opioid Settlement 2022
Subdivision Release Form - Endo
Subdivision Release Form - Teva