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Agenda Item # 11.g.
City Commission Regular Meeting - 6:00 pm
Meeting Date:
12/06/2021
Re
Potential Settlement of Opioid Litigation - Participation Agreements
Submitted For:
Tanya Earley

SUBJECT:

Approval of participation agreements on behalf of the City of Fort Pierce as required under Resolution 21-R44 and as part of the potential settlement of Opioid Litigation. 

SUMMARY:

On August 2, 2021, the City Commission passed Resolution 21-R44 approving participation in the settlement of a nationwide class action lawsuit against the makers and distributors of certain opioid drugs. The next step in the settlement process is the execution of participation agreements.  The participation agreements release all claims against the settling defendants in exchange for the payment of settlement funds. Such funds will be distributed to Fort Pierce in accordance with regional and statewide agreements. The regional agreement is a separate agenda item for the December 6, 2021, meeting. The statewide allocation agreement, which was approved in concept by Resolution 21-R44, will be finalized at a later date. It is attached to this agenda for informational purposes. 

RECOMMENDATION:

Approval

ALTERNATIVES:

Disapproval of the participation agreements.

RESPONSIBLE STAFF:

Tanya Earley, City Attorney

COORDINATED WITH:

Nicholas Mimms, City Manager

Fiscal Impact

Budgeted Y/N:
N
Fiscal Year:
2022

OTHER INFORMATION:

If the settlement is effectuated, the City could obtain funds to be used in combating the effects of opioid addiction.

Attachments

Form Review

Inbox Reviewed By Date
City Manager Nick Mimms 11/22/2021 03:30 PM
Form Started By:
tearley
Started On:
11/22/2021 10:14 AM
Final Approval Date:
11/22/2021