TO:
Honorable Mayor and Members of the City Council
THROUGH:
Bruce Moe, City Manager
FROM:
Quinn Barrow, City Attorney
George Gabriel, Assistant to the City Manager
SUBJECT:Title
Consideration of a Resolution Opting In and Authorizing Settlement Agreements with Manufacturers Teva and Allergan and Chain Pharmacies CVS, Walgreens, and Walmart and Authorize City Manager to Participate in Future Opioid Settlement Agreements (City Attorney Barrow).
ADOPT RESOLUTION NO. 23-0039
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Recommended Action
RECOMMENDATION:
Staff recommends that the City Council:
1. Adopt Resolution No. 23-0039 opting in and authorizing settlement agreements with manufacturers Teva and Allergan and chain pharmacies CVS, Walgreens, and Walmart; and
2. Authorize the City Manager to participate in future opioid settlement agreements.
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FISCAL IMPLICATIONS:
Following settlement agreements the City Council previously authorized the City Manager to join, the City has received $59,271.35 from various opioid manufacturers. The amount Manhattan Beach could receive over the course of 18 years is estimated at $500,000 based upon a complicated allocation formula.
Should City Council adopt the proposed resolution opting into additional settlement agreements the City will receive additional funding, though the final figure is yet to be determined. However, the settlement administrator has indicated that the State of California may receive up to an additional $1.8 billion dollars. The City of Manhattan Beach's allocation will vary upon a formula and how many other cities join the settlement agreements.
BACKGROUND:
States and cities across the United States have filed thousands of lawsuits against companies involved in marketing, manufacturing, or distributing opioids to recover costs associated with the opioid overdose epidemic. Some of these lawsuits have led to nationwide settlement agreements with payouts to states and local po...
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