HomeMy WebLinkAbout10-28-21-8.11 - Resolution - 10/28/2021
RESOLUTION NO. 10-28-21-8.11
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS, SUPPORTING THE ADOPTION AND APPROVAL OF THE TEXAS OPIOID
ABATEMENT AND FUND COUNCIL AND SETTLEMENT ALLOCATION TERM
SHEET.
WHEREAS, the City of College Station has obtained information indicating that the State of
Texas joined a broad coalition of states and political subdivisions in suing certain drug companies
and their corporate affiliates, parents, subsidiaries, and such other defendants as may be added
to the litigation (collectively, “Defendants”) for allegedly engaging in fraudulent and/or
reckless marketing and/or distribution of opioids that have resulted in addictions and
overdoses; and
WHEREAS, these alleged actions have resulted in significant financial costs to the City of
College Station; and
WHEREAS, on May 13, 2020, the State of Texas, through the Office of the Attorney General,
and a negotiation group for Texas political subdivisions entered into an Agreement entitled
Texas Opioid Abatement Fund Council and Settlement Allocation Term Sheet (hereafter, the
“Texas Term Sheet”) attached hereto as Exhibit “A”, approving the allocation of any and all
opioid settlement funds within the State of Texas; and
WHEREAS, Special Counsel and the State of Texas have recommended that the City Council
of the City of College Station support the adoption and approval the Texas Term Sheet in its
entirety; now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF COLLEGE STATION,
TEXAS:
PART 1: That the facts and recitations set forth in this Resolution are declared true and
correct.
PART 2: That the City Council finds there is a substantial need for repayment of opioid-
related expenditures and payment to abate opioid-related harms in and about the
City of College Station.
PART 3: That the City Council supports in its entirety and hereby adopts the allocation
method for opioid settlement proceeds as set forth in the Texas Term Sheet,
attached hereto as Exhibit A, understanding that the purpose of this Texas Term
Sheet is to permit collaboration between the State of Texas and Political
Subdivisions to explore and potentially effectuate resolution of the opioid
litigation and to create an effective means of distributing any potential
settlement funds obtained under this Texas Term Sheet between the State of
Texas and Political Subdivisions in a manner and means that would promote an
effective and meaningful use of the funds in abating the opioid epidemic in
College Station and throughout Texas.
PART 4: That this Resolution shall take effect immediately from and after its passage.
ADOPTED this 28th day of October, 2021.
ATTEST: APPROVED:
______________________________ _________________________________
City Secretary MAYOR
APPROVED:
_______________________________
City Attorney
EXHIBIT A