Loading...
HomeMy WebLinkAboutReso 60-24 Kroger Opioid SettlementRESOLUTION NO. 60-24 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, AUTHORIZING THE CITY OF MORRO BAY TO ENTER INTO THE MASTER SETTLEMENT AGREEMENT WITH KROGER CO (INCLUDING THE RELATED PARTICIPATION AGREEMENTS); AGREE TO THE TERMS OF THE RELATED STATE - SUBDIVISION AGREEMENTS AND AUTHORIZE ENTRY INTO THE RELATED STATE -SUBDIVISION ALLOCATION AGREEMENTS WITH THE ATTORNEY GENERAL; AND AUTHORIZING THE CITY MANAGER TO CARRY OUT FURTHER RELATED ACTS THE CITY COUNCIL City of Morro Bay, California WHEREAS, the United States is facing an ongoing public health crisis of opioid abuse, addiction, overdose, and death, forcing the State of California and California counties and cities to spend billions of dollars each year to address the direct consequences of this crisis; and, WHEREAS, pending in the U.S. District Court for the Northern District of Ohio is a multidistrict litigation ("MDL") being pursued by numerous public entity plaintiffs against the manufacturers and distributors of various opioids based on the allegation that the defendants' unlawful conduct caused the opioid epidemic; and, WHEREAS, on or about September 8, 2023, a proposed nationwide tentative settlement was reached between the plaintiffs in the MDL and Kroger Co. ("Kroger"); and, WHEREAS, as part of the settlement with Kroger, local subdivisions, including certain cities, that are not plaintiffs in the MDL may participate in the settlement in exchange for a release of Kroger ("Participating Subdivision"); and, WHEREAS, copies of the proposed terms of those proposed nationwide settlements have been set forth in the Master Settlement Agreement with Kroger; and, WHEREAS, copies of the Master Settlement Agreement have been made available to the City Council with this Resolution ("Master Settlement Agreement"); and, WHEREAS, the Master Settlement Agreement provide, among other things, for the payment of up to approximately $1.2 billion to settling government entities in the United States, including to the State of California and Participating Subdivisions upon occurrence of certain events as defined in the Master Settlement Agreements ("Califomia Opioid Funds"); and, WHEREAS, in order to become a Participating Subdivision, the City must enter into "Participation Agreements" which allow participation in the Master Settlement Agreement; and, WHEREAS, California local governments in the MDL have engaged in extensive discussions with the State Attorney General's Office ("AGO") as to how the California Opioid Funds will be allocated, which has resulted in the Proposed Califomia State -Subdivision Agreements Regarding Distribution and Use of Settlement Funds ("Allocation Agreements") from 01181.0001 / 1013686.1 the settlements with the Settling Defendants; and, WHEREAS, copies of the Allocation Agreements for all of the settlements with the Settling Defendants have been made available to the City Council with this Resolution; and, WHEREAS, under the Master Settlement Agreement, certain local subdivisions that did not file a lawsuit against the Settlement Defendants may qualify to participate in the settlements and obtain funds from the Abatement Account Fund; and, WHEREAS, the City is eligible to participate in the Master Settlement Agreements and become a CA Participating Subdivision; and, WHEREAS, City's share of the CA portion of the settlement funds will be determined based upon a final calculation as provided in the Allocation Agreements (the "Local Allocation"); and, WHEREAS, a CA Participating Subdivision that is a city will be allocated its Local Allocation share as of the date on which it becomes a Participating Subdivision. The Local Allocation share for a city that is a CA Participating Subdivision will be paid to the county in which the city is located, unless the city elects to take a direct election of the settlement funds, so long as: (a) the county is a CA Participating Subdivision, and (b) the city has not advised the Settlement Fund Administrator that it requests direct payment at least 60 days prior to a Payment Date; and, WHEREAS, it is the intent of this Resolution to authorize the City to enter into the Master Settlement Agreements with the Settling Defendants by executing the Participation Agreements and to enter into the Allocation Agreements by executing the signature pages to those agreements. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MORRO BAY, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Recitals set forth above are true and correct and are incorporated into this Resolution by this reference. Section 2. Approval and Authorization. The City Manager is hereby approved and authorized to settle and release the City's claims against Kroger in exchange for the consideration set forth in the Master Settlement Agreement, Participation Agreement, Allocation Agreement, and all exhibits thereto. Section 3. Further Acts. The City Manager is hereby authorized to carry out all necessary acts such that the City can participate in the Master Settlement Agreement, including, without limitation, execution (as necessary) of the Participation Agreement, Master Settlement Agreement, Allocation Agreement, and all related documents; and the transmittal of thereof as necessary and appropriate. Section 4. Ratification. All actions heretofore taken by the City Council and other appropriate public officers and agents of the City with respect to the matters contemplated under this Resolution are hereby ratified, confirmed and approved. 111 01181.000111013686.1 Section 5. Certification, Adoption and Effective Date. That the City Clerk shall certify to the passage and adoption of this Resolution and enter it into the book of original Resolutions. This Resolution shall be effective immediately upon passage and adoption. PASSED, APPROVED AND ADOPTED by the City Council, City of Morro Bay, at a regular meeting held on the 10th day of September, 2024 by the following vote: AYES: Wixom, Barton, Edwards, Ford, Landrum NOES: None ABSENT: None ABSTAIN: None RECUSE: None 11U VD k n-n CAR WIXOM, Mayor ATTEST: 2L,4� DANA SWANSON, City Clerk 01181.000111013686.1