CITY OF LAUDERDALE LAKES
Agenda Cover Page Fiscal Impact: No Contract Requirement: No Title RESOLUTION 2021-050 STATEWIDE OPIOID LITIGATION Summary This resolution supports and authorizes the City of Lauderdale to join as participant in non-binding agreement on the terms of proposed Memorandum of Understanding (MOU) and other formal agreements implementing a unified plan between the State of Florida and participating local governments pertaining to the allocation and use of proceeds of negotiated settlement of legal and equitable claims against certain pharmaceutical supply chain participant for harm caused by the opioid epidemic. Staff Recommendation Background:
The State of Florida and lawyers representing certain various local governments involved in the Opioid Litigation have proposed a unified plan for the allocation and use of prospective settlement dollars from opioid related litigation. The Florida Memorandum of Understanding (the “Florida Plan”) sets forth a framework of a unified plan for the proposed allocation and use of opioid settlement proceeds and it is anticipated that formal agreements implementing the Florida Plan will be entered into at a future date. Participation in the Florida Plan by a large majority of Florida cities and counties will materially increase the amount of funds to Florida and should improve Florida’s relative bargaining position during additional settlement negotiations. Funding Source:
N/A
Fiscal Impact:
Sponsor Name/Department: Phil Alleyne/City Manager's Office Meeting Date: 5/11/2021 |