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A RESOLUTION AUTHORIZING THE CITY OF FOLEY TO JOIN THE STATE OF ALABAMA AND OTHER LOCAL GOVERNMENTS AS PARTICIPANTS IN THE ENDO SETTLEMENT
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WHEREAS, the opioid epidemic continues to impact communities in the United States, the State of Alabama, and the City of Foley, Alabama.
WHEREAS, the City of Foley has suffered harm and will continue to suffer harm as a result of the opioid epidemic;
WHEREAS, the State of Alabama and some Alabama local governments have filed lawsuits against opioid manufacturers, distributors, and retailers (“Opioid Litigation”);
WHEREAS, the State of Alabama has entered into a Settlement Agreement with Endo Health Solutions Inc. and Endo Pharmaceuticals Inc. (“Endo”), which includes the claims for the State of Alabama’s local governments, and the City of Foley finds the terms of the Settlement Agreement acceptable and in the best interest of the community;
WHEREAS, the State of Alabama has proposed an Endo Settlement Sign-On Agreement to the local governments and the City of Foley finds the terms of the Sign-On Agreement acceptable and in the best interest of the community;
WHEREAS, the Settlement Agreement and Sign-On Agreement detail the allocation of Settlement Funds, which the City of Foley finds acceptable and in the best interest of the community;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF FOLEY, ALABAMA,
Section 1. That the City of Foley finds that participation in the Endo Settlement, Settlement Agreement and Sign-On Agreement is in the best interest of the City of Foley and its citizens because such a plan would ensure an effective structure for the commitment of Settlement Funds to abate and seek to resolve the opioid epidemic.
Section 2. That the City of Foley hereby expresses its support for the Endo Settlement and allocation and use of Settlement Funds as generally described in the Settlement Agreement and Sign-On Agreement.
Section 3. That the City of Foley’s Mayor (“City Mayor”) is her...
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