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CC RESOLUTION 5297RESOLUTION NO. 5297 A RESOLUTION APPROVING PARTICIPATION IN TWO NATIONAL OPIOID LITIGATION SETTLEMENTS AND AUTHORIZING CITY MANAGER EXECUTION OF RELATED PARTICIPATION AND SUBDIVISION AGREEMENTS. The City Council of the city of El Segundo does resolve as follows: SECTION 1. Findings. The City Council finds as follows: A. Pending in the U.S. District Court for the Northern District of Ohio is multidistrict litigation ("Litigation") numerous public entity plaintiffs have pursued against the manufacturers and distributors of various opioids based on the allegation that the defendants' unlawful conduct caused the opioid epidemic. B. On or about July 1, 2021, a proposed nationwide tentative global settlement ("Settlement") was reached between the plaintiffs in the Litigation and several of the defendants, specifically McKesson Corporation, Cardinal Health, Inc., AmerisourceBergen Corporation (collectively, "Distributors"), and Johnson & Johnson, Janssen Pharmaceuticals, Inc., Ortho-McNeil-Janssen Pharmaceuticals, Inc., and Janssen Pharmaceutica, Inc. (collectively, "Manufacturers") (all collectively, "Settling Defendants"). C. The Settlement's terms are set forth in the Distributors Master Settlement Agreement and the Manufacturers Master Settlement Agreement (collectively "Settlement Agreements"), and copies of the Settlement Agreements are on file with the City Clerk and available upon request. D. The Settlement would require the Distributors and Manufacturers to respectively pay approximately $21 billion over 18 years and $5 billion over seven years to participating states, counties, and cities. E. The state of California ("State") would receive approximately $2.2 billion of the estimated $21 billion total, a portion which would be distributed to counties and cities. F. Under the Settlement, local subdivisions with population over 10,000, including the city of El Segundo (the "City"), that are not plaintiffs in the Litigation may participate in the Settlement and obtain certain Settlement funds, in exchange for a release of claims against the Settling Defendants. G. The total amount of Settlement funds increases in proportion to the number of states and local subdivisions that opt in to participate in the Settlement. H. To participate in the Settlement, the City must execute two allocation agreements with the State to facilitate the distribution Settlement funds for the Resolution No. 5297 Page 2 of 3 City ("Allocation Agreements"). Copies of the Allocation Agreements are on file with the City Clerk and available upon request. The City must also execute two participation forms ("Participation Forms") to confirm its participation in the Settlement and the terms of the Settlement Agreement, including the dismissal of the Litigation, payment of Settlement funds, and associated release of claims against the Settlement Defendants. Copies of the Participation Forms are on file with the City Clerk and available upon request. SECTION 2. Approval and Authorization. The City Council approves the City's participation in the Settlement and authorizes the City Manager to execute the Allocation Agreements, Participation Forms, and all other necessary documents —subject to the review and approval of the City Attorney or designee —to effectuate such participation. SECTION 3. Severability. If any part of this Resolution or its application is deemed invalid by a court of competent jurisdiction, the City Council intends that such invalidity will not affect the effectiveness of the remaining provisions or applications and, to this end, the provisions of this Resolution are severable. SECTION 4. Electronic Signatures. This Resolution may be executed with electronic signatures in accordance with Government Code §16.5. Such electronic signatures will be treated in all respects as having the same effect as an original signature. SECTION 5. Signature Authority. The Mayor, or presiding officer, is hereby authorized to affix his signature to this Resolution signifying its adoption by the City Council of the City of El Segundo, and the City Clerk, or her duly appointed deputy, is directed to attest thereto. SECTION 6. Effective Date. This Resolution will take effect immediately upon adoption and will remain effective unless repealed or superseded. SECTION 7. City Clerk Actions. The City Clerk will certify to the passage and adoption of this Resolution, enter it in the City's book of original Resolutions, and make a record of this action in the meeting's minutes. PASSED AND ADOPTED this 7th day of December 2021. Dr' w Boy or Resolution No. 5297 Page 3 of 3 ATTEST: STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF EL SEGUNDO ) I, Tracy Weaver, City Clerk of the City of El Segundo, California, do hereby certify that the whole number of members of the City Council of said City is five; that the foregoing Resolution No. 5297 was duly passed and adopted by said City Council, approved and signed by the Mayor of said City, and attested to by the City Clerk of said City, all at a regular meeting of said Council held on the 7t" day of December 2021, and the same was so passed and adopted by the following vote: AYES: Mayor Boyles, Mayor Pro Tern Pimentel, Council Member Pirsztuk, Council Member Nicol, and Council Member Giroux NOES: None ABSENT: None ABSTAIN: None it Clerk M."', 11 =L P-4 r1i il y APPROVED AS TO FORM Mar D. Hensley, jCity Attorn