Number
240813
Version
SUBSTITUTE 1
Reference
211799, 220562, 221030, 221292, 221904, 240557, 240960
Sponsor
THE CHAIR
Title
Substitute resolution transferring and appropriating opioid legal settlement funds to a parent account within the Legal Settlement Fund for the expenditure of funds.
Analysis
This resolution authorizes the transfer of settlement funds related to National Prescription Opiate litigation from the General Fund to the Special Revenue Fund - Settlement Fund for further segregation and appropriation to fund opioid remediation and harm reduction strategies in Milwaukee. This resolution establishes a parent project account within the Special Revenue Fund - Settlement Fund from which funds may be further appropriated to City departments through Common Council action.
Body
Whereas, On January 29, 2020, the City of Milwaukee joined the National Prescription Opiate multidistrict litigation; and
Whereas, Common Council File Number 211799, adopted March 22, 2022, directed that settlement funds received in the opioid litigation be used to fund the Milwaukee Overdose Response Initiative and other harm-reduction strategies; and
Whereas, Common Council File Number 220562, adopted August 12, 2022, authorized City officials to accept an initial settlement payment of up to $2,000,000, and to accept future settlement disbursements arising from the same litigation of up to $18,000,000 in aggregate, into a segregated account; and
Whereas, Common Council File Numbers 221904, 240557 and 240960 authorized the proper City officials to opt into additional opioid settlements for which the City is eligible for new settling defendants in the settlement of the National Prescription Opiate multidistrict litigation in the United States District Court for the Northern District of Ohio Eastern Division, case no. 20-op-45044-DAP; and
Whereas, The City has received settlement payments totaling approximately $10.2 million to date; and
Whereas, Common Council File...
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