| ITEM TITLE: | Resolution authorizing the Opioid Pharmacy & Manufacturer Settlements and the accompanying allocation agreement | | SUBMITTED BY: | Sara Watkins, City Attorney |
| SUMMARY EXPLANATION: | | The Washington State Attorney General has reached settlement with five opioid pharmacy and manufacturers: Walgreens, CVS, Walmart, Teva and Allergan. To take advantage of the settlement, and receive settlement funds, the City must join the settlements by executing a number of documents and agreeing to the proposed Allocation Agreement. These five settlements will bring Washington $434 million over 15 years if all conditions are met. Washington cities and counties will receive half of this amount – $217 million – if each eligible city and county joins the settlement by approving, signing, and returning the necessary forms. As with the previous distributor settlement, these settlements are contingent on eligible cities and counties joining the settlements. |
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