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HomeMy WebLinkAboutResolution No. 2026-025CITY OF THE COLONY, TEXAS RESOLUTION NO. 2026- 02x2 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, ELECTING TO PARTICIPATE IN THE SIX REMNANT DEFENDANTS OPIOID SETTLEMENT CONCERNING THE NATIONAL OPIOID CRISIS; AUTHORIZING THE MAYOR, CITY MANAGER AND STAFF TO EXECUTE ANY AND ALL APPROPRIATE DOCUMENTATION RELATED THERETO; AND PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, a proposed national settlement agreement has been reached that would resolve all opioid claims with six (6) regional distributors/dispenser defendants (the "Remnant Defendants Settlement"). The six (6) defendants are Associated Pharmacies, Inc (and American Associated Pharmacies); J M Smith Corporation; Louisiana Wholesale Drug Company, Inc.; Morris and Dickson Co.; North Carolina Mutual Wholesale Drug Company, Inc.; and United Natural Foods, Inc. (including its subsidiaries SuperValu and Advantage Logistics) (the "Six Remnant Defendants"); and WHEREAS, the City Council of the City of The Colony, Texas, hereby elects to participate in the Remnant Defendants Settlement and authorizes the Mayor, City Manager, City Secretary, and/or City staff to execute a Combined Subdivision Participation and Release Form, and any and all related forms concerning the Remnant Defendants Settlement; and WHEREAS, the City Council of the City of The Colony, Texas, authorizes the Mayor, City Manager, City Secretary, and/or City staff to execute any and all documents related thereto. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THAT: SECTION 1. The findings set forth above are incorporated into the body of this Resolution as if fully set forth herein. SECTION 2. The City Council of the City of The Colony, Texas, hereby elects to participate in the Remnant Defendants Settlement, and authorizes the Mayor, City Manager and/or City Secretaryto execute the Combined Subdivision Participation and Release Form, and any and all related forms concerning the Remnant Defendants Settlement. SECTION 3. The City Council of the City of The Colony, Texas, hereby authorizes the Mayor, City Manager, City Secretary and/or City staff to execute any and all documentation necessary related to the Remnant Defendants Settlement, and to take any and all other steps requested or authorized by relative to the Remnant Defendants Settlement referenced in this Resolution. SECTION 4. This Resolution shall become effective from and after its date of passage in accordance with law. PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF THE COLONY, TEXAS, THIS 7"' DAY OF APRIL, 2026. ATTEST: Richard Boyer, Mayor Tina Stewart, TRMC, CMC, City Secreta 1 D AS TO FORM: oore, City Attorney