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R-21-55VILLAGE OF DEERFIELD RESOLUTION NO. 2021- R-21-55 A RESOLUTION AUTHORIZING THE VILLAGE TO PARTICIPATE IN THE NATIONAL OPIOID SETTLEMENTS WHEREAS, the Village of Deerfield ("Village's is a home rule municipality in accordance with Article VII, Section 6 of the Constitution of the State of Illinois of 1970; and WHEREAS, on July 21, 2021, two proposed settlement agreements ("Settlements') were reached to resolve all opioid-related litigation brought by states and political subdivisions against: (i) three pharmaceutical distributors, McKesson Corporation, Cardinal Health, Inc., and AmerisourceBergen Corporation (collectively, the "Distributors', and (ii) a pharmaceutical manufacturer, Janssen Pharmaceuticals, Inc., and its parent company, Johnson & Johnson (collectively, "Janssen'); and WHEREAS, the Settlements require the Distributors and Janssen to pay up to $26 billion in settlement funds, to states and political subdivisions which opt in to the Settlements, in order to abate the opioid epidemic; and WHEREAS, the State of Illinois has joined both Settlements; and WHEREAS, by participating in the Settlements, the Village will become eligible to receive settlement funds, if any, in an amount determined by either an allocation agreement specific to Illinois ("Allocation Agreement'), which is currently being developed by the Illinois Attorney General, or the default distribution method set forth in the Settlements; and WHEREAS, participating in the Settlements does not guarantee the Village will receive a direct distribution of funds, but will assist in maximizing the State's distribution; and WHEREAS, in order to participate in the Settlements, the Village must execute certain participation documents, which may include, without limitation, a Settlement Participation Form, a Participation Agreement, and a Release of certain opioid-related claims against the Distributors and Janssen (collectively, the "Participation Documents'; and WHEREAS, pursuant to the terms of the Settlements, the Village must execute the Participation Documents by January 2, 2022 to ensure the Village's participation in the Settlements and maximize any settlements funds allocated to the Village; and WHEREAS, the Village Board has determined that it will serve and be in the best interests of the Village and its residents to participate in the Settlements; NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE BOARD OF DEERFIELD, LAKE AND COOK COUNTIES, ILLINOIS, as follows: {00123728.1) SECTION 1: RECITALS. The Village Board hereby adopts the foregoing recitals as its findings, as if fully set forth herein. SECTION 2: AUTHORIZATION TO PARTICIPATE IN THE SETTLEMENTS. The Village Board hereby approves and authorizes the participation of the Village in the Settlements, and authorizes and directs the Village Manager to execute, on behalf of the Village, the Participation Documents and any other documents necessary to participate in the Settlements. SECTION 3: EFFECTIVE DATE. This Resolution shall be in full force and effect from and after its passage and approval according to law. AYES: Benton, Jester, Metts-Childers, Oppenheim, Seiden NAYS: None ABSTAIN: None ABSENT: Jacoby PASSED: December 20, 2021 APPROVED: December 21, 2021 RESOLUTION NO: R-21-55 -LL-� Daniel C_ Shapiro, Mayor ATTEST: Kent S. Street, Village Clerk {00123728.1 }