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Midwest City approves participation in Purdue Pharma/Sackler settlement; council amends resolution to include state subdivision agreement
Summary
The council voted to participate in the national Purdue Pharma opioid settlement and approved amended resolution language to include the Oklahoma state subdivision agreement; staff estimated Midwest City's eventual share in varying figures during the presentation and said funds will be subject to spending requirements.
Midwest City authorized participation in the Purdue Pharma opioid settlement and approved amended resolution language to include the state subdivision agreement that directs distribution to Oklahoma subdivisions.
City attorney-level staff and outside counsel advised the council that the global settlement negotiated with the Sackler family and Purdue Pharma includes multiple payment streams. City presenter Mister Mosche said the Sackler family agreed to pay $6.5 billion over 15 years (with $1.5 billion payable up front upon settlement signature) and that Purdue’s own settlement contributions would add further funds. Mosche cautioned that the national figures are not the city’s local allocation; they apply across the United States.
Mosche provided local-distribution estimates from the settlement materials and counsel's calculations. He said the total distribution to Oklahoma subdivisions in one estimate was about $24 million and that Midwest City’s share was estimated variously in materials; Mosche said both “about $414,000 and change” and, in a separate calculation, “approximately about $167,000” when discussing how different portions and allocations might flow to local litigating entities. He emphasized these are estimates and final distributions depend on the state subdivision agreement and allocation formulas.
Mosche said the city’s outside counsel, McAfee & Taft, recommended Midwest City join the litigation group of local governments participating in Oklahoma and allow counsel to finalize settlement documents on behalf of participating subdivisions. The council approved a motion, as amended, to participate in the settlement and to include approval of the small-manufacturer state subdivision agreement for Oklahoma.
Council members were reminded that opioid-settlement funds come with statutory and settlement-specific requirements on how the money may be used; the city will set aside funds and develop programming as distributions arrive.
The motion to approve participation, amended to include the state subdivision agreement, passed by unanimous voice vote.
