11-22-2022 Resolution No. 12028RESOLUTION NO. 12028
RESOLUTION AUTHORIZING ESTABLISHMENT OF NEW SPECIAL REVENUE
FUND TO TRACK OPIOID SETTLEMENT FUNDS
WHEREAS , the City of Richfield is eligible to receive $562,584.20 from the
opioid litigation settlement f unds pool; and
WHEREAS , these f unds are earmarked toward actionable strategies and
programs that make a positive impact on the communities; and
WHEREAS , for transparency, compliance and accurate tracki ng of revenue and
expenditures, staff recommends the establishment of a new special reven ue fu nd; and
WHEREAS, Section 7.12 of the City Charter requires Cou ncil approval by
resolution of the establishment of new fu nds in the City of Richfield budget; and
WHEREAS , staff recommends the establishment of the fund in 2022.
NOW, THEREFOR E, BE IT RESOLVED the City Council approves the
establishment of a new fund for the City’s Opioid Settlement Funds, for transparent and
accurate tracking of financial activity .
Adopted by the City Council of the City of Richfield, Minnesota this 2 2nd day of
November, 2022.
Maria Regan Gonzalez, Mayor
ATTEST:
Kari Sinning, City Clerk