2022-11-01-AC-STM#3-rpt - Laserfiche WebLink

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2022-3 STM APPROPRIATION COXMTTEE 25 OCTOBER 2022 Funding for the celebration is expected to come from a combination of federal and state grants,private fund-raising, and additional Town support. The current request will fund the Lex250 Commission's start-up costs and support the following activities: Activity Amount Website Development&Maintenance $ 60,000 Memberships in Collaborating Organizations $ 5,000 Printing Costs $ 5,000 Promotional Materials $ 5,000 Total $ 75,000 Article 9 Opioid Settlement Funds Requested Funding Source Committee Recommendation $76,256.29 Statewide Opioid Settlement Approve (8-0) This article seeks to appropriate $76,256.29 into a new Opioid Settlement Account to be maintained in the General Fund. This amount has been received from the State subsequent to Statewide Opioid Settlements (the "Settlements") recently entered into between the Massachusetts Attorney General and certain non-bankrupt opioid industry participants. Pursuant to the Settlements, Lexington and other Massachusetts communities which have elected to participate will receive annual payments over eighteen years (2021-2038) from two sources: the settling manufacturer, Johnson & Johnson, and several settling distributors. The total amount that Lexington is scheduled to receive over the life of the agreement (not discounted to present value) is approximately $1,000,000. The settling defendants will receive, in exchange, a general release of all further claims. The Town is bound by strict requirements in the settlement agreement on the handling and use of these funds. The funds must be appropriated into the General Fund, and they may only be used to fund opioid prevention, harm reduction, treatment and recovery programs. The funds will be available for spending at the discretion of the Town's Director of Public Health.' As of publication, Lexington has received its first installment of $76,256.29 from the distributor defendants, covering years 2021 and 2022. The Town also expects to receive, before the end of the year, a substantially larger payment of$148,852 from the manufacturer defendant (representing a lump sum distribution of the payments due over the first four years, for which the Town has opted). If those funds arrive in time, they will be added to the appropriation requested in this article, otherwise they will be carried over for future appropriation. Article 10 Appropriate for Public Facilities Capital Projects (Town Pool Domestic Hot Water Heater) Funds Requested Funding Source Committee Recommendation $60,000 Tax Levy Approve (8-0) At the 2022 Annual Town Meeting, funding was appropriated for engineering and design work for a new domestic hot water heater to be installed in the bath house at the Irving H. Mabee Town Pool Complex. The 10-year-old existing oil based hot water heater services the bathroom sinks and showers, and is in need of replacement. ' https://www.mass.gov/service-details/learn-about-the-ags-statewide-opioid-settlements-with-opioid-industry-defendants 8