Please find attached my draft updated Resolution from the form recently provided by NCACC and the State AG’s office for BOC review and approval to qualify for Wave II settlement with new companies not in the first wave settlement.
I am also attaching the NCACC provided Supplemental Agreement that is intended to supplement our initial Memorandum of Understanding with the State AG’s office regarding distribution of settlement funds. This Supplemental Agreement will need to be executed and provided with the executed Resolution back to the AG’s office by April 18, but I will suggest adding this to the March 6 regular BOC agenda.
The Supplemental Agreement also finally resolves the issue with our outside “Local Counsel” as to our original fee agreement with them by setting out the amount of fees as well as the pot of money from which the fees will be paid—i.e. not our individual County settlement amount.
Also attached is the AG’s letter to counties explaining this Wave II settlement.
Approve the Resolution that also includes authorization for either the County Manager, County Finance Director or County Attorney to sign the Supplemental Agreement and any additional related settlement documents.
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