HomeMy WebLinkAbout86-130 - ResolutionsRESOLUTION NO. 86-130
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, AGREEING TO BECOME A MEMBER OF THE
CALIFORNIA MUNICIPAL INSURANCE AUTHORITY AND PARTICIPATE IN
ITS LIABILITY PROGP. AM
WHEREAS, pursuant to the provisions of Sections 6500 and following,
990.4 and 990.8 of the Government Code, this city wishes to enter into an
agreement with various other public entities entitled 'Joint Powers Agreement
Creating the California Municipal Insurance Authority' (the 'Authority'), for
the purpose of obtaining coverage in the Liability Program of the Joint Powers
Authority created thereby, as more fully set forth in said agreement; and
WHEREAS, the estimated deposit premium Co be paid by this city for
said liability coverage is the sum of $78,464; and
WHEREAS, said Liability Program offers significant advantages to this
city in terms of cost, coverage and services and entering such Program, on the
conditions bereinafter set forth, appears to be in the best interest of this
city.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Rancho Cucamonga:
SECTION 1: That this city authorize Jim Hart, Administrative
Services Director, to execute the Joint Powers Agreement on behalf of this
city.
SECTION 2: That the City of Rsncho Cucamonga hereby consents
pursuant to the above-mentioned Joint Powers Agreement, and the resolutions and
policies enacted in implementation of such Agreement, to enter said Liabili~
Program on the following conditions:
(a)
That the estimated deposit premium for this city for
the July 1,1986-87 Liability Program Year, as
determined by the Authorit-y, shall be paid in the
amount of $78,464 to obtain coverage.
SECTION 3: That the tit7 hereby selects $500,000 as its Self-Insured
Retention (SIR) for the July 1, 1986-87 Liability Program Year; which SIR it
recognizes will be one of the factors to be utilized in computing this city's
Retrospective Premiums and related Retrospective Premium Adjustments.
SECTION 4: That the city hereby selects $10 million as its Limits of
Liability for the July 1, 1986-87 Liability ProSram Year.
SECTION 5: That the city hereby designates Jim Hart, Administrative
Services Director, whose address is P.O. Box 807, Rancho Cucamonga, CA 91730 as
its representative on the California Municipal Insurance Authority's Board of
Directors.
SECTION 6: That the Treasurer of the city is hereby authorized to
pay to the California Municipal Insurance Authority the amount of $78,464 for
its July 1, 1986-87 Liability Program Year estimated deposit premium.
SECTION 7: That tbe Secretary of the city is directed to certify a
copy of this resolution and co forward the same resolution, the signed
Agreement, and the deposit premium estimate payment promptly by mail to the
California Municipal Insurance Authority, 4921Daru Way, Pair Oaks, California,
95628, for coverage beginning July 1, 1986.
Resolution No. 86-130
Page 2
PASSED, APPROVED, and ADOPTED this 7th day of May, 1986.
AYES: MikeIs, Buquet, King, Dahl, Wright
NOES: Bone
ABSBIqT: Bone
I, BEVERLY A. AUTRELKT, CITY CLERI of the City of Rancho Cucamonga,
California, do hereby certify that the foregoing Resolution was duly passed,
approved, and adopted by the City Council of the City of Rancho Cucamonga,
California, at a regular meeting of said City Council held on the 7th day of
May, 19~.
Executed this 8th day of May, 1986 at Rancho Cucamonga, California.