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HomeMy WebLinkAboutItem KAGENDA REPORT DATE: May 13, 2002 TO: Honorable Mayor and City Council THRU: John B. Bahorski, City Manager FROM: June Yotsuya, ACM SUBJECT: ADOPTION OF RESOLUTIONS RE: CITY RISK MANAGEMENT INSURANCE PROGRAM SUMMARY OF REQUEST Staff requests that the City Council adopt the following resolutions in preparation of the City of Seal Beach entering the California Joint Powers Insurance Authority as of July 1, 2002 for its risk management insurance program. RESOLUTIONS: 1. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, COUNTY OF ORANGE, CALIFORNIA, APPROVING EXECUTION OF THE JOINT POWERS AGREEMENT CREATING THE CALIFORNIA JOINT POWERS INSURANCE AUTHORITY, AND FURTHER APPROVING PARTICIPATION IN ITS JOINT PROTECTION PROGRAM PROVIDING LIABILITY COVERAGE THROUGH SELF - INSURANCE, LOSS POOLING AND EXCESS INSURANCE. 2. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, COUNTY OF ORANGE, CALIFORNIA, TO AUTHORIZE AND APPROVE SELF - INSURANCE OF WORKERS' COMPENSATION FOR ITS EMPLOYEES THROUGH THE SELF - INSURANCE AND LOSS POOLING PROGRAM OF CALIFORNIA JOINT POWERS INSURANCE AUTHORITY. 3. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, COUNTY OF ORANGE, CALIFORNIA, AUTHORIZING APPLICATION TO THE DIRECTOR OF INDUSTRIAL RELATIONS, STATE OF CALIFORNIA, FOR A CERTIFICATE OF CONSENT TO SELF -INSURE WORKER'S COMPENSATION LIABILITIES. 4. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH, COUNTY OF ORANGE, CALIFORNIA, PROVIDING WORKER'S COMPENSATION COVERAGE FOR CERTAIN CITY VOLUNTEERS PURSUANT TO THE PROVISIONS OF SECTION 3363.5 OF THE LABOR CODE. Agenda Item —'A- May 13, 2002 City Council Agenda Report — Adoption of Resolutions for City Risk Management Insurance Program Page 2 On February 25, 2002, the City Council authorized City staff to initiate action to withdraw from its current risk management insurance authority, Orange County Cities Risk Management Authority, and to submit an application to join the California Joint Powers Insurance Authority (CJPIA). In preparation of the City of Seal Beach entering the CJPIA, several resolutions need to be adopted by the Seal Beach City Council that will provide authorization to enter into an agreement with CJPIA for risk management coverage through the self - insurance and loss pool program of the CJPIA. FINANCIAL IMPACT Changing to the CJPIA will result in financial savings to the City of Seal Beach regarding annual cost of insurance coverage and eliminate the need to maintain the current City self - insurance retention, and the requirement for a general fund reserve for the City's risks, as well as overhead expenses for claims administration and defense. An initial annual general liability program primary deposit to the CJPIA in the amount of 5239,794 will be for the period of July 1, 2002 to June 30, 2003 and will come from the general fond account 001- 018-49500. Adoption of the resolutions is a necessary step in the process to join the CJPIA. Staff recommends approval. SUBMITTED BY: �� _ i0 9 a! M