HomeMy WebLinkAboutCC Res 3593 1986-04-14
RESOLUTION NUMBER ~~:f
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACH, CALIFORNIA, AGREEING TO BECOME
A MEMBER OF THE CALIFORNIA MUNICIPAL
INSURANCE AUTHORITY AND PARTICIPATE IN ITS
LIABILITY PROGRAM.
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waEREAS, 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 to be paid by the City of
Seal Beach for said liability coverage is the sum of
$240,000; and
WHEREAS, said Liability Program offers significant advantages to
Seal Beach in terms of cost, coverage and services and
entering such Program, on the conditions hereinafter
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
Seal Beach, as follows:
Section 1.
Section 2.
Section 3.
Section 4.
Section 5:
Section 6.
That Seal Beach authorize the City Manager to
execute the Joint Powers Agreement on behalf of
the City of Seal Beach.
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That the City of Seal Beach hereby consents
pursuant to the above-mentioned Joint Powers
Agreement, and the resolutions and policies
enacted in implementation of such Agreement, to
enter said Liability Program on the following
conditions:
(a) That the estimated deposit premium for Seal
Beach for the July 1, 1986-1987 Liability
Program Year, as determined by the Authority,
shall be paid in the amount of $240,000.
That Seal Beach hereby selects $50,000 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 Seal Beach's Retrospective Premiums and
related Retrospective Premium Adjustments.
That Seal Beach hereby selects $10,000,000 as its
Limits of Liability for the July I, 1986-87
Liability Program Year.
That the City hereby designates
Robert A. Nelson , whose address is 211-8th
Street, Seal Beach, California 90740 as its
representative on the California Municipal
Insurance Authority's Board of Directors.
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That the Treasurer of the City of Seal Beach is
hereby authorized to pay to the California
Municipal Insurance Authority the amount of
$240,000 for its July 1, 1986-87 Liability Program
Year estimated deposit premium.
Resolution Number ~~:s
Section 7.
That the Secretary of the City of Seal Beach is
directed to certifv a coov of this..resolution and
to forward the same resolution, the signed
Agreement, and the deposit premium estimate
payment promptly by mail to the California
Municipal Insurance Authority, 4921 Daru Way, Fair
Oaks, California, 95628, for coverage beginning
July 1, 1986.
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PASSED, APPROVED AND ADOPTED BY THE City counci~f the City of
o Bea.ch, at a meeting thereof held on the .I ~ day of
. LJ..Iu~( , 1986, by t, followin vote:
AYES: Councilmember
NOES:
Council members
ABSENT:
Councilmembers
C(rr&' ~: "",...,,2
May,r
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STATE OF CALIFORNIA
COUNTY OF ORANGE
CITY OF SEAL BEACH
)
) SS
)
ATTEST:
.
I, Joanne, M. Yeo, City Clerk of Seal Beach, California, do
hereby certify that the foregoing resolution is the original copy
of Resolution Number~~ on file in the office of the City
Clerk, passed, approved and adopted by the City Council of the
Ci~~~ Seal Beach, ~ r'!2lar meeting thereof held on the
~ day of N , 1986.
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