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HomeMy WebLinkAboutCC Res 2549 1976-05-10 " , '. '. '. ,. " . 1 RESOLUTION NUMBER ~~S7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH TERMINATING ITS, POLICY WITH STATE COMPENSATION INSURANCE FUND, AND AUTHORIZING EXECUTION OF AN AGREEMENT WITH FRED S. JAMES COMPANY FOR CERTAIN SERVICES IN CONNECTION WITH THE DUTIES AND RESPONSIBILITIES OF CITY AS A SELF-INSURER UNDER THE PROVISIONS OF THE WORKERS' COMPENSATION LAWS OF THE STATE OF CALIFORNIA AS A RESULT OF INJURIES TO ITS EMPLOYEES. WHEREAS, the City desires to undertake to self-insure its liability to its employees pursuant to the Worker's Compensation Laws of the State of California; and pursuant to this intention, it is necessary to terminate the current policy with the State CompensatiOn Insurance Fund; and City desires to employ a service agent to perform certain services in connection with the duties and responsibilities of the City as a self-insurer; WHEREAS, WHEREAS, NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Seal Beach that: 1 1. The City Manager is hereby directed to take the necessary steps to terminate the City's policy with State Compensation Insurance Fund, effective June 30, 1976. 2. The City Manager is hereby authorized and directed to execute an agreement, at a fee of $5,000.00 per year, no more than $250.00 per diem not to exceed ten days, with Fred S. James Company, said agreement to be effective June 30, 1976, and to be renewable each year thereafter. 3. The City Attorney is hereby directed to prepare an ordinance for City Council consideration, establishing a "Self-Insurer's Loss Reserve Fund," said fund to provide resources to pay all costs relating to Worker's Compensation claims as required by State Law. PASSED, APPROVED, AND ADOPTED by the City Council ~f the Cit~f Seal Beach, California, at a meeting thereof held on the ~,,- day of vr.l~~ , 1976, by the following vo _' e.c f I AYES: Councilmember ~ _~ NOES: Councilmembers ABSENT: Councilmembers fi 'I , ~~~. Mayor ....