1986-012 Pooled InsuranceRESOLUTION NO. 8 6- 1 2
A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF ENCINITAS ENTERING
SAN DIEGO POOLED INSURANCE
PROGRAM AUTHORITY
(SANDPIPA)
WHEREAS, pursuant to the provisions of sections 990, 990.4, 990.8, and
6500 et seq. of the Government Code, this city wishes to enter into a joint
powers agreement with various other cities, entitled "San Diego County
Cities Joint Powers Agreement Creating the San Diego Pooled Insurance
Protection Authority For Municipal Entities" ("Agreement"), for the purpose
of participating in the joint powers authority ("Authority") created
thereby, to provide for and administer a risk management and insurance
program, as more fully set forth in said Agreement; and
WHEREAS, the proposed liability insurance coverage to be offered by
said joint powers authority under the Memorandum of Insurance proposed
shall be effective as of October 1, 1986; and
WHEREAS,said risk management program offers significant advantages to
this city in terms of cost, liability protection, 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
Encinitas:
Section 1. That the City Council hereby agrees,
above-mentioned Agreement (Exhibit A, attached), to
management program on the following conditions
pursuant to the
enter said risk
a. That the pooled insurance program coverage shall be offered by
the Authority in accordance with the terms and conditions of the proposed
"Memorandum of Insurance," dated September 26, 1986 (Exhibit B, attached).
Section 2. That the city hereby agrees to $100,00 as its retained
limit for the first year of participation in the Authority for such pooled
insurance coverage.
Section 3. That the Treasurer of this city is hereby authorized to
pay the Authority, upon its formation and its delivery to this city of the
proposed Memorandum of Insurance after its approval by the Authority, the
amount of $42,669 for its first premium together with other costs of
participation after such amount is confirmed by the Authority in writing.
_ /
Section 4. That the Clerk is directed to certify a copy of this
resolution and to forward the same resolution and the signed Agreement to
the Authority immediately upon its formation.
PASSED, APPROVED, AND ADOPTED this ~o~'day of (D~_~p.m.
by the following vote:
, 1986,
NOES:
ABSENT:
ATTEST:
v CLERK
MAYOR
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