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Resolution No. 3088'x4 RESOLUTION NO. 3088 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS ENDORSING PROPOSITION 51, THE MULTIPLE DEFENDANTS TORT DAMAGE LIABILITY INITIATIVE, ON THE JUNE 3, 1986 BALLOT. WHEREAS, the City of Cypress was one of the first cities to endorse the "Fair Responsibility Act of 1986" initiative by passing Resolution No. 3007 on November 12, 1985; and WHEREAS, the initiative drive has been successful in having the measure placed on the June ballot as Proposition 51; and WHEREAS, the present joint and several liability law, also known as the "Deep Pocket Doctrine," has unfairly cost the cities of California millions of dollars in court judgements, settlements, legal costs, skyrocketing insurance premiums and difficulty in obtaining adequate liability insurance coverage. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Cypress endorses Proposition 51, the "Fair Responsibility Act of 1986," and urges its support and passage to relieve the financial strain imposed on local government and its taxpayers. PASSED AND ADOPTED by the City Council of the City of Cypress at a regular meeting held on the 12th day of May 1986. ATTEST: /� CI L i F'1 '' • E OF CYPRESS STATE OF CALIFORNIA ) SS COUNTY OF ORANGE ) I, DARRELL ESSEX, City Clerk of the City of Cypress, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said City Council held on the 12th day of May 1986; by the following roll call vote: AYES: 5 COUNCIL MEMBERS: Coronado, Kanel, Mullen, Partin and NOES: 0 COUNCIL MEMBERS: None Lacayo ABSENT: 0 COUNCIL MEMBERS: None R CITY C OF TIME CITY OF CYPRESS