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HomeMy WebLinkAboutResolution No. 1852RESOLUTION NO 1852 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CYPRESS APPROVING IN PRINCIPLE THE ESTABLISHMENT OF A JOINT POWERS AGENCY FOR RISK POOLING FOR ORANGE COUNTY CITIES WHEREAS many cities with favorable liability loss records have had their insurance coverage cancelled and have had difficulty in obtaining new coverage; and WHEREAS, the costs of municipal insurance protection in the fields of liability, worker's compensation, employee medical property and other risks have escalated sharply in the last few years, and WHEREAS, the federal government has mandated that municipalities provide unemployment insurance coverage for their employees, and WHEREAS, evidence received to date indicates that a pooling of efforts among cities may result in a greater stability of insurance coverage and reduced costs of protection; and WHEREAS, a pooled effort will make available to all participating cities at their option risk management and loss control services that might not otherwise be affordable; and WHEREAS, cities may participate in individual programs without participating in all programs, NOW, THEREFORE the City Council of the City of Cypress hereby resolves: 1 To approve in principle the concept of a risk pooling activity with other Orange County cities 2 To direct the City Manager to work with the Risk Pooling Steering Committee to develop a plan for implementing the pooling concept 3 To further direct the City Manager to submit the proposed plan to this Council for action PASSED AND ADOPTED by the City Council of the City of Cypress at a regular meeting held on the llth day of April , 1977 ATTEST. CITY CLE OF THE CITY OF CYPRESS STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS MAYOR OF THE CITY OF CYPRESS 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 llth day of April , 1977, by the following roll call vote AYES• 4 COUNCILMEN: Harvey Hudson Lacayo and MacLain NOES. 0 COUNCILMEN. None ABSENT- 1 COUNCILMEN. Sonju CITY CLERK" OF THE CITY OF CYPRESS