HomeMy WebLinkAbout18007 - RESOLUTIONS - 12/16/1992 RESOLUTION NO. 18007
THE CITY COUNCIL OF THE CITY OF' PALM SPRINGS,
w CALIFORNIA, APPROVING PARTICIPATION IN THE
LOCAL AGENCY'S WORKERS' COMPENSATION EXCESS
SELF-FUNDING JOINT POWERS AUTHORITY
WHEREAS, the City of Palm Springs is authorized, pursuant
to Government Code Section 6500 et.sec. , to enter into a
Joint Powers Authority with other public agencies; and
WHEREAS, it is proposed that cities and special districts
throughout California join together to create the Local
Agency Workers' Compensation Excess Joint Powers
Authority to provide "pooled" funding of workers'
compensation insurance benefits and costs, and said Joint
Powers Agreement By-Laws, and Memorandum of Coverage are
attached hereto as Exhibit "A" and incorporated herein,
as though set forth in full; and
WHEREAS, actuarial studies have been undertaken that
indicate that if cities and special districts with an
aggregate annual payroll in excess of five hundred
million dollars ($500, 000, 000) were joined together in a
Joint Powers Authority for excess workers' compensation
coverage, that such an amount would be sufficient to
initially fund the proposed Joint Powers Authority.
NOW THEREFORE BE IT RESOLVED that the City Council of the
City of Palm Springs does hereby approve the following.
Section 1. That the City join and participate in the
Local Agency Workers ' Compensation Excess Joint Powers
Authority so long as public agencies within the state of
California having an aggregate annual payroll in excess
of four hundred million dollars ($400, 000, 000) also agree
to join said Joint Powers Authority on or before June 1,
1992, and other agencies with annual payroll in excess of
one hundred million dollars ($100,000, 000) p):,e-commit to
join the Joint Powers Authority on or before January 1,
1993.
Section 2. City Manager is authorized to execute those
documents necessary to enter into said Local Agency
Workers' Compensation Excess Joint Powers Authority on
behalf of the City of Palm Springs.
Section 3 . City Manager or his designe shall be
appointed as the City's representative as a voting member
of the Board of Directors.
Section 3 . That should sufficient public agencies not
agree to create the Joint Powers Authority, as set forth
in Section 1 above, then the City Manager is authorized
to place the City's workers ' compensation excess
insurance with private insurers as in the normal and
customary practice of the City.
ADOPTED this 16th day of December , 1992
AYES: Members Hdoges, Lyons, Reller-Spurgin, Schlnedorf and Mayor Maryanov
NOES: None
ABSENT: None
ATTEST: C F PA S I S
City Clerk C a g r
REVIEWED & APPROVED d
,