HomeMy WebLinkAboutResolutions - No. 92-92RESOLUTION NO. 92-92
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A RESOLUTION OF THE LODI CITY COUNCIL
AUTHORIZING PARTICIPATION IN THE LOCAL AGENCY'S
WORKERS' COMPENSATION EXCESS JOINT POWERS AUTHORITY
WHEREAS, the City of Lodi is authorized, pursuant to Government
Code Section 6500 et seq., 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
Exercise of Powers Agreement and By -Laws and Memorandum of Coverage are
on file in the Office of the City Clerk and incorporated herein by
reference 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 to join
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 by the City Council of the City of
Lodi as follows:
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) precommit to join the Joint Powers Authority on
or before January 1, 1993.
2. That the Mayor, City Manager and City Attorney are authorized
to execute those documents necessary to enter into said Local Agency
Workers' Compensation Excess Joint Powers Authority on behalf of the
City of Lodi.
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 is the normal and customary
practice of the City.
Dated: May 20, 1992
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RES92921TXTA.02J
Resolution No. 92-92
Date: May 20, 1992
Page Two
I hereby certify that Resolution No. 92-92 was passed and adopted
by the Lodi City Council in a regular meeting held May 20, 1992 by the
following vote:
Ayes: Council Members - Hinchman, Pennino, Sieglock, Snider
and Pinkerton (Mayor)
Noes: Council Members - None
Absent: Council Members - None
Alice M. Re imche
City Clerk (J
92-92
RES9292/TXTA.02J