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HomeMy WebLinkAboutResolution No. 4262 RESOLUTION NO. 4262 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY TO JOIN WITH CERTAIN OTHER CITIES FOR INSURANCE AND RISK MANAGEMENT PURPOSES. WHEREAS, Sections 990 and 6500 of the Government Code of the State of California authorizes municipalities to jointly exercise the power to manage their common risks. AND WHEREAS, the City Council of the City of Downey supports the purposes of the Independent Cities Risk Management Authority. NOW THEREFORE, the City Council of the City of Downey does resolve as follows: Section 1. That the City of Downey does hereby join with certain other municipalities as a member of the Independent Cities Risk Management Authority's Property Risk Management Committee and Workers' Compensation Risk Management Committee. Section 2. The City of Downey joins other cities in accepting the the property insurance and excess workers' compensation insurance quotations of the brokerage firm of Marsh & McLennan. Section 3. The City Clerk shall certify to the adopting of this resolution and thenceforth and thereafter the same shall be in full force and effect. APPROVED AND ADOPTED THIS 14th DAY OF June , 1983. James T. Quinn, Mayor ATTEST: I Robert L. Shad, City Clerk I HEREBY CERTIFY that the foregoing Resolution No. 4262 was approved and adopted at a regular meeting of the City Council held on the 14th day of June , 1983, by the following vote to wit: AYES: 5 Council Members: Cormack, Jackman, Barb, Davila, Quinn NOES: o Council Members: None ABSENT: o Council Members: None - 2 / y e Robert L. Shand, City Clerk