HomeMy WebLinkAboutResolution No. 4338 RESOLUTION NO. 4338
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
SETTING AUTHORIZATION LEVELS FOR SETTLING LIABILITY CLAIMS
THE CITY COUNCIL OF THE CITY OF DOWNEY DOES HEREBY RESOLVE AS
FOLLOWS:
WHEREAS, the City of Downey operates a self - insured liability
insurance program, and
WHEREAS, from time to time claims made against the City must
be settled, and
WHEREAS, it is frequently desirable to settle claims expedi-
tiously in order to minimize costs, and
WHEREAS, the Downey City Council wishes to empower City staff
to settle certain claims in order to be able to take advantage of any
quickly available savings, but retains for itself the authority to
settle large claims,
NOW, THEREFORE, BE IT RESOLVED that the City Council of the
City of Downey does hereby establish a three -tier claim settlement
process. Tier one is set at $1,000 and is the tier within which the
City's Claim Adjuster is authorized to settle claims. Tier two is set
at S5,000 and is the tier within which the City's Risk Manager may
settle claims. Tier three are for those claims in excess of S5,000
and require Council authorization prior to settlement.
The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED THIS 27th day of December , 1983.
Robert G. Cormack, Mayor
ATTEST:
W w e
City Clerk
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the
City Council of the City of Downey at a regular meeting thereof, held on
the 27th day of December , 1983, by the following vote, to wit:
AYES: 5 Council Members: Jackman, Barb, Davila, Quinn, Cormack
NOES: 0 Council Members: None
ABSENT: 0 Council Members: None
/ / J •
City Clerk