HomeMy WebLinkAboutResolution No. 17-7757-Providing Notice of the City's Intent to Withdraw from ICRMA• • •I • i li
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WHEREAS, the Independent Cities Risk Management Authority (ICRMA) provides a
variety of pooled insurance products to its member cities; and
WHEREAS, the City of Downey is currently an ICRMA Governing Board Member and
participates in various ICRMA insurance programs; and
WHEREAS, the Joint Exercise of Powers Agreement for Insurance and Risk
Management Purposes and the By-laws of the ICRMA establish the guidelines for participation
in the insurance and other related programs offered by ICRMA and further provide the process
for withdrawal from the ICRMA; and
WHEREAS, the City of Downey is currently performing a due -diligence analysis of its
current method for providing insurance and related programs; and
WHEREAS, the City of Downey wishes to preserve its right to withdraw from ICRMA-
should the current analysis show that withdrawal would be advantageous to the City; and
WHEREAS, the City of Downey may elect to adopt a resolution rescinding this notice to
withdrawal by January 15, 2018, should the current analysis show that withdrawal would not be
advantageous to the City; and
WHEREAS, the ICRMA program by-laws require a Member to provide specific
notification of intent to withdraw via the adoption of a governing body resolution
THEREFORE,i OF OF DOWNEY DOES
RESOLVEHEREBY i •
SECTION 1. The City will withdraw from the Independent Cities Risk Management
Authority at the end of its current membership period, effective at 11:59 p.m. on June 30, 2018.
SECTION 2. The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 14th day of November
FE DO VASQUEZ, Mayor
-8%'ESOLUTION NO. 17-7711
ATTEST:
MAMA ALICIA DUARTE; OMC
Interim City Clerk
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a regular meeting held on the 14'h day of November, 2017 by the
following vote, to wit:
AYES:
Council Members: Pacheco, Rodriguez, Saab, Ashton, Mayor Vasquez
NOES:
Council Member: None.
ABSENT:
Council Member: None.
ABSTAIN:
Council Member: None.
IAPA'"LICIA �A�T, CMC
Interim City Clerk