HomeMy WebLinkAbout11. Adopt Reso-Rescinding the City's Notice of Withdrawal from ICRMAAPPROVED By
TOi HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL CITY MANAGER
7ROM: OFFICE OF THE CITY MANAGER
BY: ANIL GANDY, FINANCE AND TECHNOLOGY DIRECTOR
SUBJECT- RESOLUTION RESCINDING THE CITY OF DOWNEYS NOTICE OF
WITHDRAWAL FROM THE INDEPENDENT CITIES RISK MANAGEMENT
AUTHORITY
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Independent Cities Risk Management Authority (ICRMA) provides insurance and risk
management programs to the City of Downey. On November 14, 2017, the Council adopted
Resolution No. 17-7757, which provided notice to ICRMA of the City's intent to withdraw its
membership in the risk pool. This action was requested because the deadline for withdrawal
occurred before the City's due diligence analysis of insurance and risk management services
was expected to be complete. The City must rescind the Resolution if it wishes to continue its
membership in ICRMA.
The Council subcommittee determined that additional research is necessary to identify
additional risk pool options, and directed that the City staff continue to research available risk
pool options for the City. In the meantime, it was recommended that the City of Downey
continue its membership in ICRMA.
In order to continue its membership in ICRMA, the Council is requested to adopt the attached
resolution (Exhibit A) which will rescind the Council's previously -adopted Resolution No. 17-
7757 which noticed the City's intent to withdraw from ICRMA. The rescindment means that the
City will continue to be a member of ICRMA when its membership period renews on July 1,
2018.
FISCAL IMPACT
There is no fiscal impact to adopting the resolution rescinding the notice of withdrawal from
ICRMA. The General Fund budget includes funding for risk management services.
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WHEREAS, the Independent Cities RiskManagement Authority (ICRMA) provides
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, on November 14, 2017, the City Council previously adopted a resolution
providing notice of the City's intent to withdraw from ICRMA, which noted that the City Council
may rescind the resolution pending the outcome of the City's due diligence analysis of its
insurance program options; and
WHEREAS, the City of Downey\wishes to rescind Resolution No. 17-7757 adopted on
November 14, 2017, which had noticed the City's intent to withdraw from ICRMA.
RESOLVENOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOEI
HEREBY • •
SECTION 1. The City rescinds Resolution No. 17-7757 adopted on November 14, 2017,
and will continue as a member of the Independent Cities Risk Management Authority when its
membership period is renewed at 12:00 a.m. on July 1, 2018.
SECTION' 2. The City Clerk shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 23rd day of January, 2018.
Sean Ashton
Mayor
MARIA ALICIA DUARTE, CMC
City Clerk
EXHIBIT A
HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a Regular Meeting held on the 23rd day of January, 2018, by the following
vote, to wit:
AYES:
Council Members:
NOES:
Council Member:
ABSENT:
Council Member:
ABSTAIN:
Council Member:
MARIA ALICIA DUARTE, CMC
City Clerk