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Res 265RESOLUTION NO. 265 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF POWAY JOINING THE JOINT PROTECTION PROGRAM OF THE SOUTHERN CALIFORNIA JOINT POWERS INSURANCE AUTHORITY The City Council of the City of and resolve as follows: 'POWAY does hereby find, WHEREAS, pursuant to the provisions of Section 990, 990.4, 990.8, and 6500 of the Government Code, the Southern California Joint Powers Insurance Authority ("the Authority") has been created by a Joint Powers Agreement, and WHEREAS, a general liability joint protection program has been developed by said Authority pursuant to the provisions of said Agreement, which program became effective April 1, 1978, pursuant to the terms of Article 21 (b) of said Agreement, and WHEREAS, Article. 22 of said Agreemeht provides for the entry of new Member Cities into said joint protection program following.the first year of operation, and WHEREAS, the City has previously paid its proportionate share of organi- zational expenses, including those necessary to analyze its loss data and deter- mine its initial premium, and WHEREAS, the joint protection program of the Authority offers significant advantages to the City in terms of cost, liability protection, and services, and entering such program would be and is in the best interest of this City, NOW, THEREFORE, BE IT RESOLVED: SECTION I. That the Mayor of this City is hereby authorized and directed to execute'and make this City a ~arty to that certain Agreement entitled "Joint Powers Agreement Creating The Southern California Joint Powers Insurance Authority" on behalf of the City, binding the City to the terms and covenants of the said Agreement. SECTION 2. That this City hereby joins the general liability joint pro- tection program of the Southern California Joint Powers Insurance Authority, commencing at the beginning of a quarter year of the City's election following this date but not later than April 1, 1983, and for a period of not less than three years. SECTION 3. That an annual general liability deposit premium to be paid by the City, in the amount of $ 56,000.00, as established by the Authority, subject to retrospective adjustment as provided in Article 16 of said Agreement, is hereby approved; and the appropriate officers of the City are authorized and directed to cause the said premium, or a pro-rata part thereof fixed by the Authority to effect coverage for a term shorter than the general liability program fiscal year period, to be paid to the Authority. SECTION 4. That the City Clerk of the City is directed to certify a copy of this resolution and forward same promptly by mail to the Southern California Joint Powers Insurance Authority, 3662 Katella Avenue Suite 207, Los Alamitos, California 90720. RESOLUTION NO. 265 SECTION 5. This resolution shall be effective immediately upon adoption. PASSED, APPROVED, AND ADOPTED this 13th day of July , 1982. · f ~ayor ATTEST: /I City ~ ~ City of Poway