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RESOLUTION NO. 1053
A RESOLUTION RELATING TO PARTICIPATION IN JOINT LIABILITY INSURANCE
STUDY BY THE TOWN OF LOS ALTOS HILLS.
WHEREAS, the Santa Clara County Inter-City Council referred to the City
Managers' Association the examination of the various aspects of the liability
insurance problem, and
WHEREAS, the City Managers' Association appointed a committee of city
and county staff representatives to develop such a report which subsequently
was approved by the City. Managers' Association, and
WHEREAS, this report recommends that Santa Clara County Cities and the
County jointly fund a study regarding the establishment of a self-insurance
program, and
WHEREAS, the Santa Clara County Inter-City Council has authorized staff
to prepare a mutual contract and circulate it amongst the cities and the County
for their approval of the study and determine how much each City would pay,
based upon each jurisdiction's population,
BE IT THEREFORE RESOLVED THAT the Town of Los Altos Hills approves
participation in a joint cities-county self-insurance study that will examine
the following aspects of the liability insurance problem:
I . An actuary study to establish funding needs for excess exposure.
2. The method of pooling to be used.
3. Funding technique to be used.
4. Type of management structure best to administer the proposed program.
5. Examine the possible levels of coverage and corresponding contributions.
6. Advise on other Risk Management areas that might be cooperatively
undertaken by the cities and the County, and
BE IT FURTHER RESOLVED THAT THE Town of Los Altos Hills approves a
maximum of $125 as its share of the joint Liability Insurance Study; said share
to be contributed only if all of the cities and the County participate in the
study.
BE IT FURTHER RESOLVED THAT the selection of consultant, consultant costs
to a maximum of $20,000, and the performance of the consultant be the charge of
the Liability Insurance Subcommittee of the City Managers' Association.
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I HEREBY CERTIFY that the foregoing Resolution was passed and adopted
at a regular meeting of the City Council of the Town of Los Altos Hills held
on the 17th day of August, 1977.
By 2-`
Mayor
ATTEST:
C ty Clerk