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HomeMy WebLinkAboutCC Resolution 7556 (Joint Powers Insurnace Authority)RESOLUTION NO. 7556 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL AUTHORIZING THE FINANCE DIRECTOR TO CANCEL EXISTING PROPERTY AND WORKERS COM- PENSATION INSURANCE AND CONTRACT FOR COVERAGE THROUGH THE CALIFORNIA JOINT POWERS INSURANCE AUTHORITY WHEREAS, the City of San Rafael has an excess Workers Compensation Insurance policy with Employers Reinsurance with an expiration date of December 8, 1987; and WHEREAS, the City of San Rafael has a property insurance policy with Zurich American with an expiration date of February 4, 1988; and WHEREAS, the City of San Rafael can purchase insurance through the California Joint Powers Insurance Authority under more favorable terms than existing policies. NOW, THEREFORE, BE IT RESOLVED that the Finance Director is authorized to cancel our existing excess Workers Compensation Insurance policy and our property insurance policy effective July 1, 1987, and to contract for insurance through the California Joint Powers Insurance Authority. I, JEANNE M. LEONCINI, Clerk of the City of San Rafael, hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a regular meeting of the Council of said City the 15th day of June , 1987, by the following vote, to wit: AYES: COUNCILMEMBERS: Breiner, Frugoli, Nave, Willms & Mayor Plulryan NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None '�. + J E M. LEONCIN , City Clerk