HomeMy WebLinkAboutReso 065-92 ABAG Self-InsuranceRESOLUTION NO. 65 - 92
ARESOLUTION OF THE CITY COUNCIL
OF THE CITY OF DUBLIN
RESOLUTION AUTHORIZING
PARTICIPATION IN A SELF-INSURED PROPERTY INSURANCE PROGRAM
OFFERED BY ABAG PLAN
WHEREAS, since 1986, the City of Dublin has been a charter member of the ABAG
PLAN Liability Program; and
WHEREAS, ABAG PLAN has previously made arrangements for the City to purchase
property insurance as part of a group purchase; and
WHEREAS, ABAG PLAN has designed a new program which combines commercial
property insurance with a self-insured layer; and
WHEREAS, the participating cities in the Property Insurance Program would
share the risk of any losses in the self-insured layer; and
WHEREAS, ABAG PLAN has developed premiums based upon the cost of the
commercial insurance plus an actuarially determined reserve to fund losses; and
WHEREAS, the program as designed would offer the City premium savings and an
opportunity to generate equity in the Property Insurance Program.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Dublin
does hereby approve participation in the ABAG PLAN Self-Insured Property Insurance
Program as described in the Staff Report of the City Council meeting of June 8,
1992.
BE IT FURTHER RESOLVED that the City Council does hereby direct the City of
Dublin representative on the ABAG PLAN Corporation Board of Directors to complete
all necessary documents to enroll the City in this program effective July 1, 1992.
PASSED, APPROVED AND ADOPTED this 8th day of June, 1992.
AYES: Councilmembers Burton, Howard, Jeffery, Moffatt, and
Mayor Snyder
NOES: None
ABSENT: None
ABSTAIN: None
ATTEST
a:Resoinsr.doc.agenda#9