HomeMy WebLinkAboutResolution No. 166CITY OF MEDINA, WASHINGTON
RESOLUTION NO. 166
A RESOLUTION AUTHORIZING the expenditure of City of Medina funds
to study the feasibility of its participation in the Puget Sound Cities Insurance
Authority to jointly self -insure its general liabilities.
WHEREAS, the cost, availability, and adequacy of insurance coverage
for cities is a major concern to the City of Medina, and;
WHEREAS, joining together with other cities for joint self-insurance
and/or joint purchase of insurance coverages is an alternative to conventional
insurance purchase and claim procedures, and;
WHEREAS, the City of Medina is interested in obtaining information re-
garding its participating in the Puget Sound Cities Insurance Authority, and;
WHEREAS, it is recognized that determining the feasibility of the City
of Medina participating in PSCIA can be best.determined through an evaluation by
PSCIA of the City's management activity and loss and exposure activity, and;
WHEREAS, the City recognizes that payment of a fee to PSCIA toconduct
an evaluation study is a necessary step to ensure a timely and complete review of
its possible participation.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MEDINA:
Section 1. That the City of Medina desires PSCIA to perform the neces-
sary evaluation study to assist it in determining the feasiblity of the
City participating in PSCIA's joint self-insurance pool.
Section 2. That any funds paid by the City of Medina to PSCIA will be
considered a non-refundable study fee for initial evaluation of City
participating in PSCIA.
Section 3. That the amount of $1,560 :shall be paid to PSCIA
on an evaluation fee by the City ofMeedina. This fee shall be paid to
Puget Sound Cities Insurance Authority, c/o Blaine Martin, Authority
Treasurer, P.O. Drawer "B", Lacey, WA 98503.
THIS RESOLUTION ADOPTED this llth day of Jun 19 /
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Gordon Griffes, W�yor
ATTEST: 1, _ `.'.C-`-��.-9it�Y� i�:'�- 6reby codify thal I am the City Clad
of the City Cr Ale=ico; 161 tm:.esad here:* is crcmv.m.
ENTITLED:
Della M. Wyatt, City Clerk
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City Clerk
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