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HomeMy WebLinkAboutTC Res 1992-06-03 (2) RESOLUTION NO. 2861 r A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF TIBURON AUTHORIZING EXECUTION OF THE REVISED RISK COVERAGE AGREEMENT FOR THE ABAG PLAN WHEREAS, the Town of Tiburon is empowered under Government Code Sections 989 g1 gg., 6500 g1 gg. and Labor Code Section 3700 to insure itself against liability and other losses, workers' compensation claims and to provide insurance and self-insurance in any desired combination; and WHEREAS, the Town is a member of the Association of Bay Area Governments (ABAG); and WHEREAS, the Town desires to contract with ABAG and other members of ABAG to pool their self-insured losses; jointly purchase excess insurance; and to develop effective risk management and loss control programs to reduce the amount and frequency of its losses (hereafter referred to as the "PLAN Program"); and ~ WHEREAS, the Town executed and delivered the Risk Coverage Agreement dated as of June 2, 1986, by and among ABAG and other cities participating in the PLAN Program including the Town; and WHEREAS, the Revised Risk Coverage Agreement dated as of July 1,1992, is on file with the Town Clerk and is available for review by members of the Town Council and members of the general public; and WHEREAS, the revised Risk Coverage Agreement provides for the continuation of the PLAN Program in a more flexible form with a wider range of insurance coverages; and WHEREAS, the Board of Directors of the ABAG Plan Corporation representing participating cities/towns in the PLAN Program have recommended approval of the Revised Risk Coverage Agreement. NOW, THEREFORE, BE IT RESOLVED, that the Town Council of the Town of Tiburon does hereby authorize and direct the Town Manager to execute and deliver the Revised Risk Coverage Agreement in substantially the form on file with the Town Clerk to the Association of Bay Area Governments and to execute and deliver such other documents as may be reasonably necessary to effectuate the Revised Risk Coverage Agreement. l Drafted 5/13/92 1 r PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Tiburon on June 3, 1992, by the following vote: AYES: COUNCILMEMBERS: Thayer, Thompson, Friedman NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Nygren, Kuhn /'-t-~~J MICHAEL FRIEDMAN, VICE-MAYOR Town of Tiburon ATTEST: . ~Y~_Alil_'-hI, 't//,,~ '" Q.~ d~_ F" THERESE M. H~ESSY, TOWN t1LERK l Drafted 5/13/92 2