Resolution 556MAE:jt
6/2/83
RESOLUTION NO. 556
A RESOLUTION OF THE CITY COUNCIL OF EDMONDS,
WASHINGTON, AUTHORIZING THE EXPENDITURE OF
FUNDS TO STUDY THE FEASIBILITY OF PARTICI-
PATION BY THE CITY OF EDMONDS IN THE PUGET
SOUND CITIES INSURANCE AUTHORITY TO JOINTLY
SELF INSURE ITS GENERAL LIABILITIES.
WHEREAS, the cost, availability, and adequacy of
insurance coverage is a major concern to the City of Edmonds,
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 Edmonds is interested in
obtaining information regarding its participating in the
Puget Sound Cities Insurance Authority ( PSCIA), and
WHEREAS, it is recognized that determining the
feasibility of the City of Edmonds 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, PSCIA requires a fee to conduct such an
evaluation study, now, therefore,
THE CITY COUNCIL OF THE CITY OF EDMONDS HEREBY
RESOLVES AS FOLLOWS:
Section 1. The City of Edmonds desires PSCIA to
perform the necessary evaluation study to assist it in
determining the feasibility of the City participating in
PSCIA's joint self - insurance pool.
Section 2. That any funds paid by the City of
Edmonds to PSCIA will be considered a nonrefundable study fee
for initial evaluation of City participating in PSCIA.
Section 3. That the Finance Director is hereby
directed to pay $4,400.00 from the General Fund,
Department 250, to PSCIA to be the only fee required by PSCIA
to conduct such evaluation study.
RESOLVED THIS 7th day of June, 1983.
APPROVED:
MAYOR, H. H. HARRISON
ATTEST /AUTHENTICATED:
. .
CITY CLERK, IRENE YARNEY MORAN
FILED WITH THE CITY CLERK: May 31, 1983