HomeMy WebLinkAboutReso 1997-18636 RESOLUTION NO. 18636
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROPRIATING UNANTICIPATED INSURANCE
DIVIDENDS RECEIVED TO THE WORKERS COMPENSATION
TRUST FUND FOR CLAIMS RESERVE FUNDING PURPOSES
WHEREAS, on November 12, 1996, the City received an insurance dividend check in
the amount of (~105,182 from the San Diego Pooled Insurance Program Authority
(SANDPIPA); and
WHEREAS, these dividends were unanticipated and are insurance related; and
WHEREAS, staff recommends appropriating the dividends received to the Workers
Compensation Insurance Trust Fund to partially fund the required claims reserve.
NOW, THEREFORE, BE IT RESOLVED the City Council of the City of Chula Vista does
hereby appropriate unanticipated insurance dividends received in the amount of $105,182 to
the Workers Compensation Trust Fund for claims reserve funding purposes.
Presented by Approved as to form by
Resolution 18636
Page 2
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PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 22nd day of April, 1997, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, Salas, and Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
~Horton,/l~'Mayor
ATTEST:
Beverly ~.Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18636 was duly passed, approved, and adopted by the City
Council at a regular meeting of the Chula Vista City Council held on the 22nd day of April,
1997.
Executed this 22nd day of April, 1997.
Beverly ~/Aut~'elet, City Clerk ·