HomeMy WebLinkAboutAgenda Statement 1987/08/11 Item 10•
COUNCIL AGENDA STATEMENT
Item 10
Meeting Date 8/11/87
ITEM TITLE: Resolution~~~~~Supporting the Establishment of a Non-Profit
California Cities Mutual Insurance Company
SUBMITTED BY: City Attorney
(4/5ths Vote: Yes No X)
This resolution would urge the League of California Cities to support the
formation of a non-profit insurance company for California cities.
RECOMMENDATION: Adopt tYie resolution
BOARDS/COMMISSIONS RECOMNNIENDATION: N/A
DISCUSSION:
'T'his resolution would urge the League of California Cities to establish a
non-profit California cities mutual insurance company to provide adequate
insurance at reasonable rates to its members. Insurance rates tend to run in
ycles and during the current cycle, the rates have been very high and at
~imes insurance has been difficult to obtain. 'This proposal is very
conceptual in nature at this point, but it is believed that it could result in
lower insurance premiums due to the elimination of the need for profit. We
have received the attached letter from the City of Coronado urging our support
for this resolution and it is staff's recommendation that we adopt the
resolution to support this concept.
FISCAL IMPACT: N/A
3177a
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' ~~
y he City Council of
Chula Vista, Cufifornia
Dated
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