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RESOLUTION NO. 8566
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA APPROPRIATING FUNDS FOR EXCESS WORKERS'
COMPENSATION INSURANCE
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the City has received the following quotes for
renewal of Excess Workers' Compensation insurance coverage:
Premium
Company Limits SIR Deposit Rate
Employers Reinsurance Co. $1,000,000. $100,000 $29,750 .4028
Employers Reinsurance Co. $2,000,000. $100,000 $33,250 .4501
Employers Reinsurance Co. $1,000,000. $150,000 $23,140 .3133
Employers Reinsurance Co. $2,000.000. $150,000 $26,640 .3607
American Home $1,000,000. $250,000 $19,900 .2690
American Home $1,000,000. $200,000 $15,000 .202
and
WHEREAS, the Finance Director has recommended that the quote
of American Home of a $1,000,000 limit with a self-insured retention
of $200,000 at a premium of $15,000 be accepted because the present
reserve for workers' compensation is almost at the $200,000 level.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Chula Vista that the sum of $9890 be, and the same is hereby
appropriated from the General Fund Reserve.
BE IT FURTHER RESOLVED that this resolution shall be
adopted by the affirmative vote of at least four members of the
City Council.
Presented by Approved as to~~r by
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G rdon K. Grant, Director of George D. Lindberg, City Attorney
Finance
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 5th day of Aril
197 7 , by the following vote, to-wit:
AYES: Councilmen Scott, Egdahl, Hobel, Cox
NAYES: Councilmen None
ABSTAIN: Councilmen Hyde
ABSENT: Councilmen None
ATTEST
City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) s s .
CITY OF CHULA VISTA )
of the City of Chula Vista
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
,and that the same has not been amended or repealed.
DATED
(seal)
City Clerk
CC-660
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TT~~ 'n?~'y a~ j~c-
IT IS ~iER~ BY REQli£STED b_y the undersigned t~"iat the following
1tE:',l, wlt7 the unanl:':OUS COnSGrit Of the Ci t~' COII. Cll Oi t}1e Clt~y Of
Chula Vista, be considered and acted upon by ti:e Council pursuant
to the provisions oL Sec.2.04.090 of the Chula Vista City Code.
Resolution - Appropriating Funds for E~ce,6'~ 49orkers' Compensation
I nsurance
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=:~ (Signature)
ncil, as indicated by the following
CA-30i