Resolution Number 86-2-4-6RESOLUTION NO. 86-2-4-6
ESTABLISHING A LOSS PAYMENT TRUST FUND
FOR LIABILITY INSURANCE CLAIMS
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JUAN CAPISTRANO, CALIFORNIA,
ESTABLISHING A LOSS PAYMENT TRUST FUND FOR
LIABILITY INSURANCE CLAIMS
465
WHEREAS, the City Council of the City of San Juan
Capistrano hereby recognizes a need to establish a sound fiscal
policy as it relates to Liability Insurance Claims filed against
the City; and,
WHEREAS, the Fund will be established at a level equal
to $150,000.00 plus or minus recommended reserve limits provided
by the City's Claims Administrator; and,
WHEREAS, the Fund will be restricted as to its use and
may include claims loss payments, claims administration, legal
costs associated therewith and any other programs identified by
the City Council to secure liability insurance coverage; and,
WHEREAS, any authorization to reduce the recommended
levels of reserves will constitute an appropriation from the
City's General Fund to maintain that level; and,
WHEREAS, at no time during the fiscal year should the
level of reserves dip below the recommended reserve limit, and
will be in balance at the last day of each fiscal year.
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of San Juan Capistrano that a Loss Payment Trust Fund
for Liability Insurance Claims is hereby authorized to be
established at $150,000.00 by the Director of Administrative
Services with reserve limits to be provided by the City's Claims
Administrator.
PASSED, APPROVED AND ADOPTED this 4th day of
February 1986
PHILLIP . SCHWARTZE MAYOR
ATTEST:
=AVP M's R KIP
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4 6 6 STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF SAN JUAN CAPISTRANO )
I, MARY ANN HANOVER, City Clerk of the City of San Juan
Capistrano, California, DO HEREBY CERTIFY that the foregoing is a
true and correct copy of Resolution No. 56-2-4-6 , adopted by
the City Council of the City of San Juan Capistrano, California,
at a regular meeting thereof held on the 417h day of
FFpbruary , igg6 , by the following vote:
AYES: Councilmen Friess, Bland, Buchheim,
Hausdorfer, and Mayor Schwartze
NOES: None
ABSENT: None
(SEAL)
MA Y AN N
,,;ZANOVER, CITY CLERK
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STATE OF CALIFORNIA 467
COUNTY OF ORANGE ) ss. AFFIDAVIT OF POSTING
CITY OF SAN JUAN CAPISTRANO )
MARY ANN HANOVER, being first duly sworn, deposes
and says:
That she is the duly appointed and qualified City Clerk
of the City of San Juan Capistrano;
That in compliance with State laws of the State of
California and in further compliance with City Resolution
No. 83-12-20-3 and on the —bth day of February 1986.
she caused to be posted:
RESOLUTION NO. 86-2-4-6
being: ESTABLISHING A LOSS PAYMENT TRUST FUND
FOR LIABILITY INSURANCE CLAIMS
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SAN JUAN CAPISTRANO, CALIFORNIA,
ESTABLISHING A LOSS PAYMENT TRUST FUND FOR
LIABILITY INSURANCE CLAIMS
in three (3) public places in the City of San Juan Capistrano,
to wit: City Hall; Old Fire Station Recreation Complex; Orange
County Public Library.
MARY ANN NOVER, CITY Cg LERK
San Juan Capistrano, California
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