Exhibit 1 RESOLUTION NO. 2025-116
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, APPROVING THE PURCHASE OF A MAXIMUM OF $43 MILLION
OF EXCESS LIABILITY INSURANCE COVERAGE THROUGH CALIFORNIA INSURANCE POOL AUTHORITY FOR FISCAL YEAR 2025-2026 FOR AN AMOUNT NOT TO EXCEED $1,461,174
WHEREAS, the City Council of the City of Carlsbad, California has determined that it desires to purchase excess liability insurance coverage through the California Insurance Pool Authority; and WHEREAS, Aon has negotiated the purchase of a maximum of $43 million of excess liability insurance coverage through the California Insurance Pool Authority for the next fiscal year beginning on July 1, 2025, and concluding on June 30, 2026.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as follows that:
1. That the above recitations are true and correct.
2. That the proposed action is not a “project” as defined by CEQA Section 21065 and CEQA Guidelines Section 15378(b)(4) and does not require environmental review under CEQA Guidelines Section 15060(c)(3) as it is a government fiscal activity and does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment.
3.That the purchase of a maximum of $43 million of excess liability coverage through the California Insurance Pool Authority effective July 1, 2025, to June 30, 2026, is hereby approved and the City Manager or designee is authorized to direct the Deputy City Manager of Administrative Services to issue a warrant in an amount not to exceed $1,461,174 for payment of the premium to the California Insurance Pool Authority.
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Docusign Envelope ID: 74464279-1241-4F76-95D3-D597BF39EBDA
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 10th day of June, 2025, by the following vote, to wit:
AYES: Blackburn, Bhat-Patel, Acosta, Burkholder, Shin.
NAYS: None.
ABSTAIN: None.
ABSENT: None.
______________________________________
KEITH BLACKBURN, Mayor
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SHERRY FREISINGER, City Clerk
(SEAL)
June 10, 2025 Item #1 Page 4 of 4
Docusign Envelope ID: 74464279-1241-4F76-95D3-D597BF39EBDA