RESOLUTION NO. ____
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COMMERCE, CALIFORNIA, APPROVING THE RENEWAL AMENDMENT NO. 3 TO THE AGREEMENT FOR SELF-INSURED CLAIMS WHEREAS, on May 17, 2016, the City Council approved and authorized the Mayor to execute an agreement of the Worker’s Compensation membership in the Municipal Insurance Cooperative Joint Powers Authority providing the services and maintenance of a Joint Purchasing Program for Worker’s Compensation and other cover ages; and WHEREAS, the City Council provided authorization to the City Administrator to execute any other documents needed to effectuate the City’s membership; and WHEREAS, the City Administrator executed an agreement from July 1, 2016 through June 30, 2019 with Keenan & Associates, a full service brokerage firm and management of the Municipal Insurance Cooperative, to provide the City of Commerce with a worker’s compensation program to include a self-insured retention; and WHEREAS, the first renewal amendment stipulates “Exhibit C” attached to the amendment will supersede both “Exhibit B” and “Exhibit C” of the executed agreement from July 1, 2016 through June 30, 2019; and WHEREAS, the second renewal amendment stipulates that “Exhibit C” attached to the amendment will supersede “Exhibit C” of the first renewal amendment and proposed to renew for an additional one (1) year beginning on July 1, 2022; and WHEREAS, the third renewal amendment stipulates that Exhibit “C” attached to the amendment will supersede “Exhibit C” of the second amendment and proposes a renewal period from July 1, 2023 through June 30, 2024; and WHEREAS, the fiscal impact for this option to renew for additional 1 year with payment to made full on July 1, 2023 in the amount of $40,547.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF COMMERCE DOES HEREBY RESOLVE, DECLARE AND DETERMINE AS FOLLOWS:
Section 1. The City Council of the City of Commerce hereby finds and declares that the foregoing recitals are true and correct, and incorporates them herein as findings and as a substantive part of this Resolution.
Section 2. The Renewal Amendment No. 3 to the Agreement for Self-Insured Claims is approved.
Section 3. Authorize the City Manager or Mayor to execute the agreement on behalf of the City and other documents needed to effectuate City’s membership of the Municipal Insurance Cooperative Joint Powers Authority.
Section 4. Authorize the Mayor to execute the Resolution for and on behalf of the City of Commerce.
Section 5. This Resolution shall take full force and effect immediately upon adoption by the City Council.
PASSED, APPROVED AND ADOPTED THIS 13th day of June, 2023.
Hugo A. Argumedo Mayor
ATTEST:
Lena Shumway City Clerk