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ADOPT: Resolution Approving the City of San Leandro's General Liability Self-Insured Retention Level from $1,000,000 to $500,000 through the California Joint Powers Risk Management Authority (approves decrease in self-insured retention level effective July 1, 2012, based on the City's loss history)
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WHEREAS, the City of San Leandro currently has a $1,000,000 Self-Insured Retention level through the California Joint Powers Risk Management Authority; and
WHEREAS, a request to reduce the level to $500,000 effective July 1, 2012 has been presented to this City Council through the Finance Committee; and
WHEREAS, the City Council is familiar with the contents thereof; and
WHEREAS, the Finance Committee and the City Manager have recommended approval of reducing the Self-Insured Retention level to $500,000.
NOW, THEREFORE, the City Council of the City of San Leandro does RESOLVE as follows:
That said $500,000 Self-Insured Retention level through the California Joint Powers Risk Management Authority is hereby approved and execution by the City Manager is hereby authorized.