Reso 0753-03/1986 RESOLUTION NO. 753
RESOLUTION OF THE BOARD OF DIRECTORS OF
THE SAN MARCOS COUNTY WATER DISTRICT
CONSENTING TO ENTER THE JOINT PROTECTION
PROGRAM OF THE ASSOCIATION OF CALIFORNIA
WATER AGENCIES JOINT POWERS INSURANCE AUTHORITY
WHEREAS, pursuant to the provisions of Section 990,
990.4, 990.8, and 6500 of the Government Code, this District
wishes to enter into an agreement with various other districts
entitled 'Joint Powers Agreement: Creating the Association of
California Water Agencies Joint Powers Insurance Authority'
(the 'Authority'), for the purpose of participating in the
Joint Powers Insurance Authority created thereby, which since
its formation has provided for and administered a joint
protection program as more fully set forth in said agreement;
and
WHEREAS, the deposit premium to be paid by this
District for liability insurance coverage, exclusive of
separate Dam Failure Liability, is the sum of $31,377.00; and
WHEREAS, said joint protection program offers
significant advantages to this District in terms of cost,
liability protection, and services, and entering such program,
on the conditions hereinafter set forth, appears to be in the
best interest of this District.
NOW, THEREFORE, BE IT RESOLVED by the Board of
Directors of the San Marcos County Water District as follows:
Section 1: That the Board of Directors of the San
Marcos County Water District hereby consents to the
above-mentioned Joint Powers Agreement, and the resolutions and
policies enacted in implementation of such Agreement, to enter
said joint protection program on the following conditions:
(a) That the liability insurance coverage
deposit premium for this District for the first partial year of
participation in such joint protection program, as determined
by the Authority, shall be paid in the amount of $31,377.00 to
obtain coverage.
Section 2: That the District hereby selects $10,000
as its Self Insured Retention (SIR) for the first partial year
of participation under the Authority's cost allocation formula
for liability exclusive of Dam Failure Liability.
Section 3: That the Auditor of this District is
hereby authorized to pay to ACWA/Joint Powers Insurance
Authority the amount of $31,377.00 for its first deposit
premium.
Resolution No. 753
Page 2
Section 4: That the Secretary of the Board of
Directors of this District is directed to certify a copy of
this resolution and to forward the same resolution, the signed
JPIA Agreement, and the JPIA deposit premium payment promptly
by mail to the Association of California Water Agencies/Joint
Powers Insurance Authority, 7844 Madison Avenue, Suite 167 Fair
Oaks, California 95628, at which time insurance coverage will
commence April l, 1986.
PASSED, APPROVED AND ADOPTED this 17th day of March,
1986 by the following roll call vote:
AYES: NEWPORT, FERGUSON, MAHR
NOES: NONE
ABSTAIN: NONE
ABSENT: RUTHERFORD, MASON
Mary A. Newport
~ectors
San Marcos County Water District
ATTEST:
William W. Rucker, Secretary
Board of Directors
San Marcos County Water District