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HomeMy WebLinkAbout18188 ORD - 04/18/1984AN ORDINANCE CONSOLIDATING THE PREVIOUSLY EXISTING INSURANCE FUND, SELF-INSURANCE FUND AND WORKERS COMPENSATION FUND INTO A NEW SELF-INSURANCE FUND TO PROVIDE EXTRAORDINARY COVERAGE FOR VARIOUS LOSSES; PROVIDING FOR PROMPT ADMINISTRATIVE ACTION IN SETTLING CLAIMS; PROVIDING FOR REPEAL OF EXISTING ORDINANCES; AND DECLARING AN EMERGENCY. WHEREAS, the City of Corpus Christi established a program for the purpose of self-insurance for liability risks by Ordinance No. 15190, as amended by Ordinance No. 17707, and expressed the intention of accumulating cash reserves of at -least $2,000,000 as coverage for such risks; and WHEREAS, the City of Corpus Christi established by Ordinance No. 17494 a program for administering a Workers Compensation Self Insurance Fund; and WHEREAS, the City of Corpus Christi has consolidated its excess insurance coverages for property and casualty losses, general liability, auto liability, public official liability, liability for loss of money or securities, property losses, workers compensation, and other miscellaneous risks into a unified insurance program; BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI, TEXAS: SECTION 1. That a new Self -Insurance Fund be established by consolidating the previously existing Insurance Fund, Self -Insurance Fund and Workers Compensation Self Insurance Fund to provide coverage for property and casualty losses, general liability, auto liability, public official liability, liability for loss of money or securities, property losses, workers compensation, and other miscellaneous risks. No part of said Fund shall be expended for any purposes other than the losses or liabilities of the City of Corpus Christi, Texas, its officers, agents, and employees and administrative expenses associated with the Self -Insurance Program. Each operating fund of the City shall pay into the Self- Insurance Fund such amounts as are established by the City's annual budget to underwrite anticipated losses and exposures based upon the estimated insurance premiums which would be applicable to each type of risk involved in such operating fund. SECTION 2. The City Manager is hereby authorized to establish administrative procedures for the settlement and payment of claims, and enter into contractual agreements for the purpose of providing claims administrative and adjustment services, for all claims covered under the City's self-insurance program. Such contractual agreements may provide for the establishment of various trust accounts to be maintained by the servic- ing agent for the purpose of settling various claims, which settlements will be subject to the approval of the City Manager. SECTION 3. Upon the establishment of the Self -Insurance Fund provided by this Ordinance and the transfer of existing amounts on deposit into said fund, Ordinances No. 15190, No. 17707, and No. 17494 are hereby repealed and declared to have no further force or effect. MICROFILMED -sFP ? Q ,ncyk 18188 SECTION 4. That upon written request of the Mayor of five Council members, copy attached, to find and declare an emergency due to the need for efficient administration of City affairs, such finding of an emergency is made and declared requiring suspension of the Charter rule as to consideration and voting upon ordinances or resol ions at three regular meetings so that this ordinance is passe d shall . e of ect up first reading as an emergency measure this the /� day of . , 19 ATTEST: City etary4°. APPROVED: .441 (3 DAY OF 4,4 , 19 S'(: J. BRUCE AYCOCK, CITY ATTORNEY By u Et- ssistant ty Pttornek • MAYOR THE CITY OF CORPUS CHRISTI, TEXAS Corpus Christi, Tex s /f4 day of , l988 TO THE MEMBERS OF THE CITY COUNCIL Corpus Christi, Texas For the reasons set forth in the emergency clause of the foregoing ordinance or resolution, an emergency exists requiring suspension of the Charter rule as to consideration and voting upon ordinances or resolutions at three regular meetings; I/we, therefore, request that you suspend said Charter rule and pass this ordinance or resolution finally on the date it is introduced, or at the present meeting of the City Council. Respectfully, Respectfully, Council Members The above ordinance was Luther Jones Betty N. Turner David Berlanga, Sr. Welder Brown Leo Guerrero Dr. Charles W. Kennedy Joe McComb Frank Mendez Mary Pat Slavik MAYOR Y passed by THE CI OF CORPUS CHRISTI, TEXAS the following vote: 18188