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2026-013 - TO AUTHORIZE AND APPROVE POOLING OF SELF-INSURANCE THROUGH THE LIABILITY PROTECTION PROGRAM OF THE CALIFORNIA JOINT POWERS INSURANCE AUTHORITY RESOLUTION 2026-013 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS, COUNTY OF SANTA CLARA, CALIFORNIA,TO AUTHORIZE AND APPROVE POOLING OF SELF- INSURANCE THROUGH THE LIABILITY PROTECTION PROGRAM OF THE CALIFORNIA JOINT POWERS INSURANCE AUTHORITY WHEREAS, pursuant to the provisions of Section 6500 et seq. and also Sections 990.4 and 990.8 of the California Government Code,the California Joint Powers Insurance Authority ("California JPIA")was created in 1977; and WHEREAS,the Town of Los Gatos has executed the Joint Powers Agreement to become a member of the California JPIA; and WHEREAS,the California JPIA has established and administered a successful Liability Self-Insurance and Loss Pooling Program since April 1, 1978; and WHEREAS,there are significant financial and administrative advantages for the Town of Los Gatos to participate in the Primary Liability Program. NOW,THEREFORE, BE IT RESOLVED that the Town Council of the Town of Los Gatos does hereby resolve, order and determine as follows: Section 1. Liability coverage for the Town of Los Gatos through the Liability Program of the California JPIA is hereby authorized and directed effective July 1, 2026, pursuant to the terms of the Memorandum of Coverage in effect at the time of any occurrence covered by the Memorandum of Coverage. Section 2. That an initial annual contribution of $1,254,500, or such pro-rata part thereof as the California JPIA might determine for coverage of less than a fiscal period, for the Liability Program is approved and the appropriate officers of the Town of Los Gatos are authorized to pay the same to the California JPIA. Section 3. That the Town of Los Gatos will subsequently be required to make deposits and deposit adjustments as provided in the California JPIA Joint Powers Agreement. Section 4. That the coverage provided is from the first dollar incurred per occurrence and there is no self-insured retention level.The cost allocation formula, including the self-insured retention level, is periodically reviewed by the California JPIA and may be changed or amended in subsequent Program years. Section 5. That the Mayor shall sign, and the Town of Los Gatos' Clerk shall certify to the passage and adoption of this Resolution, and thereupon the same shall take effect and be in 1 of 2 Resolution 2026-013 April 7,2026 • force. Section 6. That the Town of Los Gatos' Clerk is directed to forward a certified copy of this Resolution to the California JPIA, 8081 Moody Street, La Palma, CA 90623. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 7th day of April, 2026, by the following vote: COUNCIL MEMBERS: AYES: Rob Rennie, Mary Badame, Maria Ristow, Matthew Hudes, Mayor Rob Moore NAYS: None ABSENT: None ABSTAIN: None SIGNED: MAYOR LOS GATOS, CALIFORNIA ATTEST: / I TOWN CLEF: LOS GATOS, CALIFORNIA 2 of 2 Resolution 2026-013 April 7, 2026