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1992-116-Authorizing Town Manager To Execute Revised Risk Coverage Agreement With Association Of Bay Area GovernmentsRESOLUTION 1992 -116 RESOLUTION OF THE TOWN OF LOS GATOS AUTHORIZING TOWN MANAGER TO EXECUTE REVISED RISK COVERAGE AGREEMENT WITH ASSOCIATION OF BAY AREA GOVERNMENTS (ABAG) WHEREAS, the Town of Los Gatos is empowered under Government ode Section 989 et sue., 6500 et .g4. and Labor Code Section 3700 to insure itself against liability and other losses, workers' compensation claims and to provide insurance and self- insurance in any desired combination; and WHEREAS, the Town is a member of the Association of Bay Area Governments (ABAG); and WHEREAS, the Town desires to contract with ABAG and other members of ABAG to pool their self- insured losses; jointly purchase excess insurance;and to develop effective risk management and loss control programs to reduce the amount and frequently of its losses (hereafter referred to as the 'PLAN Program "); and WHEREAS, the Town executed and delivered the Risk Coverage Agreement dated as of June 2, 1986, by and among ABAG and other cities participating in the PLAN Program including the Town; and WHEREAS, the Revised Risk Coverage Agreement dated as of July 1, 1992, is on file with the Town Clerk and is available for review by members of the Town Council and members of the general public; and WHEREAS, the Revised Risk Coverage Agreement provide for the continuation of the PLAN Program in a more flexible form with a wider range of insurance coverages; and WHEREAS, the Board of Directors of the ABAG PLAN Corporation representing participating cities in the PLAN program have recommended approval of the Revised Risk Coverage Agreement. NOW, THEREFORE, BE IT RESOLVED that the Town Manager or his designee is hereby authorized and directed to execute and deliver the Revised Risk Coverage Agreement in substantially the form on file with the Town Clerk to the Association of Bay Area Governments and to execute and deliver such other documents as may be reasonably necessary to effectuate the Revised Risk Coverage Agreement. PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los Gatos, California, held on the 15th day of June, 1992 by the following vote: COUNCIL MEMBERS: AYES: Randy Attaway, Joanne Benjamin, Steven Blanton, Brent N. Ventura NAYES: None ABSENT: Mayor Eric D. Carlson ABSTAIN: None SIGNEDJE1AYOR OF THE WN OF LOS GATOS LOS GATOS, CALIFORNIA ATTEST: CLERK OF THE TOWN OF LOS GATOS LOS GATOS, CALIFORNIA