1985-182-Establishing Reserve For Self-Insurance FundRESOLUTION NO. 1985 -182
A RESOLUTION ESTABLISHING RESERVE FOR
SELF - INSURANCE FUND
WHEREAS, the Town has been notified by Levinson Bros., Inc. that
the Town will be without liability insurance coverage from December 23,
1985, until some unspecified date in 1986; and
WHEREAS, the Town needs to provide the financial resources to cover
potential claims;
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of
Los Gatos that a self - insurance reserve for liability coverage be
established in the amount of two hundred thousand ($200,000.00) dollars.
PASSED AND ADOPTED BY THE TOWN COUNCIL OF THE TOWN OF LOS GATOS,
CALIFORNIA, at a regular meeting held this 16th day
of December 1985, by the following vote:
AYES: COUNCILMEMBERS Joanne Benjamin, Eric D. Carlson,
Thomas J. Ferrito, Brent N. Ventura and Terrence
J. Daily.
NOES: COUNCILMEMBERS None
ABSENT: COUNCILMEMBERS None
ABSTAIN: COUNCILMEMBERS None
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SIGNED:an.r�� ' t
MAYOR OF THE TOWN OF LOS G TOS
ATTEST:
DEPUTY CLERK OF THE TOW�ZU LOS GATOS