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RESOLUTION NO. 6451
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARCADIA, CALIFORNIA, APPROVING THE FIFTH AMENDMENT
TO THE JOINT EXERCISE OF POWERS AGREEMENT FOR
INSURANCE AND RISK MANAGEMENT
WHEREAS, the City of Arcadia is a member of the Independent Cities Risk
Management Authority ("ICRMA") and a signatory to its Joint Exercise of Powers
Agreement for Insurance and Risk Management Purposes ("JPA"); and
WHEREAS, the original JPA provided for the issuance of Certificates of
Participation ("COP") which have been retired and contained other provisions for the
governance of ICRMA; and
WHEREAS, the ICRMA's Governing Board has approved a Fifth Amendment to
the JPA ("Fifth Amended JPA") which deletes references to the COP and makes other
changes to the JPA as shown on the document entitled, "Comparison of 1998 Joint Powers
Agreement and October 2004 Amended Joint Powers Agreement" which has been
provided to this City Council along with a staff report; and
WHEREAS, the Fifth Amendment to the JPA will become effective upon
approval by the city councils of two-thirds of the ICRMA members.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA DOES
HEREBY FIND, DETERMINE, AND RESOLVE AS FOLLOWS:
SECTION 1. The City Council hereby approves the Fifth Amendment to the
JPA, as recommended for approval by the ICRMA Governing Board and as presented to
the City Council.
SECTION 2, A certified copy of this Resolution shall be forwarded to the
ICRMA, to the attention of its General Manager by the Administrative Services Department
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of the City.
SECTION 3. The City Clerk shall certify to the adoption of this Resolution.
Passed, approved and adopted this 16th day of November 2004.
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Mayor of the City of Arcadia
ATTEST:
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City Clerk
APPROVED AS TO FORM:
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City Attorney
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STATE OF CALIFORNrA )
COUNTY OF LOS ANGELES ) SS:
CITY OF ARCADIA )
I, JAMES H. BARROWS, City Clerk of the City of Arcadia, hereby certifies
that the foregoing Resolution No. 6451 was passed and adopted by the City Council of
the City of Arcadia, signed by the Mayor and attested to by the City Clerk at a regular
meeting of said Council held on the 16th day of November, 2004 and that said
Resolution was adopted by the fo]]owing vote, to wit:
AYES: Council Member Chandler, Marsha]], Segal, Wuo and Kovacic
NOES: None
ABSENT: None
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City Clerk of the City of Arcadia
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