HomeMy WebLinkAboutResolution 2927 Authorizing revised liability program agreement for MMIA
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COMMISSION RESOLUTION NO. 2927
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOZEMAN,
MONTANA, AUTHORIZING THE ADOPTION AND EXECUTION OF THE
REVISED AND RESTATED LIABILITY PROGRAM AGREEMENT ENTERED
INTO BETWEEN THE MONTANA MUNICIPAL INSURANCE AUTHORITY
AND THE CITY OF BOZEMAN, DATED JULY 1, 1993; AND
AUTHORIZING THAT THE ADOPTION AND EXECUTION OF ANY
AMENDMENT THERETO MAY BE MADE BY MOTION.
BE IT RESOLVED by the City Commission of the City of Bozeman, Montana:
Section 1. Authorization and Recitals.
1.01 The City of Bozeman is a Participant in the Liability Risk Retention Program
of the Montana Municipal Insurance Authority.
1.02 The Participant has previously adopted and executed the Liability Insurance
Coverage Program Agreement dated as of August 15, 1986 between the Montana Municipal
Insurance Authority and the Participant.
1.03 The Participant has also previously adopted and executed the First
Amendment to Liability Insurance Coverage Program Agreement dated as of March 1, 1993
between the Montana Municipal Insurance Authority and the Participant.
1.04 The Participant is authorized by Section 2-9-211, Montana Code
Annotated, and Title 7, Chapter 11, Part 1, Montana Code Annotated (the Interlocal
Cooperation Act) to enter into agreements for the purpose of obtaining liability insurance in
cooperation with other local governmental entities; and is thereby authorized to enter into
such agreements as may be necessary to effect the purposes of those statutes.
Section 2. Findings.
It is hereby found, determined and declared that:
(a) The Liability Risk Retention Program of the Montana Municipal
Insurance Authority provides an immediate and long-term solution to the
Participant's inability to obtain primary or excess general liability insurance
at reasonable rates; and
(b) It is in the best interest of the Participant to continue its
participation in the Liability Risk Retention Program and to this end the
terms and conditions set forth in the First Amended and Restated Liability
Program Agreement dated July 1, 1993 are necessary, desirable and
proper to achieve the goals of the Liability Risk Retention Program, and
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the representations, covenants and recitals made therein by the
Participant are true, valid and correct.
Section 3. Authorization and ADDroval of the Amended and Restated Liability
Program Aareement dated Julv 1. 1993.
The Participant is hereby authorized to continue its participation in the Liability Risk
Retention Program and to execute the First Amended and Restated Liability Program
Agreement dated July 1, 1993.
Section 4. Authorization to ADDrove Future Amendments to the Program
Agreement bv Motion.
The Participant is hereby authorized to approve the adoption of any amendments
to and execution of any amendments to the First Amended and Restated Liability Program
Agreement dated July 1, 1993 or any successor Program Agreement thereto by motion duly
made, seconded and approved.
Section 5. Effective Date.
This resolution shall become effective thirty (30) days after its passage and
approval.
PASSED AND ADOPTED by the City Commission of the City of Bozeman, Montana, .
at a regular session thereof held on the 26th day of July 1993. ,
ATTEST:
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Clerk of the Commission
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IN WITNESS WHEREOF, THE Authority has caused
thi~
Agreement to be executed in its name by its
duly author.izerl
officers: and the Participants have caused this Agreement
to b~
executed in their names by their duly authorized officers, as of thp
date first above written.
MONTANA MUNICIPAL INSURANCE AUTHORITY,
as Authority
By
Chairman
ATTEST:
General Manager./Secretary
CITY OF BOZEMAN
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Its City Manager
ATTEST:
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city Clerk
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