1998_Resolutions - Laserfiche WebLink

Home Browse Search

RESOLUTION • AUTHORIZING MEMBERSHIP IN THE VIRGINIA MUNICIPAL LIABILITY POOL WHEREAS, the City of Charlottesville wishes to join with other political subdivisions to establish the Virginia Municipal Self -Insurance Association ("Association") to create pools to jointly and cooperatively self -insure and to pool the separate risks and liabilities of the individual members pursuant to the terms of Title 15.2, Sections 2700-2709 of the Code of Virginia; and WHEREAS, through such Association, the City of Charlottesville wishes to join with other political subdivisions to create the Virginia Municipal Liability Pool ("Pool") whereby members can jointly pool funds to provide the necessary anticipated financing for commercial general liability, automobile liability, and automobile physical damage; and WHEREAS, such Pool is licensed by the Bureau of Insurance of the State Corporation Commission; and WHEREAS, the City of Charlottesville has been provided with the following documents which provide a prototype of the responsibilities of the members of the Pool and the amount and terms of the coverage to be provided: Membership Agreement (dated 7/1/98) including the following exhibits: a. Exhibit 1 - sample declaration pages and coverage forms (7/1/98). b. Exhibit 2 - Virginia Municipal Self -Insurance Association Constitution and By -Laws (7/1/95). NOW, THEREFORE, BE IT RESOLVED, by the City of Charlottesville in a meeting assembled on the 8"' day of September, 1998: 1. The City of Charlottesville certifies its intention to become a member of the Pool beginning August 31, 1998 for the current Pool year and for two additional consecutive Pool years thereafter; 2. Such membership is contingent upon: a. Final approval of the Member Agreement and of the membership of the City of Charlottesville by the Association's Members' • Supervisory Board, or its designee.