1987 JUN 2 REG MIN - Laserfiche WebLink

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Mrs. Schon also spoke to the Council Members about the sign and tree, stating the issue is not the sign, as that has already been approved, however, they would like to have the tree removed, as it is old and unsightly, and would block the view of the sign. After discussion, moved by Councilwoman Cisneros, seconded by Council- man Rehrer, the Public Hearing was terminated. Unanimous vote. Moved by Councilwoman Cisneros, seconded by Councilman Rehrer, granting Appeal filed by Lincoln Jewelers, Michael Schon, on File Index No. V- 3-87. Unanimous vote. City Attorney Edwards advised that Staff would prepare a resolution in- dicating approval of the Appeal and making findings for Council's ap- proval at the next regular Council Meeting. CITY CLERK/RISK MANAGER'S REPORTS AND RECOMMENDATIONS: Liability Insurance City Clerk Ramos presented the following report to the Council Members. In January, 1987, Staff submitted three Joint Power Authority appli- cations and one commercial application in the initial process to ob- tain adequate and affordable liability coverage for the City. Joint Power Authorities (JPAs) are cities working together to meet a definite need for adequate liability coverage; their focus of concern is City -oriented rather than profit. The League of California Cities recent study reveals an estimated 327 cities participate in one of the 21 liability insurance JPAs that cur- rently exist to serve California cities, due to the fact that commer- cial insurance has been largely unavailable or unaffordable. Exhibit "A" outlines the quotes received. Based on extensive review and analysis of the quotes and pool documents received, Staff recom- mends that the City participate in the Independent Cities Risk Man- agement Authority. Independent Cities' strength lies in its length of existence. Found- ed in 1980, no losses have been incurred to date. The Liability Pool- ing Program provides cities with affordable excess insurance on an oc- currence basis with a $1OM limit. Cities share risk over their self- insurance retentions (SIRs), based on their allocated percentage of participation. The pool is fully funded with over $30M in unallocated reserves. At the April 21, 1987, City Council Meeting, the Council authorized purchase of Commercial Liability coverage from Planet Insurance with a premium of $328,805. At that time, Staff recommended that this be accepted as interim coverage, pending Staff's formal presentation to LA