1994-22 Committing the Kodiak Island Borough as a Member of the Alaska Municipal League/Joint Insurance Association, Inc. and Approving a Cooperative Participation Agreement.Sartinn 1
KODIAK ISLAND BOROUGH
RESOLUTION NO. 94 -22
Introduced by:
Requested by:
Drafted:
Introduced:
Adopted:
A RESOLUTION COMMITTING THE KODIAK ISLAND BOROUGH
AS A MEMBER OF THE ALASKA MUNICIPAL LEAGUE
JOINT INSURANCE ASSOCIATION, INC. AND
APPROVING A COOPERATIVE PARTICIPATION AGREEMENT
Mayor Selby
AML /JIA
Finance Director
07/07/94
07/07/94
WHEREAS, a not - for - profit association has been established, pursuant to AS 21.76,
by the Alaska Municipal League to provide risk management services for
Alaska municipalities, city and borough school districts and regional
education attendance areas; and
WHEREAS, the Association will provide pooling of risks, self- insurance management,
joint purchase of insurance, claims administration, loss prevention and
control, insurance defense and other related risk management services
on behalf of its members; and
WHEREAS, similar local government associations throughout the United States have
been able to assure insurance coverage while obtaining significant long-
term economic savings for their members due to the joint buying power
of the members, the non - profit tax - exempt status of the Association, the
pooling and investment of premiums paid, and risk management services
provided for members; and
WHEREAS, AS 21.76.010 provides that two or more local governmental entities
may enter into cooperative agreements for these purposes; and
WHEREAS, the Borough wishes to participate in the Joint Insurance Arrangement;
NOW, THEREFORE, BE IT RESOLVED BY THE ASSEMBLY OF THE KODIAK ISLAND
BOROUGH THAT:
Tha Kndiak Island Rnrnunh harphv indinatac its rnmmitmant to harnma
a member of the Alaska Municipal League Joint Insurance Association,
Inc. organized pursuant to AS 21.76. By making this commitment, the
Borough Assembly hereby accepts and approves the bylaws of the
Association, a copy of which is attached hereto and incorporated by
reference.
Kodiak Island Borough, Alaska Resolution No. 94 -22
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Section 2: The Borough Assembly hereby approves a Cooperative Participation
Agreement (hereinafter the "Agreement ") among municipalities, school
districts and regional education attendance areas creating the Alaska
Municipal League Joint Insurance Association, Inc., a copy of which is
attached hereto and incorporated by reference. The Mayor is hereby
authorized and directed to execute said agreement and other such
documents as may be necessary to effectuate participation of the
Borough as a member of the Alaska Municipal League Joint Insurance
Association.
Section 3:
The Borough Assembly pledges to appropriate sufficient funds for annual
premiums and assessments under the Agreement. The Agreement will
go into effect upon receipt by the Association of a signed copy of this
resolution and a signed Agreement. The municipality's participation in
the Association continues for a term of three years commencing on July
1 of the calendar year in which coverage begins. Amounts payable to
the Association, as encumbered by the Agreement, shall be classified as
operating expenses and are subject to annual appropriation by the
Borough Assembly.
Section 4: This resolution shall be effective upon enactment.
ATTEST:
ADOPTED BY THE ASSEMBLY OF THE KODIAK ISLAND BOROUGH
THIS SEVENTH DAY OF JULY, 1994
Donna F. Smith, CMG; Borough Clerk
Kodiak Island Borough, Alaska
KODIAK ISLAND BOROUGH
Resolution No. 94 -22
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