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HomeMy WebLinkAboutReso - CC - 073-2007RESOLUTION NO. 73-2007 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BURLINGAME TERMINATING THE CALIFORNIA PUBLIC ENTITY INSURANCE AUTHORITY JOINT POWERS AGREEMENT WHEREAS, the CSAC Excess Insurance Authority (EIA) and the California Public Entity Insurance Authority (CPEIA) have merged into one organization, the EIA, and there is no need for the CPEIA to continue to exist; and WHEREAS, CPEIA members are able to join the EIA as public entity members; and WHEREAS, pursuant to Article 22 of the CPEIA Joint Powers Agreement (Agreement) the affirmative vote of the governing bodies of three-fourths of the members are required to terminate the Agreement; and WHEREAS, there are no assets or other property to distribute under Article 22 of the Agreement; NOW, THEREFORE, BE IT RESOLVED that: 1. Pursuant to the provisions of Article 22 of the Agreement, the City elects to terminate the CPEIA, and this termination shall become effective upon the affirmative vote of the governing bodies of three-fourths of the members of the CPEIA. �kAYORO I, DORIS MORTENSEN, City Clerk of the City of Burlingame, do hereby certify that the foregoing resolution was introduced at a regular meeting of the City Council held on the 1st day of October 2007, and was adopted thereafter by the following vote: AYES: COUNCILMEMBERS: BAYLOCK, COHEN, KEIGNEAN, NAGEL,o'NAHONY NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE Cffy Clerk