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Res 1460 - CIS w/d Self Ins Pl COUNCIL BILL NO. 1859 RESOLUTION NO. 1460 A RESOLUTION GIVING CITY COUNTY INSURANCE SERVICES TRUST NOTICE OF POTENTIAL WITHDRAWAL FROM MEMBERSHIP IN THE SELF-INSURANCE POOL. WHEREAS, City County Insurance Services Trust (CIS) provides a self- insurance pool to local government entities, and WHEREAS, the CIS Trust by-laws provide that participants in the insurance program adopt a resolution calling for a 3-year membership, and WHEREAS, the CIS Trust by-laws also provide procedures whereby participants may elect to withdraw from the CIS Trust prior to the end of the membership period, now, therefore, THE CITY OF WOODBURN RESOLVES AS FOLLOWS: Section 1. That the City of Woodburn hereby ratifies a letter sent by the City Attorney on December 26, 1997 to the CIS Trust giving them formal notice of intent to potentially elect early withdrawal from the CIS Trust for insurance coverages effective July 1, 1998. A copy of said letter is attached thereto and by this reference incorporated therein. I(fJ6 Approved as to Form~ .f'J/'q- I z.. -2 b -'19- City Attorney Date APPROVED: ~ ..J.......~ ~NANCY A. KIRKSE , MA R January 12, 1998 Passed by the Council Submitted to the Mayor January 13, 1998 Approved by the Mayor January 13, 1998 Filed in the Office of the Recorder January 13, 1998 ATTEST: fV/~~ Mary Te ant, Recorder City of Woodburn, Oregon Page 1 - COUNCIL BILL NO. 1859 RESOLUTION NO. 1460 .,...--._'~----.--~._-''''''''-' .. CITY OF WOODBURN 2.70 Montgomery Street · Woodburn, Oregon 97071 . (503) 982-5222 TDD (503) 982-7433 · FAX (503) 982-5244 December 26, 1997 Noel Klien City County Insurance Services P.O. Box 311 Salem, OR 97308 Dear Mr. Klien: Pursuant to applicable Trust bylaws and in order to preserve the City's legal options, this letter serves as formal notice to City County Insurance Services that the City of Woodburn may elect to early withdrawal from the CIS Trust for the following coverages: liability, Auto Physical Damage, and Workers' Compensation. The next regular Council meeting is January 12, 1998. I anticipate that a Council Resolution will follow retroactively ratifying this notice of intent and we will provide you with a copy of the Resolution. We hope that CIS will remain competitive and that such early withdrawal will not become necessary. Sincerely, 01.01- ~ N. Robert Shields City Attorney cc: City Recorder City Administrator Huggins Insurance T'"'"-- .