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Resolution No. 88-~ <br />Page 8 <br /> <br />prohibit any county, city and county, city, township, or <br />other political corporation or subdivision of the State <br />from joining with other such agencies in providing for the <br />payment of workers' compensation, unemployment <br />compensation, tort liability, or public liability losses <br />incurred by such agencies, by entry into an insurance <br />pooling arrangement under a joint exercise of powers <br />agreement, or by membership in such publicly-owned <br />nonprofit corporation or other public agency as may be <br />authorized by the Legislature"; <br /> <br /> WHEREAS, Premium <br />consideration of the <br />Agreement and by the <br /> <br />shall be paid by the City in <br />Coverage offered by the Coverage <br /> <br />Memorandum and the sharing of the <br /> <br />risk of liability for claims associated with the pooled <br />self-insurance program during each Coverage Period (as <br />defined in the Coverage Agreement); this Council hereby <br />agrees and determines that such Premium payments represent <br />the fair market value of the Co.verage; in making such <br />determination, consideration has been given to the initial <br />costs of establishing the pooled insurance program, the <br />unavailability of affordable commercial liability <br /> <br />insurance to <br /> <br />to time, the <br />insurance in <br />Participants <br />other Participants' <br /> <br />the City and to other Participants from time <br />anticipated costs of commercial liability <br />the future, the obligations of the <br />under the Coverage Agreement (including the <br /> <br /> agreement to share the risk of costs <br /> <br /> <br />