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Resolution No. 88-~ <br />Page 9 <br /> <br />imposed by liability claims to the City), the obligation <br />of the Authority to provide insurance services, the <br />benefits resulting from capitalization of a pooled <br />insurance program (including the prospect of access to the <br />commercial liability reinsurance market) and the other <br />benefits therefrom which will accrue to the City and the <br />health and safety of the general public; <br /> <br /> WHEREAS, the City receives benefit from the sharing of <br />risk of costs imposed by liability claims under the terms <br />of the Coverage Agreement during each Coverage Period; the <br />assessment of Pure Premium is the means by which such <br />risk-sharing is implemented; and the procedure established <br />in the Coverage Ageement for the calculation, adjustment <br />and assessment of Pure Premium is hereby determined to be <br />fair, just and reasonable as a means of such risk-sharing; <br /> <br /> WHEREAS, Section 52511 of the California Government <br />code provides that "[a] local agency may bring an action <br />to determine the validity of its bonds, warrants, <br />contracts, obligations or evidences of indebtedness <br />pursuant to Chapter 9 (commencing with Section 860) of <br /> <br />Title 10 of Part 2 of the Code <br />City proposes to bring such an <br />other Participants to validate <br /> <br />of Civil Procedure" and <br />action together with the <br />the Participants' <br /> <br />the <br /> <br />obligations under the Coverage Agreement, and proposes to <br />authorize legal counsel to conduct such proceedings; <br /> <br />419 <br /> <br /> <br />