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JWFI9122103 <br /> <br />RESOLUTION NO. 2003-090 <br /> <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />SANTA ANA AMENDING THE LIABILITY RISK <br />COVERAGE AGREEMENT AND THE JOINT POWERS <br />AGREEMENT CREATING THE BIG INDEPENDENT <br />CITIES EXCESS POOL JOINT POWERS AUTHORITY, <br />APPROVING THE PREPAYMENT OF BASIC PREMIUM, <br />AND AUTHORIZING, RATIFYING, AND APPROVING <br />CERTAIN OTHER DOCUMENTS AND ACTIONS IN <br />CONNECTION THEREWITH. <br /> <br /> BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF SANTA ANA AS <br />FOLLOWS: <br /> <br /> Section 1. The City Council of the City of Santa Ana hereby finds, determines <br />and declares as follows: <br /> <br />The Cities of Santa Ana, Huntington Beach, Oxnard, Pomona, and San <br />Bernardino formed the Big Independent Cities Excess Pool Joint Powers <br />Authority, a joint exercise of powers entity organized and existing under the <br />laws of the State of California (the "Authority"); and <br /> <br />The Authority and the Cities of Santa Ana, Huntington Beach, Oxnard, <br />Pomona, and San Bernardino entered into the Liability Risk Coverage <br />Agreement dated as of October1, 1988 (the "Original Agreement"), as <br />amended by the First Amendment to Liability Risk Coverage Agreement <br />dated as of December 1, 1988 (the "First Amendment"), by and among the <br />Authority and the Cities of Huntington Beach, Oxnard, Pomona, San <br />Bernardino, and Santa Ana, and by Resolution No. 95-1, adopted by the <br />Board of Directors of the Authority (the "Board") on November 25, 1995 (the <br />"Second Amendment") (the Original Agreement, as amended by the First <br />Amendment and the Second Amendment, is referred to herein as the <br />"Agreement"); and <br /> <br />The City of Pomona ("Pomona") has been expelled from Coverage (as <br />defined in the Agreement) as a Participant (as defined in the Agreement) <br />under the Agreement, effective as of August 18, 2003; and <br /> <br />The City has been informed that the City of West Covina ("West Covina") has <br />delivered to the Authority an application to be admitted as a new Participant; <br />and <br /> <br />E. in connection with the admission of West Covina as a new Participant and the <br /> expulsion of Pomona from Coverage as a Participant under the Agreement, <br /> <br />Resolution No. 2003-090 <br /> Page 1 of 5 <br /> <br /> <br />