55B - BICEP AGMTS TO ADD 2 MEMBERS

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CITY COUNCIL MEETING DATE: ~ ~ REQUEST FOR COUNCIL ACTION CLERK OF COUNCIL USE ONLY: JUNE 20, 2005 TITLE: AMENDMENTS TO CITIES EXCESS AGREEMENTS TO MEMBER: . ~/ t'z;a~//7:2<~. CITY MANAGER BIG INDEPENDENT POOL (BICEP) ADD TWO NEW APPROVED D As Recommended D As Amended D Ordinance on 151 Reading D Ordinance on 2nd Reading D Implementing Resolution D Set Public Hearing For CONTINUED TO tf FILE NUMBER RECOMMENDED ACTION Adopt a resolution which shall: 1. Approve the Second Amendment to the BICEP Joint Powers Agreement among the five city members of BICEP. 2. Approve the Fourth Amendment to the Liability Risk Coverage Agreement between BICEP and the member cities. 3. Authorize the City Manager to approve any additional amendments or agreements necessary to admit the City of Riverside and the Community Development Commission of the County of Los Angeles as members of Big Independent Cities Excess Pool (BICEP). DISCUSSION In the interest of strengthening BICEP and minimizing Santa Ana's share of risk in the pool, BICEP periodically considers new pool members. The City of Riverside and the Community Development Commission of the County of Los Angeles (CDCCLA) are seeking to join BICEP. BICEP's actuary reviewed the history and claims data of these two agencies and recommended their membership in BICEP. Among other things, the addition of these agencies in BICEP would give BICEP greater negotiating power in this difficult insurance market. The proposed amendments make technical amendments to the operative BICEP agreements necessary to facilitate CDCCLA membership as a non-city. The Second Amendment to the JPA would also widen the definition of permissible public agency members of BICEP to include non-California cities and public agencies. 55B-1