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<br />Amendments to BICEP Agreements <br />June 20, 2005 <br />Page 2 <br /> <br />It is anticipated the BICEP Board of Directors will formally recommend <br />these two entities for membership effective July 1, 2005 at BICEP's June <br />Board of Directors meeting, subject to member city ratification. Due to <br />very short time period before the start of the fiscal year, staff is <br />proposing that the City Manager, upon the concurrence of the City <br />Attorney, to be authorized to execute any further amendments the operative <br />BICEP documents to formally admi t Riverside and CDCCLA as members of <br />BICEP. <br /> <br />FISCAL IMPACT <br /> <br />Depending on whether both agencies join BICEP, the City's premium is <br />anticipated to be reduced. <br /> <br /> <br />55B-2 <br />