HomeMy WebLinkAboutOrdinance #2260 ORDINANCE NO. 2260
AN ORDINANCE OF THE CITY OF HUNTINGTON BEACH
AMENDING THE HUNTINGTON BEACH MUNICIPAL CODE
BY ADDING CHAPTER 3. 14 THERETO ENTITLED, "SELF
INSURANCE LIABILITY CLAIMS LOSS RESERVE"
The City Council of the City of Huntington Beach does
ordain as follows :
SECTION 1. The Huntington Beach Municipal Code is hereby
amended by adding thereto Chapter 3. 14 to read as follows:
CHAPTER 3. 14
SELF INSURANCE LIABILITY CLAIMS LOSS RESERVE
3. 14. 010 Self insurance liability claims loss reserve--
Creation. There is hereby created a self insurance liability
claims loss reserve . Such reserve shall be in such amount
which is the greater of Five Hundred Thousand Dollars ($500 ,000)
or an amount equal to the combined incurred and reserved lia-
bility losses of the city during the maintenance of the city's
excess liability insurance policy in force after December 15,
1977.
3. 14. 020 Reserve--Duration. The reserve created in this
chapter shall be maintained in effect for the period of the
city' s excess liability insurance and for a period of three
(3) years thereafter.
SECTION 2. This ordinance shall take effect thirty days
after its adoption. The City Clerk shall certify to the passage
of this ordinance and cause same to be published within fifteen
days after adoption in the Huntington Beach News , a weekly news-
paper of general circulation, printed and published in Huntington
Beach, California.
PASSED AND ADOPTED by the City Council of the City of
Huntington Beach at a regular 1 there n the 16th
s
day of January, 1978 .
ATTEST:
Mayor
City Clerk
WSA: cs
1.
r
REVIEWED AND APPROVED: APPROVED AS TO FORM:
Ci Administrator City Attor ey .
INITIATED AND APPROVED
AS TO CONTENT:
City Treasurer
2.
Ord. No. 2260
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I ALICIA M. WENTWORTH, the duly yelected
qualified City
Clerk of the City g
of Huntington Beach and ex-officio Clerk of the
City Council of the said City, do hereby certify that the whole number
of members of the CityCouncil
nci of the City of Huntington Beach is seven;
that the foregoing ordinance was read to said City Council at a regular
meeting thereof held on the 3rd day of January
1978 , and was again read to said City Council at a regular
meeting thereof held on the 16th day of January 19 78 and
was passed and adopted by the affirmative vote of more than a majority of
all the members of said City Council.
AYES: Councilmen:
Bartlett, Wieder, Coen, Gibbs, Siebert, Shenkman, Pattinson
NOES: Councilmen:
None
ABSENT: Councilmen:
None
City Clerk and ex-o£ficio Clerk
of the City Council of the City
of Huntington Beach, California
1, Alicia M. Wentworm Gi-i r GLckr: a u;; of
Huntin ion Eeach and vificic: Clerk of the City
Counc i. d 1 he,-2bj c .i v 'h,t 'h s uira ce has
beeic)rdance
, uulsshed in the Hunting`on Seach iticws on
- - ----------t?
In w" the City arter of said City.
City erk
Deputy City Clerk