HomeMy WebLinkAboutR82-065 Fund for Self InsuranceRESOLUTION
OF THE
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION No. 82- w 'E>
ESTABLISHMENT OF A COUNTY OF EAGLE, STATE OF COLORADO,
INSURANCE RESERVE FUND FOR SELF - INSURANCE PURPOSES - TRANSFER
OF MONEY BETWEEN VARIOUS BUDGETS AND FUNDS OF THE COUNTY OF
EAGLE, STATE OF COLORADO
WHEREAS, effective July 1, 1982, the Board of County
Commissioners of the County of Eagle, State of Colorado,
hereinafter referred to as the "Board ", established a type of
self - insurance program for the County of Eagle, State of
Colorado, pursuant to a contractural arrangement with Arthur
J. Gallagher & Company, Denver, Colorado, in accordance with
Section 24 -10 -115, C.R.S. 1973, as amended; and
WHEREAS, pursuant to Section 24 -10 -115, C.R.S. 1973, as
amended, the Board desires to establish and maintain an
Insurance Reserve Fund for the purpose of administering and
operating the aforesaid self- insurance program; and
WHEREAS, it is currently estimated that an amount of
$ 75,000.00 will be necessary to establish and maintain such
an Insurance Reserve Fund for the remainder of the 1982
fiscal year; and
WHEREAS, there are presently sufficient monies in the
1% County Sales Tax Revenue Budget within the County General
Fund to provide the necessary funding for an Insurance
Reserve Fund; and
WHEREAS, pursuant to Section 29- 1- 111.5, C.R.S. 1973,
as amended, this Resolution as proposed has been published in
full one time in a newspaper having general circulation
within the territorial limits of the County of Eagle, State
of Colorado.
NOW, THEREFORE, be it resolved by the Board of County
Commissioners, County of Eagle, State of Colorado:
THAT, the Board hereby and herewith establishes a
special fund for self- insurance purposes entitled the "County
of Eagle, State of Colorado, Insurance Reserve Fund, Fund No.
11," which Fund shall be kept separate and apart from all
other funds of the County, and which Fund shall be used
solely for the payment of administrative and legal expenses
necessary for the operation of the Fund, and for the payment
of claims against the County which have been settled or
compromised or judgments rendered against the County, or to
secure and pay for premiums on insurance.
THAT, the Board hereby and herewith authorizes the
transfer from the 1% County Sales Tax Revenue Budget within
the County General Fund the total amount of $ 75,000.00 to
the Insurance Reserve Fund for the purposes set forth in the
paragraph next above.
THAT, the Board hereby and herewith requests and
directs the Eagle County Treasurer and the Eagle County
Accounting Department to take any and all steps necessary to
effectuate the intent and provisions of this Resolution.
THAT, the Administrator is hereby requested and
directed to transmit a certified copy of this Resolution to
all affected County Departments and offices and to the
officer of the County whose duty it is to draw warrants or
orders for the payment of money.
THAT, the Administrator is hereby requested and
directed to file a certified copy of this Resolution with the
Division of Local Government in the Department of Local
Affairs.
THAT, the Board hereby finds, determines and declares
that this Resolution is necessary for the public health,
safety and welfare of the County of Eagle, State of Colorado.
MOVED, READ, AND UNANIMOUSLY ADOPTED at a regular
meeting of the Board of County Commissioners, County of
Eagle, State of Colorado, held this �g ' day of August, 1982.
ATTEST:
COUNTY OF EAGLE, STATE OF COLORADO
By and Through its
BOARD OF COUNTY COMMISSIONERS
By'% By
C rk to the " r o =7-
unty Commissioners
3
l
Dale F. Grant, C airma.
P
Dan Wi iam ommissioner
Keith Troxel, Commissioner