Laserfiche WebLink
BILL NO. 125-79 <br />ORDINANCE NO.. L L.5'?� <br />AN. ORDINANCE 0Y THE C01MON COUNCIL OF THE CITY <br />QF SOUTN BEND, INDIANA, ESTABLISHING A NON - <br />REVERTING "INSURANCE PREMIUM AND LIABILITY <br />SERVE FUND". ' <br />STATEMENT OF PURPOSE AND INTENT; <br />The City Administration bps det'exmi.aied that it would be <br />in the City's best interest to. retain a larger share of its <br />potential liabilities in view of durrent upwards trends in the <br />municipal insurance market, The Ordinance is proposed as a method <br />for retaining such risks, paying p�ceviums'and providing the mechanism <br />to service such retained risks -and potential liabilities. <br />WEREAS, the Cou non Council,, of the City of South Bend 'has <br />determinad that it i.s in the best intarestd of the City that the, <br />City 'become self�insuxed in certain areas of public liability <br />imposed cipoxx it by law ariszrkg from the ownership of property and <br />acts of'iGs employees.in the course of providing services, -and <br />WHEREAS; the Common Council has determined that the City has <br />the'£inancial ability to accomplish its own funding to cover said <br />areas og retained liability and that it would be to the .fiscal <br />advantage of the -City to do so. <br />NOW THUREVORE, BE IT ORDAINED BX tN1 COMMON COUNCIL <br />OP THE CITY• bF SOUTH BEND, <br />SECT16Nr 1. - Rese•rvd Fund Created <br />A•general`uon=revextlr}g fund is hereby created to be. known <br />as the "Liab.ility Insurance Pxemii3m and Resexve ISand", Said fund <br />is created for the purpose of setting aside monies,' assessed on' <br />all dperataons and departmonts of the City, for the payment of any <br />premium for outside covarage,'. claims arising from.retained risk and <br />all inoidejital costs associated with any claims ai fLSi.ng from .said <br />refalned risk including, bait not lainit-ed to; .i:nvgnti.gative and Jcgal <br />fees, Said reserve fund also shall bs used for the purpose of £ending <br />tlx.e a dp n s"trative positions or contractual serviccs of a -risk manager, <br />legal'counsel,'clairors adjuster, and necessary support personnel. <br />Said fund -may be used for a source of temporary loans <br />to ogler City funds but skull in no way be assessed for 'permanent <br />mans, <br />said .fund shall be invested by the Gontr-oll.erc's Office <br />with all earned interest belonging to said fund in it's entirety, <br />SECT_lb? I '(A). Payment of Certain Departmental Safety <br />Coordinators <br />'the administration and common council to dramatize.thei,ic <br />comiaitment to employee and job safety, and also to xecdgnize <br />that certain employee safety coordinators will be performing this <br />duty, outside o£ the normal work duties 'do hereby authorize the payment <br />of a stipend in addition tic tbei,c normal wages in the amount of $100,00 <br />annually.. The following safety coordinator positions shall be' in <br />this cat=ngo>;y.. . <br />Traffic and Lighting <br />Municipal Garage' <br />River Bend Plaza Maintenance <br />Bureau of Sewers <br />Bureau of Streets <br />Waste. Water Treatment Plant; <br />4ater Cdorks (North Pumping Station) <br />Eater Works (Olive Street -Station) <br />Parking Garage's <br />