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HomeMy WebLinkAboutRES 1986-046 CITY OF GR,APEVIIeTE RESOLUTION NO. 86-46 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAPEVINE APPROVING A CHANGE IN THE CITY'S WORKMEN'S COMPENSATION CARRIER FItOM THE TEXAS ASSIGNED RISK POOL TO EMPLOYER'S IN�URANCE OF TEXAS; DETERMINING THAT Tg-IE CHANGE IS NECESSARY TO PRESERVE AND PRO- TECT THE PUBLIC HEALTH AND SAFETY OF THE CITIZENS OF THE CITY AND THE PROPERTY OF �'HE CITY; DIRECTING AND AUTi-IORIZING THE CITY MANAGER TO PER�'ORM ALL DUTIES �"" AND TAKE ALL ACTS NECESSARY TO MAKE THE CHANGE. ti11HEREAS, competitive bids were taken by the City of Grapevine, the �:, .. "City", for the provision of workmen's compensation insurance; and WHEREAS, subsequent to the City entering into a contract for workmen's compensation insurance with Texas Assigned Risk Pool, the City was contacted by Employer's Insurance of Texas; and WHEREAS, Employer's Insurance of Texas has submitted a bid which is substantially and significantly better than the bid of Texas Assigned Risk Pool; and WHEREAS, considering the high de�ree of volatility of the market and the downturn in the economy, the City Council finds and determines that a change in the City's workmen's compensation carrier from the Texas Assigned Risk Pool to Employer's Insurance of Texas is necessary to preserve and protect the public health and safety of the citizens of the City and the property of City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF GRAPEVINE: Section 1. That all matters stated in the preamble are found to be true and correct and are incorporated herein as if copied in their entirety. „�,:, Section 2. The City Council hereby approves a change in the City's workmen's compensation insurance carrier from Texas Assigned Risk Pool to Employer's Insurance of Texas. Section 3. The City Manager is directed and authorized to perform all duties, including the making of all payments for premiums, and take all steps neces�ary to make the change in the City's workmen's compensation insurance carrier from Texas Assigned Risk Pool to Employer's Insurance of Texas. Section 4. That this Resolution shall take effect immediately from and after its passage. PAS�ED AND APPR,OVED this the 18th day of November, 1986. �L�%'�J7 Mayor, City of Grapevine, "��xas ATTEST: � . Cit Secretary �:.,�. [SEAL] APPROVED AS TO FORM: �� City Attorney