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HomeMy WebLinkAboutORD 2977I ,; ., '\ , ,, '' • oklliNANCE NO. 2211!~ ;'-- ,ORDINANCE\OF THE COUNCIL OF THE CITY. OF. PALO ·ALTO AMENDING .. S.€CTtON 2 •:28. 17 0 . .OF THE PALO ALTO NUNICIPAI.. .. 'CODE ~LA1'ING TO INSURANCE' ,, \\ . . 1 .. )j;t'h~; )Cotincil of th~ Cit,y' of Palo ~fto does ORDAlN as ., folwws: ... · .... ·.. . , ... ·. · '· .. ·SECTION i, s'ection 2. 28 .. 170 of the Palo. A'ito Hunicipal · ·:. Code ls aiilemoed to: read: · }w :;;,,.j_~~·-· '.: .... ·'· . u~, :i8i·.l_~O,. -<tns.ur~tict?,•-The. controller she1ll ·· obr,·ait{ an:a· mainti!n .in ,for'te such policies a.p.d. contracts,· of iii.surance or · fide.J.i ty bonds as are necessary to ·protect the· city from severe financial ob,.prOperty less subject :to the following policy: . •,·•·•1 ,•, ,. ' ,, • . '•, ,'' ., (e.).· The cfty may assUmE: the. risk of :.oss t~?hen: I -'• ! ~~"I .~ .. In the, judgment of the controller insurance . oo~erage is not obtainable at a reasonahJ~ Pt".emiu.~.11. 2 ... lt1 the .j udgn1~ryt of: the controller the (;!S.tim.s+ted .8l!l.OU!:it .Of a potcmthl.l. single pt•.)perty · loss from a -oa.rticul~x ri!Sk is less than one hundred thcf\.lsand dollars, · . ' '' " ., :, I · 3. ··~Eidu(:;tibt'~. or excess cove1;age is obtainable · provid~d that" the total dollnr' :1mr>1_mt of loss retention . annl,lally or per occurrelJ.ce for all poli<:i~s. in force s.hall not excee;U :Jl.Vt; •· million. dollars. ',':• ' •''··· ,, ', . '' ,'' .::1 .:·J·.:·,· ': ,'' "·· (b) .·1;qe. ''Q~t.y.<:;:Wa.y obtain full-or pat:tial inq/uranc~ . ~.OV;:~~~ge: .fo_t:';. its .expop1jr~, to all: liability claims . · ·•othE!~ tb;;;t;O .. tbos$ ar:tsing frum workers' compensation 1 · "_prov:td.ed, .P.oweve~., .s~ch l~~biJ·!ty coyera~e includes ' the cost of, claims 'in.ves ~;~.ga.tion. and li tl.~at:!.on "'\qben yuch costs are no~ .. anticipated. in the City , ... ~~8~ •. ; ,· . ' . :'(c) _ ~~.~~·;·.~c'~~~:·g~. is--o~tai.rtt;d ·.1;hrough, a 'llcf@nsed ::, .. ··. agent: ... b,;: ~-l;irake:r or, uep:~~atigp. ~hereof' suctr -\.' . ::·~iL~·;,~,,:·nro¢\lt':~ent R.nd· otnt!t. ser;;;ci~-'i!hcitll be. governed· · ·· ·-~--::;,·:-.·.·;.~::;-py:·a. ·wJ;.:t,t·ten agi:'eerilelit with ·the :~;J.ty; ,I_, . ' . ' ' .· • . ' '. ',.• '·' -~-. c ', • l; " " , ' I " , '" " :·; /:' • ... :I ·,; o, .•, J ' '· , .~·,1 ·) " ' ;:;',, , < ,' " ; • , '., • ,' ,' 1 " \I. , . ''(d) .. ' Placemerit.:'.~(lf in'·~ura:nc.~ coverage shall. be . .. l:;l.mi.ted to .'~o¢p~·ies · wi1ic:h-ma:Lnt:a;tn poll..cyholder . :x:~~s'~~yes · :ip.. e*tiJ~-~~· p~ twel~, ~~J,l:i&t dolla.rs an~ . ·.,are. rat~.d.·~+· or bet·t•r in ~'Bests!' p~ished l!at~ngs •• ~.t:: •• .:-·-~ce" "C·c.nnp·atd.es: " '· ·, ~ · · · .--, --vi1'. ·.1'..-.n:;; :. · .. · '., ~ " , '. . 'i ,, '"·::'. d: SEC~lO~ i . .' :The :Souucll ·of t~e City of. Palo ,~lto he~eby ·· ., .... ·· fit4,d~L tfi3-t; ttne en.act.rriet[t' of .. , this :.ordinance l.S ~Q.t a ·~proJ~ct" •" ·-<11with~!l'':~t;J;1.e .. m~ani~lg o;,·t~at. te~ ·a~ "d~-fin.eq in Section 11.04.130 ·. ··· · · of' ··the ''P,alo Alto .. Hup~.cfpa<i .. Co9e. ,. etn:d, therefore,. no environmental aaaesamen,t: 'ls necews~ry. . . ' •' '··· .,))''' -·. '' ,· '" .·, "I'• ,. •' ,, . ;" ,,. _.:, •.... • -J ' • ~-~. ' ·-•J. .. !, :·:1'"' ', .;.:.:, . -~-..:. ., :•,,.· :-,---.: ·.l .b' ' .. _ '-···'·'· --· --··: ~·. ")( -------. --. - .( .. :• I!;, . ) I. \,\ ' .... • / !'' -~ •· • ·I ;, < ; ·:': SECJ .. X.O.N ·;~ ~. , Thls · otdinance shall. becQtne elfec.t i ve. upon ·the ~~encem~_nt :c?f: _t'tle . ~hirt:y•first day_ fj,fter the day of :lt.s-p.a•~as.e, , .•.. -.. ., .:u-ITRODUCED:. ~.arch 28~ 1977 PASSED: A})_r_:t~ .f.B, ,1977 , ·'·'' ' ' '"• ,\¥ ~-.. ' t" •• _, ···--;1:' •'.. d .<.) -· .. ,. ,·c \i ), JO ', il -~< '. -/ ' -·--.. · i•' " •' />·;· ,. I ,,, ·.~. ·~\' . ",, •, '·': ,; \I ,, 1'•1 .,,. . ·' ···'. '. \[