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1991-37 Participation in Broward Risk Management AssociationRESOLUTION NO. 91 - 37 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF PARKLAND, FLORIDA, AUTHORIZING PARTICIPATION IN THE BROWARD RISK MANAGEMENT ASSOCIATION (BRMA); AUTHORIZING THE CITY MANAGER OF THE CITY OF PARKLAND, FLORIDA, ON BEHALF OF THE CITY, TO EXECUTE AND TO OTHERWISE ENTER INTO THE ATTACHED INTERGOVERNMENTAL COOPERATIVE AGREEMENT CONSISTING OF A CONTRACT AND BY-LAWS FOR THE BROWARD RISK MANAGEMENT ASSOCIATION; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO CARRY OUT THE AIMS OF THIS RESOLUTION, AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, Pursuant to Florida Statutes, the City of Parkland is authorized to join with other public agencies of Broward County for the purpose of forming a risk management and self- insurance association in order to stabilize insurance costs; and WHEREAS1. The provision of a fund ofpublic monies contributed by several public agencies to Jointly self insure and self fund property coverages, general liability, automobile liability, professional liability, public officials liability, and workers compensation constitute a legitimate municipal purpose in the furtherance of public health, safety and general welfare; and WHEREAS, The City of Parkland seeks to join the Broward Risk Management Association (BRMA) under the terms of the Intergovernmental Cooperative Agreement establishing the contract and by-laws for such association. NOW, THEREFORE, BY IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF PARKLAND, FLORIDA: RES 91 - 37 Section 1. That the City of Parkland, Florida is hereby authorized to participate in the Broward Risk Management Association (SPMA). Section 2. That the City Manager of the City of Parkland, Florida be and the same is hereby authorized, on behalf of the City of Parkland, to execute and otherwise enter into the Intergovernmental Cooperative Agreement consisting of a Contract and By -Laws for the Broward Risk Management Association attached hereto and incorporated herein by reference. Section 4, That the City Manager of the City of Parkland, Florida, be and the same is hereby authorized and directed to do all things necessary and expedient in order to effectuate the execution of and the performance of the Intergovernmental Cooperative Agreement for the Broward Risk Management Association. Section -4» That this Resolution shall be in full force and effect immediately upon its passage and adoption. PASSED AND ADOPTED THIS 19 DAY OF September ATTEST: SUSAN ARMSTRONG, C. M.'i . , CITY CLERK , 1991 PAGLI MAYOR ANDREW MAURODIS, ESQ. 3054804490 P.02 THE INTERGOVERNMENTAL COOPERATIVE AGREEMENT (A CONTRACT AND BY-LAWS FOR THE BROWARD RISK MANAGEMENT ASSOCIATION) (BRMA) ANDREW MAURODIS. ESQ. 3054804490 P.03 THE INTERGOVERNMENTAL COOPERATIVE AGREEMENT (A CONTRACT AND BY-LAWS FOR THE BROWARD RISK MANAGEMENT ASSOCIATION) (BRMA) INDEX PAGE Article I Name and Duration 9 Article II Definitions and Purpose 1 Article 111 Power and Duties 4 Article IV Participation and Term S Article V Commencement of the Pool S Article VI Board of Directors of the Pool 5 Article VII Board of Directors Meetings 8 Article VIII Pool Officers 8 Article IX Finances and Risk Management Pool 9 Article X Excess Insurance 11 Article Xl Obligation of Members 12 Article XII Liability of Board of Directors or Officers 13 Article XIII Additional Insurance 93 Article XIV Optional Defense by Member 14 Article XV Contractual Obligation 14 Article XVI Expulsion or Termination of Members 15 Article XVII . Termination of the Pool 16 ANDREW MAURODIS, ESQ. 3054804490 P.04 ARTICLES OF ASSOCIATION AND BY-LAWS FOR THE BROWARD RISK MANAGEMENT ASSOCIATION) (BRMA) BE IT KNOWN THAT: The below named Public agency or agencies of the State of•florida for the purpose of forming a risk management and self insurance association pursuant to the terms of Florida Statutes Sections 768.28 (13) (amended to 768.28 (14)), 440.57, and 163.01, Florida Interlocal Cooperation Act of 1969, do bind themselves contractually to and adopt these Articles of Association and By -Laws. ARTICLE I - NAME AND DURATION The name of this association shall be the Broward Risk Management Association, referred to hereinafter as the Pool. ARTICLE II - DEFINITIONS AND PURPOSE DEFINITIONS: As used in this agreement, the following terms shall have the meaning hereafter set out: °Members" - The public agencies of the State of Florida which initially or later enter into the intergovernmental association established by this Intergovernmental Agreement. 'Pool" - The Broward Risk Management Association established pursuant to the Constitution and the statutes of the State by this Intergovernmental Agreement. 'Risk Management Pool" - A fund of public moneys established by the Pool to jointly self - insure and self -fund Property Coverages, General Liability, Automobile Liability, Professional Liability, Public Officials Liability and Workers' Compensation, and other coverage lines approved by the Board of Directors. "Risk Management° - A program attempting to reduce or limit casualty and property losses to Members and injuries to employees caused by or arising out of the operations of Members. Where claims arise the Pool will provide processing of claims, investigation, defense and settlement within the financial limits of the Pool as established in accordance with this Intergovernmental Agreement and will tabulate such claims, costs and losses. ANDREW MAURODIS, ESQ. 3054804450 P.05 ARTICLES OF ASSOCIATION AND BY-LAWS FOR THE BROWARD RISK MANAGEMENT ASSOCIATION) (BRMA) (Continued) °Self -Insurance" - The decision by a public agency not to purchase insurance coverage for Asks below certain limits; to seek and maintain immunities provided by law for a non- insured public agency; to rely upon its financial capabilities to pay covered losses which occur in case third party claims are held valid and not barred or capped by available immunities and to purchase some insuranceto protect against catastrophic or aggregate losses. The purchase of liability insurance by the Pool or any of its Members is not intended to, and does not, waive Sovereign Immunity. Purchase of liability insurance shall only be pursuant to Florida Session Laws 87-934, as such Session Law is codified in the Florida Statutes and is not pursuant to any other statute of the State of Florida. - f "Joint Self-insurance° or "Self -Funded" - A self-insurance or self-funded program in which Members agree to an assessment annually, and where required, supplementary assessments to support the Risk Management Pool. 'Total Annual Payroll" - Total of wages and/or salaries excluding premium, overtime and other employee benefits incurred by the employer during the calendar year. "Annual Payments" - The amount each Member must annually pay to fund the anticipated costs of the full operation of the Pool. "Supplementary Payments" - Members shall also be obligated as required, to make supplementary payments if the amount of the annual payments shall be insufficient to fund the operations of the Pool. 'Excess Insurance' - Insurance purchased by the Pool from insurance companies with a "BEST" rating of B + 5 or better and/or Lloyds of London to cover losses over a pre-set aggregate amount up to a pre-set maximum amount of coverage. Purchase of such insurance is not intended to, nor does it waive Sovereign Immunity. 'Stop Loss Excess Insurance" - Insurance purchased by the Pool from insurance companies with a "BEST" rating of B + 5 or better and/or Lloyds of London to write coverage up to a ANDREW MAURODIS, ESQ. 3054804490 P.01 ARTICLES OF ASSOCIATION AND BY-LAWS FOR THE BROWARD RISK MANAGEMENT ASSOCIATION) (BRMA) (Continued) Risk Management Pool. Purchase of such insurance is not intended to, nor does it, waive Sovereign Immunity. PURPOSE: The Pool is a cooperative agency voluntarily established by Members as set forth in Florida Statutes Sections 163.01, 768.28 and 440.57 for the purpose of seeking the prevention or lessening of casualty and property losses to Members and injuries to persons or employees which might result in claims being made against Members. The purpose of this Pool is to carry out and effect the agreed upon functions and purposes of this Intergovernmental Agreement as stated herein. It is the intent of the Members of this Pool to create an entity which will administer a Risk Management Pool and utilize such funds to defend and protect, in accordance with this Intergovernmental Agreement, any Member of the Pool against liability for a covered Toss. This agreement shall constitute the substance of a contract among the Members. All funds contained within the Risk Management Pool are funds directly derived from its Members who are public agencies of the State of Florida. It is the intent of the Members in entering into this Intergovernmental Agreement that, to the fullest extend possible, the scope of Risk Management undertaken by them through a Joint Self -Insurance or Self - Funded program using governmental funds shall not waive, on behalf of any Member or such Member's employees as defined in Florida Statutes Section 768.28, any defenses or immunities therein provided, or provided by the laws of the State of Florida. The Pool and the Members of this pool intend to effect no waiver of Sovereign Immunities through their use of public funds retained within the Risk Management Pool. Such funds being utilized to protect against risks in accordance with Florida Statutes Section 768.28, are not intended to constitute the existence, issuance or purchase of a policy for insurance. This Intergovernmental Agreement is not to be considered such as would create this Pool to be treated as an 'insurer within the meaning of any legislation giving risk to liability or applicability to 'insurer~, for damages, costs, fees or expenses, etc., under Florida Statutes Sections 624.155, 626.9541, 626.9561, 627.426, 627.428, or other statutes applicable to insurers in the Stat of Florida. ANDREW MAURODIS, ESQ.4 3054804496 P.02 ARTICLES 11I - POWER AND DUTIES The powers of the Pool to perform and accomplish the functions and purposes set forth herein, within the budgetary limits and procedures set forth in this Intergovernmental Agreement shall be as follows: a. To establish By -Laws and Amendments to By -Laws, and operational procedures 'governing the operations of the Pool which are consistent with this intergovernmental Agreement as set forth in Florida Statutes Sections 768.28, 163.01 and 440.57 and Florida Sessions Laws 87-134,Sections 1, 3, 4 and 5 and to not waive any Sovereign Immunity not waived statutorily under Florida Law, and to expressly negate any past, present, or future waiver of Sovereign Immunity under Florida Statute Section 286.28 or its predecessors, and to continue to negate any waiver of Sovereign Immunity for discretionary and planning functions of government. b. To employ agents, employees and independent contractors and approve the rate of compensation, benefits and/or contracts that apply to Pool employees, Pool officers and service providers, and to ensure all benefits of FS 163.01 (9a) and all other applicable Florida Statutes; c. To lease real property and to purchase or lease equipment, machinery or personal property necessary for the carrying out of the purpose of the Pool; d. To carry out educational and other programs relating to risk reductions; e. To cause the creation of this Pool and see to the collection of funds for the continued administration of the Risk Management Pool; f. To purchase Excess Insurance and Stop Loss Excess Insurance to supplement the Risk Management Pool without such being a waiver of Sovereign Immunity under Florida Law; 9 - To establish reasonable and necessary loss reduction and prevention procedures which shall be followed by the Members; h. To provide Risk Management services including the defense of and settlement of claims and to have the authority granted by Florida Session Laws 87-134 Sections 1, 3, 4 and 5 as such may be codified in the Florida Statutes; i. To negate pursuant to Florida Session Law 87-134, as such may be modified in the Florida Statutes, any implications of a waiver of Sovereign Immunity other than that required by said Session Law, and to negate any waiver of Sovereign Immunity other than that of operation negligence under said Session Law; To act solely within the budgetary limits established by the Members to carry out such other activitls as are necessarily implied or required to carry out the purposes of the Pool; k. To sue or be sued as a separate legal entity. ANDREW r4AuRODIS, ESQ. 3054804490 P.03 ARTICLE 1V - PARTICIPATION AND TERM The initial term of the Pool shall be from the 31st day of. December, 1990 to the 31st day of December,' .19-92. o After the initial two (2) year term of the Pool, the Members may, through the manner provided in Article VI (h) (4), extend the term of the Pool for individual extended terms each of•which may not be for more than two (2) years. So long as the Pool shall continue in existence, any current or new Member joining the Pool shall remain a Member fora two (2) year term. Thus, a new Member joining the Pool for the final year of a two (2) year term shall be obligated to continue as a Member of the Pool for at least the first year of the new two (2) year term if such an extended term is authorized. After the initial two (2) year term of the Pool, any Member of the Pool may withdraw from the Pool at the end of the fiscal year upon the giving of at least one (1) year's prior written notice. Such notice shall be addressed to the Executive Director of the Pool and shall be accompanied by a resolution of the governing body of the Member electing to withdraw from the Pool. Such notice may also be given at least one (1) year prior to the end of the first two (2) year cycle to effectuate withdrawal at the end of that cycle. The Pool shall establish and periodically review standards for the admission of new Members. ARTICLE V - COMMENCEMENT OF THE POOL The Pool shall commence its operations on 31st day December, 1990.. ARTICLE VI - BOARD OF DIRECTORS OF THE P001. a. There is hereby established a Board of Directors (sometimes hereinafter referred to as the "Board ) of the Pool. Each Member shall appoint one (1) person to represent that body (the "Representative) on the Board of Directors for a term of one (1) year along with another person to serve as an alternate representative (the "Alternate') when the Representative is unable to carry out that Representative's duties. The Representative and Alternate shall be appointed in writing by the governing body of the Member and copy of written appointment shall be provided to the Pool. Once such appointments are made known to the Pool, the persons appointed shall remain in office until the Pool receives evidence in writing of the appointment of other persons by the Member's governing body. The Representative and Alternate selected must be either an employee or elected official of the entity. ANDREW MALIRODIS, ESQ. 3054804450 P.04 ARTICLE V1 - BOARD OF DIRECTORS OF THE POOL (Continued The Board of Directors shall bi-annually select a Chairman and Vice Chairman during the final quarter of each two (2) year term to serve during the subsequent two (2) year term. No person may serve as Chairman of the Board of Directors for more than two (2) consecutive full two (2) year terms. The Chairman shall vote on all matters that come before the Board. The Chairman shall have such other powers as he may be given from time to time by action of the Board. The Vice -Chairman shall carry out alt duties of the Chairman of the Board during the absence or inability of the Chairman to perform such duties and shall carry out such other functions as reassigned from time to time by the Chairman or the Board of Directors. The Board of Directors may from time to time appoint other officers to the Board. b. The Board of Directors shall have the responsibility for: 1. - Hiring of Pool officers, agents, non -clerical employees and independent contractors; 2. Setting of compensation for all persons, firms and corporations employed by the Pool; 3. Approval of amendments to the Intergovernmental Agreement; 4. Approval of the acceptance of new Members and expulsion of Members, except that the approval may be delegated to the Executive Committee under such procedures as are contained in the motion making delegation; 5. Approval and amendment of the annual budget of the Pool; 6. Approval of the operational procedures developed by the Executive Director; 7. Approval of educational and other programs relating to risk reduction; B. Approval of reasonable and necessary loss reduction and prevention procedures which shall be followed by all Members; 9. Approval of annual supplementary payments to the Risk Management Pool for each Member; and 10. Approval of additional terms for the existence of the Pool. c. Each Member shall be entitled to one (1) vote on the Board of Directors. Such vote may be cast only by the Representative of the Member or in the Representative's absence by the Alternate. No proxy votes or absentee votes shall be permitted. Votinglshall be conducted by sealed ballot, show of hands or any method established by the Board. A simple majority vote of those Representatives present shall be required to pass on any motion. d. The Representative selected by the Member shall serve until a successor has been selected. The Representative c osen by the Member may be removed at any time by the vote of the Member's governing body. In the event that a vacancy occurs in the position of Representative or Alternate selected by the governing body of a Member, that body shall appoint a successor in writing within sixty (60) days of such vacancy occurring. The failure of a Member to select a Representative or the failure of that person to participate shall not affect the responsibilities or duties of a Member under this Intergovernmental Agreement. ANDREW MAURODIS, ESQ. 3054804490 P.05 ARTICLE VI - BOARD OF DIRECTORS OF THE POOL (Continued} e. The Board of Directors shall have the power to establish both standing and Ad Hoc committees to further the functions and purpose of this Pool. Unless the Board of Directors shall establish some other procedure, the authority for selection of Representatives or Alternates serving on the Board of Directors who shall serve on such committees and chair them shall reside with the Chairman of the Board of Directors. The Chairman of the Board of Directors may appoint non-voting and non - paid persons who are not members of the Board of Directors to serve on committees of the Pool. The Board of Directors shall dictate to the Executive Director the guidelines for authorizing the settlement of claims. The Board of Directors may authorize the establishment of an Executive Committee. That Executive Committee shalt consist of the Chairman of the. Board and two (2) Representatives appointed by the Board. The Board of Directors may grant to the Executive Committee the authority to approve expenditures, authorize a settlement of claims and suits and take such other action as shall be specifically delegated to it. f. The Board of Directors may establish rules governing its own conduct and procedure not inconsistent with this Intergovernmental Agreement. g. A quorum shall consist of a majority of the Representatives (or in their absence their Alternates) serving on the Board of Directors. Except as provided in Subsection (h), herein, or elsewhere in this Intergovernmental Agreement, a simple majority of a quorum shall be sufficient to pass upon all matters. h. A greater vote than a majority of a quorum shall be required to approve the following matters: 1. Such matters as the Board of Directors shall establish within its rules as requiring for passage a vote greater than a majority of a quorum, provided, however, that such a rule can only be established by greater than a majority vote at least equal to the greater than majority vote required by the proposed rule. 2. The expulsion of a Member shall require the two-thirds (2/3) vote of all the Representatives serving on the Board of Directors. 3. Any amendment of this Intergovernmental Agreement except as provided in Subsection 4 below, shall require the two-thirds (2/3) vote of all the Representatives serving on the Board of Directors. 4. The amendment of this Intergovernmental Agreement to cause the termination of this Agreement sooner that two (2) years after its commencement, a reduction or elimination in the scope of Toss protection set out in Article X to be furnished by the self-insurance pool derived from payments from the Members, or the continuation in existence of the Pool after this first two (2) year term for single individually approved fixed periods each not in excess of two (2) years, shall require that specific written notice of the proposed change be sent by registered or certified mail to the governing body of the Member and to the Representative and Alternate of the Member serving on the Board of Directors, no less than ten (10) days prior to a meeting at which this matter is proposed, and the amendment as proposed or as amended at such Board meeting must receive the approval of two-thirds (2/3) vote of all of the then current Representatives (or In their absence their Alternates) representing the then Members of the Pool. ANDREW MAURODIS, ESQ. 3054804490 ARTICLE VI - BOARD OF DIRECTORS OF THE POOL (Continued) No Representative or Alternate serving on the Board of Directors shall receive any salary from the Pool. ARTICLE VII - BOARD OF DIRECTORS MEETINGS a. Regular meetings of the Board of Directors shall be held at least four (4) times a year. The dates of regular meetings of the Board shall be established at the beginning of each fiscal year. Any item of business may be considered at a regular meeting. At least one (1) meeting shall be held during each quarter of the fiscal year. Special meetings of the Board of Directors may be called by its Chairman, or by any three (3) Representatives (or in their absence their Alternates). The Chairman or in his absence, the Vice Chairman, shall give ten (10) days written notice of regular or special meetings to theRepresentative and Alternate of each Member and an agenda specifying the subject of any'speciat meeting shall accompany such notice. Business conducted at special meetings shall be limited to those items specified in the agenda. The Executive Director shall attend all Board meetings and Executive Committee meetings to service as an advisor and to report as the administrative officer of the Pool. b. The time, date and location of regular and special meetings of the Board of Directors shall be determined by the Chairman of the Board of Directors, or in his absence, by the Vice Chairman. c. To the extent not contrary to this Intergovernmental Agreement, and except as modified by the Board of Directors, Roberts Rules of Order, latest edition, shall govern all meetings of the Board of Directors. Minutes of alt regular and special meetings of the Board of Directors shall be sent to all Representatives (or in their absence their Alternates) serving on the Board of Directors. ARTICLE VIII - POOL OFFICERS a. Officers of the Pool shall consist of an Executive Director, a Treasurer, and such other officers as are established from time to time by the Board of Directors. All Pool officers shall be appointed by the Board of Directors. b. The Executive Director shall be the chief administrative officer of the Pool and shall in general, supervise and control the day to day operations of the Pool and shall carry out the policy and operational procedures of the Pool as established in this Intergovernmental Agreement and by the Board of Directors. Among his duties shall be the following: 1. He may sign, with such other person authorized by the Board of Directors, any instruments which the Board of Directors have authorized to be executed and, in general, shall perform all duties incident to the office of Executive Director and such other duties as may be prescribed by the Board of Directors. 2. The Executive Director shall prepare a proposed annual budget and proposed annual Risk Management Pool payment and, where required, supplementary payments to the Risk Management Pool and shall submit such proposals to the Board of Directors. P. 01 ANDREW MAURODIS, ESQ. 3054804450 P.02 ARTICLE VIII - POOL OFFICERS (Continued) 3: The Executive Director shall, where necessary, make recommendations regarding policy decisions, the creation of other Pool officers and the employment of agents and independent contractors. At each regular meeting of the Board of Directors and at such other times as he shall be required to do so, he shall present a full report of his activities and the fiscal condition of the Pool. 4. The Executive Director shall report monthly to all Members on all claims filed and payouts made. S. The Executive Director shall, within the constraints of the approved or amended budget, employ all secretarial, clerical and other similar help and expend funds for administrative expenses. c. The Treasurer Shall: 9. Have charge and custody of and be responsible for alt funds and securities of the Pool; receive and give all receipts for moneys due and payable to the Pool from any source, whatsoever; deposit all such moneys in the name of the Pool in such banks, savings and loan associations or other depositories, that are recognized as 'Qualified Public Depositories' by the State Treasurer operating under Chapter 280 Florida Statutes, as shall be selected by the Board of Directors; invest the funds of the Pool as are not immediately required in such securities as the Board of Directors shall specifically or generally select from time to time; and maintain the financial books and records of the Pool. 2. In general, perform all duties incident to the office of Treasurer and such other duties as from time to time may be assigned to him by the Executive Director or the Board of Directors. d. The Board may select a financial institution to carry out some or all of the functions which would otherwise be assigned to a Treasurer and may select a risk management company or agent to serve as claims administrator or to carry out some or all of the functions which would otherwise be assigned to an Executive Director. The Board may also employ persons or companies as independent contractors to carry out some or all of the functions of officers of the Pool. e. In the absence of the Executive Director or Treasurer, or in the event of the inability or refusal of such officers to act, the Chairman of the Board of Directors may perform the duties of the Executive Director or Treasurer, and, when so acting, shall have all of the powers of and be subject to all of the restrictions upon the Executive Director or Treasurer. ARTICLE IX - FINANCES AND RISK MANAGEMENT POOL a. The fiscal year of the Pool shall commence on October 1, and end on September 30, of each year. ANDREW MAURODIS. ESQ. 3054804490 P.03 ARTICLE IX - FINANCES AND RISK MANAGEMENT POOL (Continued b. The Board of Directors or the Executive Committee shall approve a preliminary budget for the administration of the Pool by June 1, of each year. Copies of all preliminary and final budgets shall be promptly mailed to each Member of the Board of Directors. The Board of Directors shall, by July 9 of the year prior to the start of each fiscal year adopt a final budget and determine the amount of the Annual Payment to be made by each member and the date upon which the payment is due. Failure of the Board of Directors or the Executive Committee to approve a preliminary or final budget within the times set forth within this Section shall not relieve the Members of the obligation to make Annual or Supplementary Payments to the Pool so long as such budgets are finally adopted, and the Members are given at least forty-five (45) days after the passage of the final budget in which to make Annual Payments .to the Pool. Members will be allowed sixty (60) days after notification to make Supplementary Payments. c. In determining the amount of the Annual Payment due from each Member, the Board of Directors shall consider some or all of the following factors: 1. Number of employees; 2. Property values of the Member; 3. Number and type of vehicles owned by the Member and the use made of the vehicles; 4. Population of the geographic area represented by the Member; 5. The payroll of the Member; 6. Self -funding contribution to the Pool; 7. The budget of the Member; B. The claims and loss experience of the Members The Board of Directors shall establish annually a cost of risk allocation which is utilized in making the allocation of the amount of the Annual Payment due from each member. This standard may, however, vary from year to year, but it must be applied equally to all Members similarly situated during such period of time as it is utilized. The Board of Directors may grant debits or credits to Members with above or below average Toss or claims records. The amount of such debits or credits may not vary more than twenty-five percent (25%) above or below the amount which the member would pay if it had not been granted the debit or credit. In establishing the loss and claims record of the Member, the Board of Directors may utilize the loss and claims experience of the Member during the latest three (3) years of the Pool. ANDREW MAURODIS, ESQ. 3054804490 P. 04 ARTICLE IX - FINANCES AND RISK MANAGEMENT POOL (Continued) d. Budgets may. be amended at any time by majority vote of the Board and calls for Supplementary Payments may be made by the Board of Directors, providing, however, that such additional sums may be called for in a total amount attributable to any one (1) year of no more than the amount stipulated as the members' maximum Annual premium adjustment for that year. The Board shall also make calls for Supplementary Payments from Members which have withdrawn or been expelled for years during which they were members. The forwarding of such Annual and Supplementary Payments within a time specified in notices to the members giving them not less than forty-five (45) days to make such Annual Payments and sixty (60) days to make Supplementary Payments, shall be of the essence of this contract. Supplementary Payments shall only be required by the Board of Directors in a situation in which there is a reasonable concern that the sum remaining from the Annual Payments will not be sufficient to meet the responsibilities of the Pool established in this Intergovernmental Agreement. Members shall be responsible for Supplementary Payments during the entire life of the Pool and any later period when claims or expenses need to be paid which are attributable to the year of membership when the event out of which the expense or claim occurred. Supplementary Payments may be called for in a number of individual requests provided that the total amount of the Supplementary Payments may not exceed the maximum amount permitted. e.. In subsequent years, the Board of Directors may permit the Annual or Supplementary Payments to be made on a monthly or quarterly basis. The amount of any Supplementary Payments required shall be based upon the same formula as was used in establishing the Annual Payment for that year. f. Members shall be both severally and jointly liable to the State of Florida Department of Administration, Division of Retirement for any Florida Retirement Systems contributions which are owed by the Pool for Pool employees. Each member shall be responsible for expenses incurred which are attributable to the years of membership as outlined in the Intergovernmental Agreement Article IX (d). If, for any year during which the Pool was in existence, all claims known or unknown have either been paid or provision has been made for such payment, the Board of Directors as then constituted shall distribute surplus funds to the Members who constituted the membership of the Pool in that prior year, after first deducting therefrom reasonable administrative and other non -allocated costs incurred by the Pool in the processing of the claims in years other than the one in which the claim was made. The distribution among the Members shall be in the same proportion to the total as was their Annual Payment for that year to the Annual Payments of all Members. 9. h. The Board of Directors shall provide to the Members an annual audit of the financial affairs of the Pool to be made by a certified public accountant at the end of each fiscal year. An annual report shall be delivered to the Chairman of the governing body of each Member. ARTICLE X - EXCESS INSURANCE The Pool will purchase Excess Insurance from underwriters of insurance with a °BEST" rating of B + 5 or better andfor Lloyds of London in such amounts as shall be approved by the Board of Directors. but such purchase does not. and is not intended to waive ANDREW MAURODIS, ESQ. 304864490 P.05 ARTICLE X - EXCESS INSURANCE (Continued) In addition to the stated Excess Insurance coverage, the Pool will obtain when possible, Aggregate Stop Loss Excess Insurance, such that in the event that the Pool should in any single year expend a maximum aggregate sum, set from time to time by the Board of Directors for the payment of claims, the Stop Loss Excess Insurance protection would pay additional claims above that amount to a certain maximum annual amount. The Board of Directors and underwriters shall determine the commencement level of the Aggregate Stop Loss Excess Insurance protection and its limit based upon the current assets and risk history of the Pool. In the event that a series of losses should exceed the amount of coverage provided by the Risk Management Pool, the Excess Insurance and the Stop. Loss Excess Insurance coverage for any one (1) year, then the determination of whether to pay such uncovered loss shall be the obligation of the individual Member or Members against whom the claim was made and perfected judgment or settlement under Florida Law. The Pool shall make payments from the Risk Management Pool and the Excess Insurance and Stop Loss Excess Insurance proceeds in the order in which the judgments against the Pool have been entered or settlements of claims have been reached. ARTICLE XI.OBLIGATIONS OF MEMBERS The obligations of Members of the Pool shall be as follows: a. To budget for, where necessary to levy for and to promptly pay all Annual and Supplementary or other payments to the Risk Management Pool at such times and in such amounts as shall be established by the Board of Directors within the scope of this Intergovernmental Agreement. Any delinquent payments shall be paid with a penalty which shall be set by the Board, but such rate shall not exceed the highest interest rate allowed by statute to be paid by a Florida public agency. b. To select, in writing, a Representative to serve on the Board of Directors and to select an Alternate Representative; c. To allow the Pool reasonable access to all facilities of the Member and all records including but not limited to financial records which relate to the purpose or powers of the Pool. d. To allow attorneys employed by the Pool to represent the Member in investigation, settlement discussions and all levels of litigation arising out of any claim made against the Member within the scope of loss protection furnished by the Pool. e. To furnish full cooperation with the Pool attorneys, claims adjusters, the Executive ARTICLE XI a OBLIGATIONS OF MEMBERS (Continued) f. To follow in its operations all loss reduction and prevention procedures established by the Pool within its purpose of powers. g. To report to the Executive Director within the time limit specified the following items: 1. Within ten (10) days of receipt, any and all statutory notices of claims, as well as summons and complaint or other pleading before a court or agency, involving any claim for which Pool coverage is sought. 2. Any oral or written demand for monetary relief for which coverage is sought. 3. At the earliest practicable moment any information of an occurrence, claim or incident received by the Member and from which the Member could reasonably conclude that coverage will be sought by said Member for such an occurrence, claim or incident. In the event that the items set forth above are not submitted to the Executive Director within the time periods set forth above, the Board of Directors of the Pool, by a vote of a majority of a quorum of the Board, at a regular or special meeting, may in whole or part decline to provide a defense to the Member or to extend the funds of the Pool for the payment of losses or damages incurred. In reaching its decision, the Board shall consider whether and to what extend the Pool was prejudiced in its ability to investigate and defend the claim due to the failure of the Member to promptly furnish timely notice of the occurrence, claim or incident to the Executive Director. The decision of the Board of Directors shall be final. ARTICLE XII - LIABILITY OF BOARD OF DIRECTORS OR OFFICERS OF THE POOL The Representatives (or in their absence their Alternates) serving on the Board of Directors (the 'Directors') or officers of the Pool should use ordinary care and reasonable diligence in the exercise of their power and in the performance of their duties hereunder: they shall not be liable for any mistake of judgment or other action made, taken or omitted by them in good faith; nor for any action taken or omitted by any agent, employee or independent contractor selected with reasonable care; nor for loss incurred through investment of Pool funds or failure to invest. No Director shall be liable for any action taken or omitted by any other Director. Directors shall have the immunities provided by law and in particular Florida Statutes Section 163.01. The Pool may purchase insurance providing liability coverage for such Directors or officers. ARTICLE XIII • ADDITIONAL INSURANCE The Pool, through the distribution of the minutes of the Board of Directors or through other means, shall inform all Members of the scope and amount of Excess or Stop Loss Excess Insurance in force at all times. Membership in the Pool shall not preclude any ARTICLE XIII - ADDITIONAL INSURANCE Continued) Member from purchasing any insurance coverage above those amounts purchased by the Pool. Such purchase shall not be construed to waive Sovereign Immunity of the Members of the Pool or the Pool. The Pool shall make its facilities available to advise Members of the types of additional or different coverages available to Pool Members. ARTICLE XIV - OPTIONAL DEFENSE BY MEMBER Whenever the Pool proposes to settle any pending claim or suit where the amount of that proposed settlement shall exceed Five Thousand Dollars ($5,000.00), the Member shall be given advance notice of that settlement. Such notice may be given by the establishment of a reserve amount in excess of Five Thousand Dollars ($5,000.00), provided that the amount of the settlement does not exceed the amount reserved. The officers and employees of the Pool shall, however, endeavor to give specific oral or written notice to the Member's Representative or Alternate of the exact amount of any proposed settlement in excess of Five Thousand Dollars ($5,000.00) prior to the date at which the Pool proposes to bind itself to pay such settlement amount. The officers, employees or independent contractors of the Pool shall attempt to give the Members as much notice of the settlement negotiations asis possible under the circumstances of each case. ARTICLE XV - CONTRACTUAL OBLIGATION This document shall constitute a binding contract under the Florida Interlocal Cooperation Act of 1969 among those public agencies which become Members of the Pool. The obligations and responsibilities of the Members set forth herein including the obligation to take no action inconsistent with this Intergovernmental Agreement as originally written or validly amended shall remain a continuing obligation and responsibility of the Member. The terms of this Intergovernmental Agreement may be enforced in a court of law by the Pool. The consideration for the duties herewith imposed upon the Members to take certain actions and to refrain from certain other actions shall be based upon the mutual promises and agreements of the Members set forth herein. This Intergovernmental Agreement may be executed in duplicate originals and its passage by the Member's governing body shall be evidenced by a certified copy of a resolution passed by the members of the governing body in accordance with the rules and regulations of such public agency, orovidtd. howev,r, thy:: •:r? M to the extent of the limited financial contributions to the ARTICLE XV - CONTRACTUAL OBLIGATION (Continued) agreed to herein or such additional obligations as may come about through amendments to this Intergovernmental Agreement, no Member agrees or contracts herein to be held responsible for any claims in tort or contract made against any other Member. The Members intend in the creation of the Pool to establish an organization for Risk Management only within the scope herein set out and have not herein created as between Member and Member any relationship of surety, indemnification or responsibility for the debts of or claims against any Member. ARTICLE XVI - EXPULSION OR TERMINATION.OF MEMBERS By the vote of two-thirds (2/3) of the Directors serving on the Board of Directors, any member may be expelled. Such expulsion may be carried out for one (1) or more of the following reasons: a. Failure to make any timely payments or assessments due to the Pool. b. Failure to undertake or continue loss reduction and prevention procedures adopted by the Pool. c. Failure to allow the Pool reasonable access to all facilities of the member and all records which relate to the purpose, powers or functioning of the Pool. d. Failure to furnish full cooperation with the Pool's attorney(ies) claims adjuster(s), the Executive Director and any agent, employee, officer or independent contractor of the Pool relating to the purpose, powers and proper functioning of the Pool. e. Failure to carry out any obligation of a Member which impairs the ability of the Pool, to carry out its purpose or powers or functions. No Member may be expelled except after notice from the Pool of the alleged failure along with a reasonable opportunity of not less than thirty (30) days to cure the alleged failure. The Member may request a hearing before the Board before any decision is made as to whether the expulsion shall take place. The Board shall set the date for a hearing which shall not less than fifteen (15) days after the expiration of the time to cure has passed. A decision by the Board to expel a Member after notice and hearing and a failure to cure the alleged defect shall be final. The Board of Directors may establish the date at which the expulsion of the Member shall be effective at any time not less than sixty (60) days after the vote expelling the Member has been made by the Board of Directors. If the motion to expel the Member made by the Board of Directors or a subsequent motion does not state the time at which the expulsion shall take place, such expulsion shall take place sixty (60) days after the date of the vote by the Board of Directors expelling the Member. ARTICLE XVI - EXPULSION OR TERMINATION OF MEMBERS (Continued) After expulsion or termination whether voluntary or involuntary, the former Member shall continue to be fully responsible and obligated for its portion of covered claims against the Pool which covered claims were incurred during the term of its membership, along with any other unfulfilled obligations as if it were still a Member of the Pool. The expelled or terminated Member shall, after expulsion or termination, no longer be entitled to participate or vote on the Board of Directors. ARTICLE XVII -TERMINATION OF THE POOL If at the conclusion of any fixed term of the Pool, the Board of Directors does not vote to continue the existence of the Pool, then the Pool shall cease its existence at the close of the then current fiscal year. Under those circumstances, the Board of Directors shall continue to meet on such a schedule as shall be necessary to carry out the termination of the affairs of the Pool. It is contemplated that the Board of Directors may be required to continue to hold meetings for some substantial period of time in order to accomplish this task, including the settlement of alt covered claims incurred during the term of the Pool. The former Members shall continue to be fully responsible and obligated for the portion of covered claims and expenses assessed against the Pool. After termination of the Pool Member shall continue to hold membership on the Board of Directors but only for the purpose of voting on matters effecting their limited continuing interest in the Pool for such years as they were Members of the Pool. All Members upon a general termination of the Pool shall remain fully obligated for their portion of any covered claims and expense against the Pool which was incurred or created during the term of their membership, along with any other unfulfilled obligations, including, but not limited to calls for Supplementary Payments for years of their membership which may be required and called for in subsequent years. IN WITNESS WHEREOF THIS AGREEMENT HAS BEEN EXECUTED BY THE ENTITY: CITY COMMISSION OF THE CITY OF PARKLAND . THE APPROVAL OF THE FOREGOING AGREEMENT WAS PASSED BY THE ENTITY: CITY COMMISSION OF THE CITY OF PARKLAND ON THE 19TH DAY OF SFPTFMRF . , 19, 91 AND ATTACHED HERETO, 8 DO HEREBY EXECUTE AND THE CITY CLERK DOES HEREBY ATTEST TO MY SIGNATURE AS EVIDENCE THAT THE CITY OF PARKLAND_ HAS APPROVED AND HEREBY BECOMES A BOUND SIGNATURE MEMBER OF THE 'INTERGOVERNMENTAL COOPERATIVE AGREEMENT' FOR BROWARD RISK MANAGEMENT ASSOCIATION, A COPY OF WHICH IS ATTACHED HERETO, AND WHICH IS PURSUANT TO FS.163.01, WHICH COMMENCED ON ._31ST DAY :: F DECFMRFR.19_90 ATTEST: SUSAN ARMSTRONG, CITY CL RK THIS J.�hIER /ln HARRY J. ER TZ. CIT DAY OF . .-ry-K-��,�. _ ,19 9/ APPROVED AS TO FORM: CITY ATTORNEY