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1999-38 Option to withdraw from Participation in the So. East Risk Mgmt Assoc (SERMA) RESOLUTION NO. 99-38 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF PARKLAND, FLORIDA, EXERCISING THE OPTION TO WITHDRAW PARTICIPATION IN THE SOUTH EAST RISK MANAGEMENT ASSOCIATION (SERMA) AND AUTHORIZING THE CITY MANAGER OF THE CITY OF PARKLAND, FLORIDA, ON BEHALF OF THE CITY, TO NOTIFY THE. BOARD OF DIRECTORS AND ADMINISTRATORS OF THE SERMA POOL OF THE CITY'S INTENT. WHEREAS, the City of Parkland has participated with five other Broward and Palm Beach County cities to pool and cooperate in insurance purposes for the past five fiscal years; and WHEREAS, Resolution No. 94-54 adopted by the Parkland City Commission on January 18, 1995 authorized such participation and acceptance and adherence of the Pool's By-Laws; and WHEREAS, Article IV of the Intergovernmental Cooperative Agreement (By- Laws) mandates notification to the Pool of a city's withdrawal with a one-year notice: and WHEREAS, the City of Parkland chooses to exercise the option of withdrawal from the Pool effective with the start of fiscal year 2000 through 2001. NOW THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF PARKLAND, FLORIDA: Section 1. The City of Parkland may want to consider other insurance alternatives and can only do so with notification to the SERMA pool of intent to withdraw from the Pool. Section 2. The City Manager of Parkland, Florida is hereby directed to notify the Board of Directors of the SERMA Pool of the mandated one year advance notification of withdrawal. Section 3. The City Manager of the City of Parkland, Florida, is hereby authorized and directed to do all things necessary and expedient in order to effectuate a withdrawal from the Pool. Section 4. This Resolution shall be in full force and effect immediately after its passage and adoption. RESOLUTION NO. 97-38 PAGE 2 PASSED AND ADOPTED THIS 4th DAY OF Aug., 1999. ATTEST: ~~ HELENLYN~TT,CMC/AAE CITY CLERK CITY OF PARKLAND, FLORIDA sd:L&~ INTEROFFICE MEMORANDUM TO: FROM: SUBJECT: DATE: CC: HARRY J. MERTZ, CITY MANAGER JUDnH C. KILGORE, FINANCE DIRECTOR INSURANCE OPTIONS 2000 JULY 9, 1999 SERMA Fll.E As you know, the South East Risk Management Association pool requires one-year prior notice of withdrawal from the self-insurance pool. Therefore, I suggest that the City of Parkland tranSmit this Notice of Intent to Withdraw for South East Risk Management Association (SERMA) before the end of September to preserve its ability to investigate other insurance options for the Fiscal Year that begins on October 1, 2000. CITY OF PARKL:\~D fl4~ --- 6500 PARI\:SIDE DHIYE PARKLAND, FLORIDA 33067 (954) 753-5040 FAX: (954) 341-5161 August 5, 1999 David Murphy, Risk Manager and Chairman South East Risk Management Association c/o City of Lake Worth 7 North Dixie Highway Lake Werth, Florida 33460-3787 Re: City of Parkland Resolution of the City Commission No 99-38 Dear Mr. Murphy and Members of the Board: Enclosed herewith is a resolution of the City of Parkland City Commission exercising its right to withdraw from the South East Risk Management Insur- ance Pool wi~h one year's notice. . . .' At this time)Jthe City is simply preserving its op- tions for the fiscal year October 1, 2000 through September 30, 2001. c~ udith C. Ki{gkJ - - Finance Director cc: McCreary Corporation ~ SERMA Administrator 700 Central Parkway Stuart, FL 34994