HomeMy WebLinkAboutCity Council Resolution 1980-201CITY OF PLYMOUTH
Pursuant to due call and notice thereof, a special meeting of
the City Council of the City of Plymouth, Minnesota was heeldon tFe
24thday of March , 19_p. The following members were
present: Mayor HuntCoi
The following members were absent: Councilmemher Davenpnrt
Councilmember Hoyt introduced the following Resolution and
moved its adopt on:
RESOLUTION #SO -201
XTILEORIZING THE TRANSFER OF MMS FROM WCRITRS' COMPENSATION ACCOUNT TO THL RESER%T
FOR WORKERS' COMPENSATION CLADS ACCOUNT
WHEREAS, the City has purchased a contract which provides Workers' compensation benefits
to all employees, and
WHEREAS, the policy purchased is a self-insurance plan for all claims in the aggregate
of $150,000 for the contract year April 1, 1980 through March 31, 1981, and
WHEREAS, The Finance Director recce rands that a cash reserve by established in the
amount of all claims as they occur, and
WHEREAS, the Finance Director is authorized to transfer the necessary monies from the
various funds as necessary and deposit the monies into the Reserve for Workers' Ccmp-
ensation claims.
NOW, THEREFORE, BE IT M EBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH,
MINNESOTA that it should and thereby does establish a Reserve for Workers' Compensation
Claims account.
FURTHER, that the balance of the reserve account be maintained at the dollar amount of
estimated claims until the account balance reaches $300,000. maximum.
The motion for the adoption of the foregoing Resolution was duly seconded by
Councilmember Schneideg and upon trate being taken thereon, the
o ow ng voted n ravor thereof. Mayor Hunt- nunrj1momharc Nnv7+,
Neils and Schneider
The following vote ns or sta ne ; Nnup
Whereupon the Resolution was declared duly 'p4%%eG 41nd adopted,
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