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Resolution 94-791WF(ER£AE, Public Risk Management serves as the insurance carraer for the City of Longwood, and WFtEREAS, t City o£ Longwood's liability, property, mobile, and worker compensation r ranee are all covered by Public Risk Management of Plorida, and su That tRe attached INTERGOVERNMENTAL OOPERATIVE A F.MENT (A C R THE PUBLICRR AGEMENT OF FLORIDA) i hereby adopted axdM made part of thv., resolution by reference thereto. PASSED AND ADOPTED THIS ~~ DAY OF DECEM£ER, 1994. yY /.i ~~-/1.14 iris-L. Bens Mayor iliiCAiION G~.a1!4< o p t ~efGf^ ~,^v once n r ld'ne Zambr Cvty C erk moo oo ks^C~e,c o~ I~~~ ;, eLu 1 Gr C Approved as to form and Segallty for the use and reliance of the City of Longwood, Florida only. ,~-~-~~" / ~ ~i=/_~ Richard S. Taylor, ., City Attorney AS AMETiD D AND RESTATED THROUGH Su a 10 1994 PEA ~ 1 Article 1 I N D E % Name and duration 1 Article 2 Definitions ' 3 Article 2 Purpose 3 Article 3 Power and Duties 5 Article 4 Participation and Term 6 Article 5 Commencement of the Pool 6 Article 6 Hoard of Directors of the Pool \ 9 Article ] Hoard of Directors Meetings 10 Article 6 Pool Officers 12 19 Article 9 Article 10 Finances and Risk Management Pool Excess i 15 Article 11 nsurance Obligations of Members 1] Article 12 Liability of Hoard of Directors or Officers 1] Article 13 Additional Insurance 1] Article 14 Optional Defense by Member td Article l5 Contractual obligation 18 Article 16 Expulsion or Terminatlon of Members 20 Article 1] Termination of Poel ARTICLES OF ASSOCIATION AND BY-LAWS OF POBLIC RISK MANAGEMENT OF FLORIDA (P W4) HE ST KNOWN TFIAT. The below n med Public agency o agencies of the State of Florida foz the purpose of forming a isk m nagement and self- iation pssrsuant to the termsaof Florida Statutes Sectionsa]68508(t4), 440.5"1, and 163.01, Florida Interlocal Cooperation Act o£ 1969, do bind themselves contractually to and adopt these Art.i.cles of Association and ey-Lavs. Article 1 - Name and Duration 1.1 The n of this a iation shall be Public Risk Management of Florida, referredsto hereinafter as the cool. Article 2 - Definitions and P 2.1. pefinitio sed in this agze en t, the following terms shall have thesmeaning hereinafter seteout: ual Payments" The a unt each Member must a ua11y pay to fundnthe anticipated costs of the full operation ofnthe Pool. "Excess Insurance" - Insurance purchased by the Pool from ompanies and/or Lloyds of London, o other s milar en titiese approved by the e and of D ectors, o any c mmittee appointed by the a and for such purpose, to c r lasses over a preset aggregate a unt up to a preset m unt of rage. rchaseoof such i nce is notuvntended to, nor does it warve sovereign rmmunity a "Saint Self-insurance" "Self-Funded" - A self-insurance self-funded program i which Members agree to a ent ua11y, and whey required, supplementary assessmen is etom support the Risk Management Pool. The public agencies of the State of Florida which inmtially or later enter into the intergovernmental association established by this Intergovernmental Agreement. "Pool" Public Risk Mangagement of Florida established pursuant to the C nstitution and the Statutes of the State of Florida by this Intergovernmental Agreement. isk M nagement" A program attempting to reduce or limit ualty andaproperty losses t embers and injuries t employees sed by o arising out of the operations of Membeis.o Where claims a e the Pool will provide pro ing o£ claims, estigation, defense and settlement within the financial limits ofvthe Pool a established i ordance with this intergovernmental Agreement andcwill tabulate such claims, costs and losses. "Risk M nagement Pool" A fund of public m established by the Pool to jointly self-insure and self fund property rages, general liability, automobile liability, professional liability, public officials' liability and workers' compensation, and any other coverage lines approved by the Board of nvrectors. "Self-Insurance" - The decision by a public agency not to purchase i rage fox risks below certain limits; to eek and m intainei nities provided by law for a red public agency; to rely upon its financial capabilitiesrtoupay red losses which o e third-party claims a e held valid and not barred o cappedcby a ailable i nities and to purchase s e to protect against catastrophic o aggregate lossessu TRe purchase of liability i e by the ool o of its Members v not intended m,nanaaaoea not, eign i nity. rchase of 1iiability r shall onlyebeopur ant touFloridaPStatutes which allow Eozuthecpurchase of i euby the Pool without the w of s eign i unity by theuPOO1 o any of the Pool's nembersvand is notrpursuant to any other statute of the State of 'Plorida. "Stop L s Excess Insurance" e purchased by the ool from i ompanies and/ox Lloydscof London, approved by the B ardsofa- ectors, o any c mmittee appointed-by the Hoard for such purpose, to write c rage up to a on trac ted unt far individual losses e eed ing a specifiedca unt to be bor e by the Risk M nagement Pool. rchase of suchmi urance rs notnrntended to, nor does it, warve sovereign immunityns "Supplementary Payments" embers shall also be obligated required, to make supplementary payments if the a unt of the annual payments shall be insufficient to fund the operations of Total A ual Payroll" Total of wages and/or salaries xcluding premium o ertime and other employee benefits Sncur by the employee during the calendar year. 2.2. _~. The Pool i oopera five agency voluntarily established by Members a set for th i Florida Statutes .Sections 163.01, ]68.28 and 490.5] for the purpose of seeking the prevention or lessening o ual ty and property 1 s to embers and injuries to p mployees which might r salt in c s being made ayainst Members. the purpose of thiseFOOl s toot rry out and effect the agreed upon functions and purposes of thisalntergovernmental Agreement as stated herein. It is the Intent of the Members of this Pool to c eate a entity which will administer a Risk M nagement Pool and utilize uch funds to defend and protect, i ordance with this Intergovernmental Agreement, any Memberoof the Pool a nst liability for a covered loss. .This Agreement shall constitute A11 funds contained within the Risk Management Pool a funds directly derived from its Members who a e public agencies of the State of Florida. It is the intent oErthe Members i entering into this Intergovernmental Agreement that, to then fullest extent possible, the scope of Risk M nagement undertaken by them through a Joint Self-Insurance of Self-funded program ing governmental funds shall not w n behalf of any Member uch Member's employees as definedr in Florida Statutes Section 60528, any defenses o ni ti es therein provided, or provided by the laws of the StateroFnFloiida. The Pool and the Members of this Pool vntend to effect n of s eign i ni ti es through their u of public fundsVretainedVwithln tneuRisk nagement PoolSe uch funds being utilized to protect against ordance with Florida Statutes Section ]68.28, a not intended toot ns ti tote the e istence, v r purchase of a policy for i This Intergovernmental Agreement v not to be c sideredssuchoa ould c e this Pool to be treatedsa within therm ing ofsany legislation giving riskston liability o applicability to far damages, costs, fees expenses etc., under FloridanStatutes Sections 629.tss, 626.9591, 626.9561, 62].426, 62].928, o other statutes applicable to insurers rn the State of Florida. Article 3 - and puti es 3.l The powers of the Pool to perform and omplishPthe functions and purposes set forth herein, w.i thin the budgetary limits and procedures set forth in this Intergovernmental Agreement shall be as follows: 3.1.1. establish ey-Laws and Amendments to By-Laws, and o ratio~al procedures governing t operations of the Pool w ichpa istent with this Intergovernmental Agreement as setrf orthsin Florida Statutes Sections ]68.28, 163.01 and 440.67 and to not v reign i nity not ved statutorily under FloridaVLawnyandVto expressly negate any past, present, or future w of s eign i nity under Florida Statutes, and to continue to negate a of eign i unity for discretionary and planningafunctions of government. 3.1.2, employ agents, employees and independent ontractors and appro a the rate of compensation, benefits and/or ontracts that apply to Pool employees, Pool officers and s providers, and to a all bene£i is of Florida Statutes Section 163.01(9)(a) and allsother applicable Florida Statutes. 3.1.3. To .lease real property and to purchase o lease equipment, machinery or personal property necessary for the carrying out of the purpose of the Pool; 3.1.4. To c rry out educational and other programs relating to risk reductions; 3.1.5. e the c eation o£ this Pooi and s e to the collection o£ fundscfor the continued administration o£ the Risk Management Pool; 3.1.6. To purchase E and Stop Loss Excess Insurance to supplement thecRisk M nagement Pool without such being a waaver of sovereign immunityaunder Florida Lav; 3.1.7. To establish r nable and n ary loss reductio and prevention proceduresawhich shall becfollowed by the Members; 3.1.8. o provide Aisk Management s ncluding the defense o£ and settlement of claims and to haver the assthority granted by Florida Statutes Section y68.2d(t4); 3.1.9, negate pursuant to Florida Statutes, any vmplication of a of s eign i nity, and to negate any of s reignvi nity other thanmto the extent required undeirFloridaeStatutes~Section 768.28. 3.1.10. To act solely within the budgetary limits established by the Members to c out such other activities a drily implied or required to carry out the purposes of the Poolss 3.1.11. To sue or be sued as a separate legal entity 4.1. T rite initial term of the Pool snau be from 12:01 October t, 1987 to 12:01 a September 30, 1969. Alter the initial two (2) y x term of the Pool, the term shall automatically be r wed for additional terms of two (2) years ach, vided, however, the Members m through the n providedri ection 6.9.4. terminate theyPOOl a of the endeof the initial or any additional term during vhichssuch action is taken. 4.2. Notice of Withdrawal. 0 long as the Pool shall ontinue i rstence, ent a w Member joining the Pool shall r ember fozyactwo-year term (except a set forth z Sectione4a4nbelov). Titus, ember joz ing thesPOOl for then final year of a two-year termnshall be obligated to continue a a Member o£ the Pool Eor at least the first year of the n w two-s year term if the Pool i not terminated. After a ember's nitial two-year term with the Pool, such Member may withdraw from the Pool at the end of the fiscal year upon the giving of at least o s prior written notice. Such notice shall be addressed loathe E cutive D ector of the eool and shall be ompanied by a solution of the governing body of the Member electing to withdraw from the Pool. Such notice m also be given at least o e (i) year prior to the end of theyfirst tvo- year cycle to effectuate withdrawal at the end of that cycle. 4.3. Actual Withdrawal/Re red Withdrawal. Any Member who has s wed the E cutive D ector with prior written notice of its intent to withdraw at least o e (i) year prior to the beginning of the fiscal y r fox which the notice to withdraw i applicable, shall v rify r riling to the Executive D ector o r before August i5eprior towthe beginning of such fiscal yeax,na ri£ication as to whether the Member intends to actually withdraw from the Pool at the end of the c ent fiscal year. ailure to give such v rification o r before A ust 15 prior to the beginning of the fiscal y r for which noti cegof intent to withdraw applied, shall be deemed a cation of the prior notice o[ intent to withdraw; thus, binding the Member to the Pool fox the e rng fiscal year, vided, however, any Member who gives written notice of its intent to withdraw from the Pool e than o e during a y three (3) year period, may be required, atrthe option of the H and of Directors, to vi thdraw from the ool on the s and such notice. action to expel a ember i this m shall be taken by theAB and of D ectors prior to n Augustal not the c ent fiscal yeas rn the manner described in Article 16 hereafter. 9.4. Admission of N embers. The Pool's C cutive Committee shall establishwand periodically r xstandards, and the approval process, for the admissi on o embers. approval of these standards, and oC the approval proces s, DPOr admission by the Board of Directors, the Pool's executive Committee m y grant or deny admission to proposed n embers based upon such criteria. Such standards may allowafor-a ember c into the Pool after the first day o the fiscal o berobligated to be a Member f r less thanft enty-four (24) months, but not less than eighteen (18) monthsv such that the efeecti~e gate of any termrnation is on the last aay of a fiscal y r of the Pool. Article 5 - Commencement o£ the Poel 5.1. C ent Date. The Yool shall commence operations on October 1mm19Hym Article 6 - and of Directors o£ the Pool 6.1. The Board. There is hereby established a and of Directors (sometimes hereinafter referred to as the HBOard") of the Pool. Each Member shall appoint o e (1) person to represent that body (the "Representative") on the B and of D ectors for a term o£ o e (1) year along with another person to s ve as an alternatenrepresentative (the "Alternate") when thee Representative i noble to c rry out that Representative's duties. The Representative and Alternate shall be appointed i riling by the governing body o£ the Member and copy of written appointment shall be provided to the Pool. Once such appointments a made known to the Pool, the persons appointed shall r eofEice until the Pool r vidence i ritingeofrthenappointment of other personsvby the Memberns governing body. The Representative and Alternate selected must be either an employee or elected official of the entity. 6.2. The chairman and Vice Chairman. The e and o£ Directors hall bi-annually select a Chairman and V e Chairman during the final quarter of each two-year term to s e during the subsequent two-year term. o person m s Chairman of the and of D ectors for m e than tvo (2) c tali ve full tvo-year terms. Tne Chairman shall presidenat all meetings of the Hoard. The Chairman shall vote o all matters that c before the e ord. The Chairman shallnhave such other powers as he ay be given from time to time by ac t.i on of the Hoard. The V e-Chairman shall c rry out all duties of the Chairman of the B and during the absence o nobility of the Chairman to perform such duties and shall c out such other functions a signed from time to time by the Cnairman of the Board ofs Directors. The Hoard of Drrectors may from time to time appoint 6.3. and R sibilities. Tne Hoard o£ Directors shall Dave the responsibility f (11 hiring of Pool oft non-clerical employees andri ndependent contractors; by the Pool; (3) approval of a ents to the I ergovernmental ent; (4) approval of t eptance o embers and a pulsion o£ Members, e cepththatathe approvalemay De delegated to the Executive Committee under Article 4 above, or by such procedures a ontained in the motion making delegation; (6) approval andsa endment of the a ua1 budget of the Pool; 16) approval o£ the operational procedures developed by the E cuti ve ec tor; (~) approval o£ educational and other progra relating to rrsk reduction; f8) approval of r nable and n y 1DSs reduction and prevention procedures which shall be followed by all !embers; (9) approval of a uzl and supplementary payments to the Risk M nagement Pool for each Member; and (10) termination of the Pool in accordance with this Intergovernmental Agreement. 6.9. Voting, ach Member shall be entitled to o e (t) vote on the Yoard of Drrectors. Each vote may be cast onlynby the by the Alternate. o proxy votes o absentee votes shall be permitted. Voting shall be conducted by sealed ballot, shoe of hands o any method established by the s ard. imple majority vote of those Representatives present shall be required to pass any motion. Provided, however, nothing herein shall preclude ~o tin9 o any matter v ailed or facsimile transmission ballot. On such matters, the Chairman and the Executive Director of the ool shall c ach Member's Representative and Alternate to e the proposed ballot which will include at a m the ter trof the motion to be voted upon and the purpose ofnsuch motion. Only the Representative or the Alternate m vote on ach ballots (not bath). If both the Alternate anday Representative submit ballots, only the Representative's ballot will be c anted, ailed or facsimiled ballots must be returned by the date required in the ballot, which will be n axlier than fourteen (147 calendar days (five (6) calendar daysofoi votes dealing with the approval of n embers) after the mailing o transmission date and no later thain thirty (30) days (five (5) calendar days for votes dealing with the approval of n embers) after the mailing or transmission date of such ballo t.aw avorable votes by a majority of the Members' Representatives (or F Alternates in their absence) entitled to vote shall pass any action; unless a action is taken which i subject to 6.9 below, which c e passage will be based on the required number of votes a ifseach Member's Representative o Alternate w s present at a regular or special meeting called to decide such question. 6.5. _ entative~. The a en tati ve selected by the ember shall s until a s been s ected. Repzesentativeechosen by theumemberrm y be r wed at a yTtime by the vote of the Member's governing body. Ina the event [hat a n the position of Representative o Alternate selec{ed byuthergoverninq body of a ember, that body shall appoinT a riti ng within 60 days of such v ing.suThes£ailurewo member to select a Representative or theufailure of that p n to participate shall n affect the esponsibilities or duties o a Member under this t Intergovernmental Ag ement.f 6.6. The E cut' Committee end other c mmittees. The and of Directors shall have the power to establish both standing and ad hoc c mmittees to further the functions and purpose of this Pool.o Unless the B and of D ectors shall establish s other p cedure, the authority for .selection of Representativ Alternates s ing on the B and of D ectors who shall s uch c mmi trees and chair them shallrr side with the Chairmannof the Board of Directors. The Chairman of the Board of D ectors may appoint n voting and n n-paid persons who a not Members of the B and of D ectors to s mmittees of the Pool. The H and of rD ectors shalledic tale to the E cuti ve Director the guidelines for authorizing the settlement of claims. The Hoard of Directors shall establish a eutive c mmf tree. Tnat E entire c mmittee anall n iet ofn the Chairman of the B ard,.tf.e Vice Chairman of the B ard, the Treasurer and two Representatives appointed by the B ard, o Erom the southern a o£ the Pool and o e from the northernea ea of the Pool, a uch ea e designated on the attached map exhibit "6.6".s The BoardsofrDirectozs may grant to the e cu rive Committee the authority to approve expenditures, authorizeea settlement of claims and suits and take such other action a shall be specifically delegated to the Executive Committee s 6.]. ODera ling Rules. The B and of n ectors may establish rules governing its o onduct and procedure not inconsistent vi th this Intergovernmental Agreement. 6.8. Quorum. A quorum shall c ist of a majority of the Representatives (or in their absenceotheii Alternates) s ing on the Hoard of D ectors. Except as provided in Section 6e9~ herein, o elsewhere in this intergovernmental A en t, a imple majority of a q orum shall be sufficient toepass upon all matters. 6.9. saner-Maiority Votinv. A greater vote than a majority of a quorum shall be required to approve the following matters: 6.9.1. uch matters as the e and of o ectors shall establish within its rules as requiring for passage a vote at least equal to the greater than majority vote required by the proposed rule. 6.9.2. The expulsion of a ember shall require the two-thirds (2/31 vote of all the Representatives serving on the 6.9.3, endment of this intergovernmental Agreement except s provided in Subsection 4 below, shall require the two-thirds (2/3) vote of all the Representatives serving on the Hoard of Drrec tors. fi.9.9. The a endment of this intergovernnental Agreement to c e the termination of this Agreement s ner than two (2) years after its c ent o reduction o elimination in the scope of lossmprotection set out in Article 10 to be furnished by the self-insurance pool derived from payments from the Members, shall require that specific written notice of the proposed change be sent by registered o ertified mail to the governing body of the Member and to the Representative and Alternate o£ the Member s inq on the e and of Directors, n less than ten (10) days prior to a eeting at which this matter s proposed and the amendment as proposed o ended at such and meeting must r e the approval of twosthirds (2/37 vote o£ all of the then c ent Representatives for in their absence their Alternates) representing the then Members o£ the Pool. 6.10. Compensation of e and of D ectors. Representative o Alternate s ing onrthe Board of Directors shall receive any salary £romethe Pool. Article ] - and of D ectors eet3pg; ].1. Meetin Regular meetings of the Hoard o£ D ectors shall be held at least four (4) times a The tentative times, dates, and locations of regular meetings of the H azd shall be established at the beginning of each fiscal y Any item of business may be c sidered at a regular meetinga ncludingthe scheduling of future regular meetings." The cutive Director shall attend all e and meetings and Executive Committee meetings to s advisor and to report as the administrative officer ofv thes8ool. ].2. H i.al Meetings. Special meetings of the Hoard of ectors maycbe called by its Chairman, ox by any three Representatives (or in their absence their Alternates). The Chairman o n his absence, the v e Chairman, shall give ten (10) days written notice of regular o special meetings to the Representative and Alternate of each Member and a agenda specifying the subject of any special meeting shall a ompany uch notice. onducted at special meetings shall be limited to thoeesitems specified in the agenda. The time, date and location of special meetings of the Board of Directors shall be determined by the Chairman of the Board of Drrectors, or rn his absence, by the Vrce Chairman. ].3. Conduct of meetings. o the extent not contrary to this Intergovernmental AgreementT and e cept a modified by the and of n Robert's Rules of Order, latest edition, shall governeallrmeeti ngs of the 8 aid of D ectors. nutes of all regular and special meetings of the B and of D shall be sent to all Representatives (oi in their absence theo=s Alternates) serving on the Hoard of Drrectors. Art'cle B - ool officers 8.1. Officers. O£f icers of the Pool shall c ist of a Executive D ector, a Secretary and such other n officers a establ~i shedufzom time to time by the e and of ectois.s All Pool officers shall be appointed by the Hoard of Drrectors. 8.2. E cutive D ector The E cutive n ector 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 c rry out the policy and operational procedures o£ the Pool established in this Intergovernmental Agreement and by the Hoard of Drrectors. Among the Executive Drrector's duties shall 8.2.1. The E cutive U ector m sign, with such other person authorized byethe Board of D ec{ors, a nstruments which the H and of D ectors have authorized to be cu ted and, rn general, shall perform all duties r cident to the office of E cutive D ector and such other duties as ay be prescribed by the Hoard Df Drrectors. 8.2.2. mhe E cutive D ector shall prepare a proposed a ual budget andeproposedra ual Risk Management Yool payment and, where required, supplementary payments to the Risk management PoDl and shall submit such proposals to the Board of 8.2.3. The Executive D eetor shall, where ary, make r endations regarding policy decisions, the ea lion of otherePOOl officers and the employment of agents and independent contractors. At each regular meeting of the e and of Oirectois and at such other times as he shall be required to do so, he shall present a full report of his activities and the to all Members on all claims Eiled and payouts made ft.2.5. The Executive D ector shall, within the f the approved o ended budget, employ all ial,oclerical and ether sum filar help and expend funds Eor administrative expenses. 8.3. T a.u er. The Treasurer shall: -.3.1. charge and custody of and be responsible fox all funds and s riti es of the Pool; e to be r wed and given all r eipts for m neys due and payable to thecPOOl from any s ewhatsoever; ~ e to be deposited all such mo eys n the n uofethe Pool i uchsbanks, s ings and loan iations o other depositories, thataa cognized a aoualified Public Depositories" by the State T operating under Chapter 2-o Florida Statutes, a shall beeselected by the Board of D ectors, c e to be i ested the funds of the Pool a not immediately required i uch s rities as the Board of s ectors shall specifically or generally select from time to time; and cause to be maintained the financial books and records 8.3.2. n general, perform all duties i cident to the office of T and such other duties as from time to tim y be signed to him by the E cutive Director or the ardmof D ectors. Nothing herein shall prevent the T from delegating, v riting, the Functions of the office touthird parties, whether members Df the a and of D ectors, employees of the Pool, or third parties. , the Treasurer shall vntain the control and responsebi li ty for the execution of such functions by such delegates. ft.9. Secretarv. The Secretary shall i notices of all Hoard meetings, and shall attend and keep theum notes of the The Secretary shall have charge of all corporate books, orris and papers; shall be custodian of the corporate seal; and shall keep all written contracts of the Pool. In general, the Secretary shall perform a11. duties i cident to the office of Secretary and such other duties as from time to time may be signed by the E cutive D ector or the a and o£ D ectors. In of the absence or disability of the Secretary, the duties of the office shall be performed by an Assvstant Secretary. 8.3. Third Party Delegations. The e and may select a financial institution to c out s all o£ the functions which would otherwise be a signed to a and m select a isk m nagement company o sagent to s uclaims administrator r to c rry out s all of the functions which would o thervise be a signed to the G cutive D ector. The e aid m also employ persons o ompanies a independent contractors t y ca y out some of allro£ the Eunc Lions of officers of the Pool. e.6. oeficer v m the absence of the E cntive eceor, T rnsec~etarr, o n the e ent of the nability o ret~sa>°of anon of ficersl to aoe,~cne chairman of the ara of D ectors m erform t e antiea of the e cntioe Drrector, x~easnrer secretarr~ ana, when so acc,~q, snap nawe upon the Executive Drrector, Treasurer or Secretary Art'cle 9 ~ and Hisk M ent Pool 9.1. Fiscal Y The fiscal y of the Pool shall commence en Octeberai, and end on September 30, of each year. 9.2. Bud et. The a and of D ectors or the E tali ve Committee shall approve a preliminary budget for the administration of the Pool by June 1, of each year. Copies o£ all preliminary and final budgets shall be promptly mailed to ach Member of the H axd of D ectors. The H and o£ D ectors shall, by August l of the yeas prior to the start of each fiscal year adopt a final budget and determine the a ant of the A ual Payment to be made by each Member and the dateoupon which the payment is due. ailure of the B and of D ectors o the cutive Committee to appro a preliminary or final budget within the times set forth within this Section shall not relieve the Members of the obligation to make A ual or Supplementary ents to the Pool so long a ach budgets a e finally adopted, andmthe Member e given at least thirty (30) days after the passage of tnesfinal budget i which to make A ual Payments to the Pool. Members will be alloyed forty-five (451 days after notification to make Hupplementary Payments. 9.3. A ual P actors. In determining the a ant of the Annual Paymentaduen£rom each Member, the H and of Di~ectors shall consider some or all of the following factors: 9.3.1. Number of employees; 9.3.2. Property values of the Member; 9.3.3. Number and type of vehicles o ned by the Member and the use made of the vehicles; 9.3.4. Population of the geographic area represented by the Member; 9.3.5. The payroll of the member; 9.3.6. Se 1f -funding contribution to the Poel; 9.3.y. The budget of the Member; and 9.3.8. The claims and loss experience of the Member The B and of D ectors shall establish a ua11y a ost if risk allocation vhichrit utilized i making thenallocation o£ the amount of the Annual Payment due From each Member. This applied equally to all Members s milarly situated during such period of time as it is uti lizedl mhe e and eE n ectors m y grant debits o redits to embers with above or below a e loss o claims r orris. The unt of such debits o reditsamay not vary m e than 253 above robelow the unt whichcthe ember ould pay 1f it w not to have been granted the debit o reditW In establishing the loss and claims r ord of the Memberc the e and of D ectors m utilize the loss and claims experience of the Member during latest 3 years of the Yool. 9.4, a~dcet Amendments. Budgets m y be a ended at a y time by majority vote of the a and and calls afor Supplementaryn Payments m y be made by the B and of D ectors, providing, however, that such additional S mayrbe called for i a total unt attributable to any o e year o£ n e than the a unt stipulated as the Members m ualopremium adjustment for that y The e aid shallaalsommake calls for Supplementary Payments from Members which have withdrawn or been expelled for s during which they w embers. The forwarding of such ual and Supplementary Payments within a time specified i notices to the Members giving them not less than forty-fiven(45) days to make such a ual payments and sixty (fi0) days to make supplementary payments, shall be of the e of this contract. Supplementary Payments shall only be requiredcby the Board of ec for situation r which there i nable c rn that thess ing from the An ual Paymen tsawill not bece sufficientu to meetnthe responsibilities of the Pool established n this Intergovernmental Agreement. embers shall be esponsible for Supplementary Paymen tsl^during the entire life of the Pool and any later period when claims o expenses need to be paid which a attributable to the year of membership when the ent out ofrwhich the expense o claim o red. Supplementary Payments may be called for i umber ofcindividual requests provided that the total a untaof the Supplementary Payments may not exceed the maxrmum amount permitted. 9.5. P ents - subsequent y the e and of ectors m ympermit therA ualno SupplementarysP ents to be made o onthly or quarterly basis. The a unt ofmany Supplementary P ents required sRall be based upon the s formula as was used in establishing the Annual P y ent formthat 9.6. Retirement Fund Obligations. embers shall be both rally and j intly liable to the State of Florida Department otxdministzation, Divisvon of Retirement for any Florida outlined in the intergovernmental Agreement, Article it either been paid pr provision has been made for such payment, the and o£ - ec tors as then c nstituted shall distribute surplus funds to the Members who c ns ti toted the membership of the Pool n that prior y after First deducting therefrom r noble administrative and other n allocated costs v redeby the Pool n the processing of the claims in y otheinthan the o which the claim w made. The distribution a ong the Membersn shall be in the same pzopoition to the total as vas their Annual such yeas. 9.8. Audit. The Board of nvrec tors shall provide to the be made by a ertified public a untant at the end of each Fiscal y ordance with generally a cepted auditing principles iTheca ual report shall be delivered to the Chairman of the governing body of each Member. Article ~o - c s xnanrance 10.1. Excess Ins The Pool will purchase Excess and/or Lloyds of London, approved by the e and of D ec tors, o mmittee appointed by the B and for such purpose, v act ants a shall be approved by the H and of o ectors, but such pu~chase does not, and i not intended to vavve sovereign immunity under Florida Law. t0.2. Htop Loss E addition to the stated ragess thesPOOlcwill obtain when possible, aggregates5topuL uch that in the e ent that the Pool should i inglesyearcexpend a aggregate s set from time to timeyby the B and of D ectorsvfor the p entum of claims, the Stop L rotecti on wouldypay additional claims aboves that a unttoncer{gin m ual ant. The Board of D ectorsoand underwritersashall determvne the c ent level of the aggregate Stop c enprotec ti on and i s Simit based upon the current assets andurisk history of the Pool. 1o.3. r ent tnat a oe losses should e eedcthe a ant oflc e provided byethesRisk nagement Pool, theoExcess i d the Stop L rage f any o Cethen the determinationeof whetherctocpay such ~ redeloss snap be the obligation of the individual member o embers against whom the claim v made and perfected by judgmentMO settlement under Florida Lawas The Pool snail make payments from the Risk M nagement Pool and the E and Stop Loss Excess Insurance proceeds in the ordexsin vhichathe judgments against the Pool nave been entered or settlements of claims have been reached. Article t - Obligations of Members 11.1. Member Obligations. The obligations of Members o£ the Pool shall be as follows: ll.l.l, o budget for, where n y to levy for and to promptly pay all Annual and Supplementaryro other payments to the Risk M nagement Pool at such timesrand i uch ants a shall be established by the H and of O ectors wi to in the scopeso£ this Intergov ental Agre ent. Any delinquent payments shall be paid with ampenal ty which shall be set by the Board but such rate shall not e eed the highest interest rate allowed by statute to be paid byca Florida public agency. 1.2. To select, riling, a Representative to n the H and of O>rectorsl and to select an Alternate Representativeo 11.t.3. allow the Pool r nable a s to all Eacili tie of the Member and all r ordsavncludingcbut not limited to financial records whichsrelate to the purpose or powers of the Pool. 11.1.4. allow attorneys employed by the Pool to represent the MemberTi es ligation, settlement discussions and all levels of li tigationra ing out o£ a claim made against the Member within the scoper of loss protection furnished by the Pool. l.t.i. o furnish full cooperation with the Pool a ttorneys,lclaims adjusters, the E cutive D ector and any agent, employee, officer or Sndependent contractor of the Pool relating to the purpose or powers of the Pool. 11.1.6. o follow i its operations all loss reduction and prevention procedures established by the Pool within its purpose of powers. t.]. report to the Executive D ectoi or his designee within the time limit specified the followvng items: . On or before M of e h fiscal y of the PoDl, thel Member's: number of employees; property values; number and type o veh isles and the u node of the vehicles; population of thefgeographic area represented by the Member; and payroll. 11.1.].2. To report, within five (5) days of eipt, any and all statutory notices of claims, a well a and complaint o other pleading before a urt or agency, involving any claim for which Pool coverage is sought. t.1.~.3, m report, within ten (10) days of eipt, any oral o ritten demand for m netary relief for which coverage rs sought towthe Pool Executive Director. ll.t.].4. T report to the E cutive Oiie<tor at the earliest practicable m ent any information of a nce, claim o cident r wed by the Member and from vhichcthe e Member could r nobly c nclude that c rage will be sought by said Member £oras~ch an occurrence, claimeor vncident. In the e ent that the items set forth above a not submitted to the Executive Director within the timeeperiods set forth above, the H and of D ectors of the Pool, by a vote of a majority of a quorum of thevH ard, at a regular o special ee ling, m whole or part decline top vide a defense to the member or to extend the funds of the Pool for the payment Df losses of damages r red. In r aching its decision, the H and shall c Sider whether and to what extent the Pool w s prejudiced its ability to i estigate and defend the claim due to the failure of the Member to promptly furnish timely notice of the clai cident to the E esstive n ector, mhe decisionco£ the a ardrof D ectors shall be £ina1Y ailure of a Member to abide by these requirements shall also be grounds for expulsion from the Pool. Article 12 - iability of e and of D ectors or Officers of the P of t2.1. Liabilit of D ectors and Officers. The Representatives (or in their absence their Alternates) s ing on the H and of D ectors o officers of the Pool should u ordinary c and r noble diligence in the e of their power and ine the performance of their duties hereunder; they shall not be liable £or any mistake of judgment o other action made, taken o milted by them in good faith; n r for any action taken or omitted by a y agent, employee or independent contractor selected with r nable c r Ear loss i red through rnvestment of Pool funds, oref ailure to inves tcu No any other R entative. entatives shall have the pities p vided by law and in particular Florida Statutes Section 163.01. The Pool may purchase i e providing liability coverage for such Representativesrorcofficers. A t' 1 13 - Add't' 1 2 13.1. Members O ion to Yuxch se Additional Insurance. The ool through the distribution of the m notes of the s and of ectors or through other m shallvinform all Members of the cope and a ant of Excess ora5 top Loss Excess Insurance in force at all times embership in the Pool shall not preclude any Member from purchasing any i rage above those a ants purchased by the Pool. Suchnpurchasecshall not be c nstrued to eign i ni ty of the Members of the Pool oz the Yool. ThevPOOlvshall makeuits Facilities a ailable to advise Members of the types of additional or differentvcovera9es available to Pool Members. Article 14 - Settlements 14,1. Settlement/Advance Notice, whenever the Pool proposes to settle a ending claim o uit where the a ant of that proposed settlement shall e eed T n Thousand Dollars ($10,000.001, the Member shall be given advance notice of that settlement. Such notice m y be given by the es tablishment o£ a ant i of T Thousand Dollars (§10,000.00), provided that the am ant of the settlement does not e eed the ant r ved. The officers and employees o£ the Pool shall, however,eendeavor to give specific oral o written notice to tke Member's Representative o Alternate of the e act a ant of any proposed settlement i of Ten ThousandxDOllars (§t0,00o.00) prior tonthecdate at which the Pool proposes to bind itself to pay such settlement a un t. The officers, employees or independent contractors of the Pool shall attempt to give the Members a uch notice of the settlement negotiations as vs possible under the cvrcumstances of each case. Article 15 - Contractual obligation 15.1. Enforcement. This document shall c nstitute a binding ontract under the Florida Interlocal Cooperation Act of 1969 ong t 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 a riginally written or validly a ended shall r Doti nuing obligation and esponsibmlity of the Member.a The terms of this Intergovernmental Agreement may be enforced in a court of law by the Pool. sidexaticn for the duties herewith imposed upon the embersa to take certain actions and to refrain from certain other actions shall be based upon the mutual promises and agreements o£ the Members set Eorth herein. This intergovernmental Agreement may bee cuted in duplicate originals and its passage by the Member'sxgoverning body shall be evidenced by a ertified copy of solution passed by the members of the governing body i ordance with the rules and regulations of such public agency, provided, however, that e cept to the extent of the limited financial contributions to the Pool agreed to herein o uch additional obligations a may c about through a endments to this intergovernmental Aqreementmn Member agrees o ontracts herein to be held responsible for any claims in tort o ontract made against a other ember The Members rntend in the ea lion of theyPOOl t Mestablisb a organization for Risk nagement only within the scope herein set out and have not herein c Bated as between Member and Member any relationship of rety, indemnification o esponsibility for the debts of or claims against any Memberz 15.2. Attornevs any legal action between the pantie ing out ofFthis Agre ent, any attempts to enforce this Agreement, any breach of Y.his Agreement, the prevailing party may r nits expenses of sucb legal action including, but not limitedeto, its costs of litigation (whether taxed by the urt o not) and its r nable attorneys' fees (including fees generated on appeals) £iomothe other party. Article 16 - pulsion o nation of Members 16.1. E oulsi By the vote of two-thirds 12/3) of the ectozs s ing on the H and of D ectors, any Member may be expelled. Such expulsion m y be carried out for one or more of the fol loving reasons. 16.1.1. ailure to make any timely payments or assessments due to the eool. 16.1.2. Failure to undertake o ontinue loss reduction and prevention procedures adopted by the Pool. 16.1.3. ailure to allow the Pool i nable a to all facilities oFF the Member a all r ordsewhich relateeto the purpose, powers or Eunctioningdof theePOOl. t8 - 16.1.9, ailure to furnish full cooperation with the poi's attorneys, claims adjusters, the E cutive D ector and any a9ent~ employee, officer o independent contractor of the ool relating to the purpose, powers and proper functioning of the Pool. 16.1.5, ailure to c rry out any obligation of a Member which impairsrthe abilityaof the Pool, to carry out its purpose or powers or functions. 16.1.6. The Member has given the one (1) ye r notice described in Section 4.2 above. 16.2. Notice. No Member may be expelled e cept after notice from the Pool of the alleged failure along wi thxa nable opportunity of not less than thirty (30) days to c e the alleged failure. The Member m request a hearing before the e and before any decision r made as to whether the expulsion shall take place. The e ara shall set the date for a hearing which shall not be less than Fifteen (16) days after the expiration of the time to c e has passed. A decision by the fl and to expel a Member after notice and hearing and a failure to c e the alleged defect shall be final. The - and of Directors mayues-tablish the date at which the expulsion o£ the Member shall be effec ti ve at y time not less than sixty (601 days after the vote expelling the Member has been made by the H and of D ectors. iF the motion to expel the Member made by the H and of D ectors o 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 Hoard of Directors expelling the Member. 16.3. R sibilities of T hated Member. After expulsion oretermination whether voluntary o voluntary, the former Member snail continue to be fully responsible and obligated for its portion of c red claims against the Pool which < red claims w red during the term of its embership, along vitneanyr other unfulfilled obligations a if it still a Member of tree root. Tree expelled or termiaatea ember shall, after expulsion or termination, no longer be entitled to participate or vote on the Hoard of Drrec tors. 17.1. T nation. If, at the c reclusion o£ a y term of the Pool, the B ardrof D ectors votes to discontinue the e istence of the Pool i ordance with Section 6.9.9., then thex POOL shall cease itsaexistence at tree close of the then current fiscal continue [o meet on such a schedule as shall be necessary to out the termination o£ the affairs of the Pool. It i ontemplated that the and of D ectors m y be required tos on time to hold meetings for s substantial period of time r order to a omplish this task, ~ncluding the settlement of all n red claims i red 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 cool. 1].2. Post Terminati 'lities f Member. After termination o£ the Pool the Member shall continue to hold membership on the H aid of Directors but only for the purpose of voting o matters affecting their limited continuing interes{ in the Poolnfor such years as they w embers of the Pool. All Members upon a general terminationrofMthe Pool shall r n fully obligated for their portion of any c red claim and expenses against the Pool which w red o Bated during the term of their membership, along withnany other unfulfilled obligations, ncluding but not limited to calls for supplementary payments £or years of their membership which may be required and called £or in subsegvevt years. i witve whereof this agreement has been e toted by the Entityn G1ty of Inncwwd Florida The approval of the '~ forgoing agreement v sed by the Entity: Inn¢.rood Citv Camussion n the 5[h day of Deca~ber 19 94, and a ached hereto, I do Fereby e cute and the Ci[y Clerk does hereby attest to my signature a yiaence that -the I.onynxod cicv ~ mibsion Has appxo~ea and hereby becomes a bound signatory member of the "Intergovernmental Cooperative Agreement" for Public Risk nagement of Florida, a copy of which i attached Hereto, and which is pursuant to Florida Statutes Section 163.01, which commenced its term on October 1, 198]. ATTE T: City of ioergcood, Florida Ci z Clerk ~j ~- ~ Vez ldin Za~r-i. 0.'OC¢nNGef/ F~ Tnie ~ aay of 19p .