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REFERRED TO FINANCE COMMITTEE 10/18/93. <br /> <br />RESOLUTION NO. 6882-93 <br /> <br /> BY: Boscia, Gallagher, <br />George, Gibbons, Roth, Seelie, Smith <br /> <br /> A RESOLUTION authorizing the Director of Finance to enter into <br />an agreement with the State of Ohio, Bureau of Workers' Compensation <br />for a Retrospective Rating plan for the City of Lakewood. <br /> <br /> WHEREAS, the overall cost of the <br />Compensation by the City of Lakewood had <br />alarming rate, and <br /> <br />payments for Worker's <br />been increasing at an <br /> <br /> WHEREAS, the State Legislature adopted, and the Ohio Bureau of <br />Workers' Compensation offers, a program to reduce overall costs of <br />Workers' Compensation called Retrospective Rating, and <br /> <br /> WHEREAS, The Retrospective Rating plan as offered by the State of <br />Ohio for Workers' Compensation is a form of self-insurance, and has <br />resulted in significant savings in the years the City has utilized it; <br />now therefore, <br /> <br />BE IT RESOLVED BY THE CITY OF LAKEWOOD, STATE OF OHIO: <br /> <br /> Section 1. The the Director of Finance shall be and he is herebY <br />authorized to enter into an agreement with the State of Ohio, Bureau <br />of Workers' Compensation for a Retrospective Rating plan for Workers' <br />Compensation coverage for employees of the City of Lakewood in <br />accordance with applicable provisions of State law and the Codified <br />Ordinances of the City of Lakewood. <br /> <br /> Section 2. It is found and determined that all formal actions of <br />this Council concerning and relating to the passage of this resolution <br />were adopted in an open meeting of this Council, and that all such <br />deliberations of this Council and of any of its committees that <br />resulted in such formal action were in meetings open to the public in <br />compliance with all legal requirements. <br /> <br /> Section 3. That this resolution shall take effect and be in <br />force from and after the earliest period allowed by law. <br /> <br />Clerk <br /> <br /> <br />