7604-01 BCS Retrospective Rating Plan

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REFERRED TO FINANCE CMTE 11/5/01. RESOLUTION NO. 7604-01 BY: Corrigan, FitzGerald, George, Roth, Seelie, Skindell, Smith. AN EMERGENCY RESOLUTION authorizing the Director of Finance to enter into an agreement to apply to The Ohio Bureau of Workers' Compensation to participate in a Retrospective Rating Plan for the City of Lakewood. WHEREAS, the Retrospective Rating Plan offered by the Ohio Bureau of Workers' Compensation is a form of self-insurance, and has resulted in significant savings in the years the City has utilized it and WHEREAS, this Council by a vote of at least five members elected thereto determines that this resolution is an emergency measure, and that this resolution shall take effect at the earliest date possible as set forth in ARTICLE III, SECTIONS 10 and 13of the SECOND AMENDED CHARTER OF THE CITY OF LAKEWOOD, and that it is necessary to provide for the usual daily operation of the City in that the Ohio Bureau of Workers' Compensation must receive the City's application for the Retrospective Rating Plan by November 30, 2001. NoW therefore, BE IT RESOLVED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That the Director of Finance shall be and is hereby authorized to enter into an agreement with The Ohio, Bureau of Workers' Compensation to participate in a Retrospective Rating Plan for workers' compensation, coverage for the employees of the City of Lakewood for the 2002 policy year in accordance with applicable provisions of the Ohio Revised Code and the Codified Ordinances of the City of Lakewood. Section 2. It is found and determined that all formal actions of this Council concerning and relating to the passage of this resolution were adopted in an open meeting of this Council, and that all such deliberations of this Council and any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements. Section 3. That this Resolution is hereby declared to be an emergency measure necessary for the usual daily operation of City for the reasons set forth in the preamble to this Resolution, and provided it receives the affirmative vote of at least five of its members elected to Council, this Resolution shall take effect and be in force immediately upon its adoption by the Council and approval by the Mayor otherwise, it shall take effect and be in force after the earliest period allowed by law. Adopted: ~')/%','-~/'~' /7, 2~ ~ / PreSident of Council Mayor