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RESOLUTION NO. 7 2 6 3- 9 7 <br /> <br />BY: Corrigan, Plannery, George, <br /> Roth, Seelie, Smith <br /> <br /> A RESOLUTION authorizing the Director of Finance to enter into an agreement with <br />the State of Ohio, Bureau of Workers' Compensation for a Retrospective Rating Plan for the City <br />of Lakewood. <br /> <br /> WHEREAS, the overall cost of the payment for Workers' Compensation by the City of <br />Lakewood had been increasing at an alarming rate, and <br /> <br /> WHEREAS, the Retrospective Rating Plan as offered by the State of Ohio for Workers' <br />Compensation is a form of self-insurance, and has resulted in significant savings in the years the <br />City has utilized it; now therefore, <br /> <br />BE IT RESOLVED BY THE CITY OF LAKEWOOD, STATE OF OHIO: <br /> <br /> Section 1. The Director of Finance shall be and she is hereby authorized to enter into an <br />'agreement with the State of Ohio, Bureau of Workers' Compensation for a Retrospective Rating <br /> Plan for Workers' Compensation coverage for employees of the City of Lakewood in accordance <br /> with applicable provisions of State law and the Codified Ordinances of the City of Lakewood. <br /> <br /> Section 2. It is found and determined that all formal actions of this Council concerning <br />and relating to the passage of this resolution were adopted in an open meeting of this Council, <br />and that all such deliberations of this Council and of any of its committee that resulted in such <br />formal action were in meetings open to the public in compliance with all legal requirements. <br /> <br /> Section 3. <br />period allowed by law. <br /> <br />That this resolution shall take effect and be in force from and after the earliest <br /> <br />Adopted: <br /> <br />Approved:~(~l/~4~) ~/t/fi'7 ~ <br /> <br />President <br /> <br />~v.t.~or <br /> <br /> <br />