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j a <br />I � <br />I• <br />t <br />THE CITY OF GREELEY, COLORADO <br />ORDINANCE NO. 18 , 1987 <br />AN ORDINANCE ADDING CHAPTER 4.18 TO THE GREELEY MUNICIPAL CODE <br />RELATING TO RISK MANAGEMENT, A SELF - INSURANCE PROGRAM INCLUDING <br />CLAIMS PROCESSING, LITIGATION, AND ESTABLISHMENT OF A CLAIMS <br />RESERVE FUND. <br />BE IT ORDAINED BY THE CITY COUNCIL OF GREELEY, COLORADO: <br />Section 1. Chapter 4.18 is hereby added to the Greeley <br />Municipal Code to read as follows: <br />Chapter 4.18 <br />RISK MANAGEMENT <br />4.18.010 Purpose and intent. A. The City <br />Counciv o the City of Greeley hereby recognizes that <br />there is an extraordinary need to address methods to _ <br />protect the City and its employees against claims <br />brought.under the provisions of the Colorado Govern- <br />mental Immunity Act and arising under Federal law. <br />B. The City Council recognizes,t4ie undesirable <br />consequences of uninsured liability- ,'f " �he City, <br />including failure to respond to t1tc{�" ous ,,Maims in a <br />timely fashion, and greater ul'tliit.�":tosta 6t., settle- <br />ment caused by failure to inve`ite ,a9Eaiis,n an <br />orderly and timely manner. The-tit,raun.3 declares, <br />therefore, that the appropriate r+gm 'i3' to create a <br />reserve fund for purposes of soVf7�. *nsarrance of the City <br />to the extent that insurance ctsy '*ratge has not been <br />obtained. The City Council deC] -ies that the purpose <br />of this Chapter 4.18 is to create a claims reserve <br />fund; provide a mechanism for claims adjustment, <br />investigation, and defense; and to authorize the <br />settlement and payment of claims and payment of <br />judgments rendered against the City for such claims or <br />judgments arising out of violation of federal law or <br />pursuant to any action which lies in tort or could lie <br />in tort regardless of whether that may be the type of <br />cause of action chosen by the claimant. The City <br />Council finds that, in order to adequately protect the <br />City and carry out these purposes, it is necessary to_ <br />authorize the Special Projects Manager to perform these <br />risk management services for the City. The City <br />Council further declares its intent to continuously <br />explore the availability of commercial liability <br />insurance policies of all types, including but not <br />limited to variable deductible amounts as a supplement <br />or in lieu of the self- insurance reserve fund herein <br />EXHIBIT A <br />107 <br />