DENALI BOROUGH, ALASKA

RESOLUTION NO. 93-07

A RESOLUTION TO AUTHORIZE THE EXECUTION OF A COOPERATIVE

PARTICIPATION AGREEMENT AMONG ALASKA MUNICIPALITIES AND SCHOOL

DISTRICTS CREATING THE ALASKA MUNICIPAL LEAGUE JOINT

INSURANCE ARRANGEMENT.

WHEREAS, Alaska local governments and school districts have generally been unable to procure adequate insurance coverage at reasonable prices; and,

WHEREAS, AS 21.76 enacted by the 1986 Alaska Legislature provides a means for local governments and school districts to join together in a joint insurance arrangement intended to mitigate the cyclical and erratic nature of the conventional insurance market; and,

WHEREAS, a not-for-profit Association has been established pursuant to AS 21.76 by the Alaska Municipal League to provide risk management services for Alaska municipalities, city and borough school districts and regional education attendance areas; and,

WHEREAS, this Association will provide pooling of risks, self-insurance management, joint purchase of insurance, claims administration, loss prevention and control, insurance defense and other related risk management services on behalf of its members; and,

WHEREAS, AS 21.76.010 provides that two or more local governmental entities may enter into cooperative agreements for these purposes;

AND WHEREAS, the Borough wishes to participate in the Joint Insurance Arrangement;

BE IT RESOLVED: that the Denali Borough hereby indicates its commitment to become a member of the Alaska Municipal League Joint Insurance Association, organized pursuant to AS 21.76. By making this commitment the Borough Assembly hereby accepts and approves the bylaws of the Association, a copy of which is available for reference.

BE IT FURTHER RESOLVED: that the Borough Assembly hereby approves a Cooperative Participation Agreement (hereinafter the "Agreement") among municipalities, school districts and regional educational attendance areas creating the Alaska Municipal League Joint Insurance Association, a copy of which is available for reference. The Mayor is hereby authorized and directed to execute said "Agreement" and such other documents as may be necessary to effectuate participation of the Borough as a member of the Joint Insurance Association.

BE IT FURTHER RESOLVED: that the Borough Assembly pledges to appropriate sufficient funds for annual premiums and assessments under the "Agreement". The "Agreement" will go into effect upon receipt by the Association of a signed copy of this resolution and a signed "Agreement". Amounts payable to the Association, as encumbered by the "Agreement", shall be classified as "operating expenses" and are subject to annual appropriation by the Borough Assembly.

PASSED and APPROVED by the DENALI BOROUGH ASSEMBLY this 11th day of July, 1993.

SIGNATURE ON FILE

Mayor

ATTEST: SIGNATURE ON FILE

Borough Clerk