01-0396R

RESOLUTION AUTHORIZING EXECUTION OF AN AGREEMENT WITH THE SPIRIT MOUNTAIN RECREATION AREA AUTHORITY REGARDING PARTICIPATION BY THE AUTHORITY IN THE CITY'S SELF INSURANCE FUND DURING 2001.

BY COUNCILOR NESS:

        RESOLVED, that the proper city officials are hereby authorized to execute an agreement with the Spirit Mountain recreation area authority which allows the authority to participate during 2001 in the city's self insurance fund for purposes of general liability, workers' compensation and employee honesty bond coverage, which agreement shall be substantially in the form of Public Document No. __________________, on file in the office of the city clerk; funds will be deposited to 0605-036-1658.



STATEMENT OF PURPOSE:  This resolution approves an agreement with Spirit Mountain which sets forth the terms and conditions of its participation in the city's self insurance fund for workers' compensation and honesty bond coverage during 2001. With respect to liability coverage (which does not include liquor liability), Spirit Mountain retains the responsibility for the first $50,000 of loss in any occurrence.