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<br />e <br /> <br />e <br /> <br />REOUEST FOR CITY COUNCIL AGENDA ITEM <br /> <br />Agenda Date Requested: <br /> <br />11-2~-87 <br /> <br />Requested By: Bob Herrera <br /> <br />Department: <br /> <br />City Mana~er <br /> <br />X Report <br /> <br />Resolution <br /> <br />Ordinance <br /> <br />Exhibits: <br /> <br />Doug Morena's Recommendation Memo <br />Letter from Bill Martin, President of Joseph Ivy Co. <br />Joseph Ivy Co. Proposal <br /> <br />SUMMARY & RECOMMENDATION <br /> <br />Under the City's renewed committment to more effectively <br />manage its exposures and finances, it is recommended that <br />the City enter into a professional services retainer agree- <br />ment with the Joseph Ivy Co. This firm specializes in <br />providing very specialized risk management services to <br />municipalities and will assist the Human Resources Division <br />in its efforts to develop a comprehensive risk management <br />p'rog ram. <br /> <br />As with most private industry, it is expected that a solid <br />risk management program will provide the City with reduced <br />expected and unexpected liabilities. These type of programs <br />have proven to be cost effective in private businesses by <br />recognizing exposures, minimizing the extent of liability and <br />tracking budgetary savings as a result of the actions <br />undertaken. <br /> <br />The City has budgeted $8,000 towards this service retainer <br />agreement and with Council approval shall begin the program <br />immediately. <br /> <br />Action Required by Council: <br /> <br />Approval of Risk Management Professional Services Retainer <br />Agreement with Joseph Ivy Co. <br /> <br />Availability of Funds: <br /> <br />x <br /> <br />General Fund <br />Capital Improvement <br />Other <br /> <br />Water/Wastewater <br />General Revenue Sharing <br /> <br />Account Number: 001-602-602-S04 <br /> <br />Funds Available: X- YES <br /> <br />NO <br /> <br />ApDroved for City Council Agenda <br /> <br />QJ.~ \. ~--' <br />Robert T. Herre~a <br />City Manager <br /> <br />\ \ l1L\ Ch L <br />. <br />DATE <br />