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<br />e <br /> <br />e <br /> <br />CITY OF LA PORTE <br />INTER-OFFICE MEMORANDUM <br /> <br />TO: Bob Herrera, City Manager <br />FROM: Doug de la Morena, Human Resources Manager~~ <br />DATE: 11-9-87 <br /> <br />RE: Risk Management Retainer Agreement <br /> <br />Pursuant to your charge that the City should more effectively <br />manage its risk exposures and resources, I strongly recommend that <br />the City enter into a professional services retainer agreement with <br />the Joseph Ivy Co. In the past year, the Human Resources Division <br />has begun laying the foundation for a more effective risk <br />management program but we do not possess the specialized expertise <br />nor staff support that the Joseph Ivy can provide. <br /> <br />Working together with Bill Martin and Francis Fye, I believe the <br />City will benefit tremendously by determining exposures and <br />establishing risk management and financing solutions to the many <br />exposures. By eliminating or transferring risks and exposures, the <br />City stands to benefit by reducing expected and unexpected <br />liabilities. <br /> <br />Risk Management and Financing is a rapidly growing field in the <br />private sector and taken quite seriously because it has proven <br />repeatedly that it is very cost effective. The potential also <br />exists in La Porte to prove that the $1,000 a month retainer fee <br />will be more than offset by reduced or avoided liabilities. The <br />contract with Joseph Ivy Co. is not to exceed the budgeted amount <br />of $8,000 in FY 87-88. <br />