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CITY OF RIVERSIDE <br />CITY COUNCIL <br /> <br />COUNCILMEMBERS <br /> <br />Minutes of: <br />Time of Meeting: <br />Place of Meeting: <br />Date of Meeting: <br /> <br />Special Meeting of the City Council <br />6:30 p.m. <br />Art Pick Council Chamber, City Hall <br />July 8, 2003 <br /> <br />WARDS <br /> <br />Roll Call: <br /> <br />Mayor Loveridge called the Special Meeting to order at 8:15 p.m. <br />DISCUSSION CALENDAR <br /> <br />EXCESS LIABILITY INSURANCE PROGRAM <br />Following discussion relative to the excess liability insurance program, the <br />City Council conceptually approved (1) issuance of bonds in the amount of $5 <br />million to be repaid over 10 years for the purpose of creating a liability self- <br />insurance fund; and (2) creation of a liability self-insurance fund, funded by <br />monies previously used for insurance premiums. <br /> <br />The City Council adjourned at 8:30 p.m. <br /> <br />Respectfully submitted, <br /> <br />COLLEFy~I J: ~qlCOL <br />City CI rk~_~/ <br /> <br />Present <br /> <br />Motion <br />Second <br />All Ayes <br /> <br />89-19 <br /> <br /> <br />