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CC RESOLUTION 2632RESOLUTION NO, 2632 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, DESIGNATING OFFICERS TO APPROVE EX- PENDITURES BY INSURANCE TECHNOLOGY COMPANY, WHEREAS, the City of El Segundo has entered into an agreement with Insurance Technology Company; and WHEREAS, pursuant to that agreement the City is required to designate an administrative official to approve payments from city funds; NOW„ THEREFORE,, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, DOES RESOLVE AS FOLLOWS: SECTION 1. That the City Manager and the Director of Finance and each of them are hereby authorized to approve payments of compensation, medical expenses and other required benefits payable under the applicable Workers': Compensation .laws, together with "Allocated Loss Expense" out of funds provided by the City; provided, however, that no payment in excess of $10, 000.00 shall be made without first securing the approval of the City Council. SECTION 2. That the City Clerk shall certify to the passage and adoption of this resolution; shall enter the same in the book of original resolutions of said City; and shall make a minute of the passage and adoption thereof in the records of the proceedings of the City Council of said City, in the minutes of F the meeting at which the same is passed and adopted. PASSED, APPROVED and ADOPTED this 1st day of July , 1975. Mayor of the City of El Segundo., .. California ATTEST: City Clerk 40 (SEAL) 1_1 (1� 111; STATE OF CALIFORNIA COUNTY OF LOS ANGELES SS CITY OFEL SEGUNDO I, Valerie A. Burrowe s City Clerk of the City of El Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing Resolution, being Resolution No. 2632 was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City., all at a regular meeting of the said Council held on the Ist day of July 1975 and that the same was so passed and adopted by the following vote: AYES: Councilmen Nagel, Rockhold,. Stephens, Van Vranken and Mayor Balmer NOES: Councilmen A13SENT: Councilmen None WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY .'this 10th day of July 197 5 (SEAL) C7 • .-I If City Clerk of the City of El Segundo, California