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HomeMy WebLinkAbout78-7-1599953 - ORDINANCE No. 78-7-1599 AN ORDINANCE AUTHORIZING THE CITY MANAGER TO PURCHASE WORKMEN'S COMPENSATION INSURANCE FOR THE EMPLOYEES OF THE CITY OF PADUCAH, KENTUCKY FOR 1978-1979 THROUGH THE KENTUCKY ASSOCIATION OF COUNTIES - KENTUCKY MUNICIPAL LEAGUE SELF INSURANCE FUND WHEREAS, the Kentucky Association of Counties and the Kentucky Municipal League have now established a self insurance fund which provides complete coverage in accordance with Kentucky Workmen's Compensation law for employees of municipalities, and WHEREAS, the aforesaid fund offers to the City of Paducah a substantial reduction in premiums as well as other benefits for improving its experience ratings, NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City Manager be, and he is hereby, authorized to purchase Workmen's Compensation insurance from the Kentucky Association of Counties - Kentucky Municipal League's self insurance fund, covering the employees of the City of Paducah, Kentucky, for a one year period, for a total annual estimated insurance premium of $152,375.00 and- such additional sums as may be required for payroll in- creases above the payroll for the preceeding year. SECTION 2. An emergency is declared to exist and this ordinance shall therefore be introduced and remain on file for public inspection for at least one week in the completed form in" Which it shall:..be -put upon its final _passage, .`and if- adopted shall be in full force- and :Pffer�,t -�imiriediately thereafter -.' =:. Mayor Introduced by the Board of Commissioners July 11, 1978 Passed by the Board of Commissioners July 25, 1978 Recorded by Louise McKinney, City Clerk, July 25, 1978.