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HomeMy WebLinkAbout1994-040 CCR1 1 Member Celia Scott introduced the following resolution and moved its adoption: RESOLUTION NO. 94 -40 RESOLUTION AWARDING VARIOUS CITY INSURANCE CONTRACTS WHEREAS, the Director of Finance and the City's Insurance Agent have negotiated annual renewal premiums for the City's comprehensive municipal property and casualty, liquor liability, boiler and machinery, and workers' compensation insurance coverage for the period from January 1, 1994 to January 1, 1995 and they are as follows: 1. Comprehensive Municipal Property and Casualty Insurance from the League of Minnesota Cities Insurance Trust LMCIT) Property 28,117 Inland Marine 3,350 Misc Equipment on Vehicles 1,111 General Liability 162,974 Automobile Liability 14,576 Automobile Physical Damage 10,015 Crime 875 Bonds 5,521 Estimated Total Annual Premium $226,539 2. Workers' Compensation Insurance from the League of Minnesota Cities Insurance Trust (LMCIT): Total Annual Estimated Premium $179,482 3. Boiler and Machinery Insurance from the Hartford Steam Boiler Inspection Insurance Company: Total Annual Premium 4,823 4. Accident Plan for Volunteers Total Annual Premium 2,175 5. Open Meeting Law Defense Total Annual Premium 2,445 and 1 1 RESOLUTION NO. 94 -40 WHEREAS, Brandow Howard Kohler Rosenbloom, Inc. (BHK &R) has been the City's insurance agent since January 1, 1990 on a fee- for services basis, has provided good agent services to the City of Brooklyn Center, and wishes to extend the agreement for services or another year; and WHEREAS, American Risk Services, Inc. has been retained as the City's insurance consultant since June of 1988 on a contract for services, has provided good consulting services to the City of Brooklyn Center, and wishes to extend the contract for consulting services for another year. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Brooklyn Center to: 1. Accept the negotiated insurance renewals and award the contracts as stated. 2. Designate the Brandow, Howard Kohler Rosenbloom, Inc. (BHK &R) Agency as the agent of record for said insurance. 3. Renew the fee for services contract as City insurance agent with BHK &R for the period of January 1, 1994 through December 31, 1994 at an annual fee of $8,600. 4. Renew the contract for consulting services with American Risk Services, Inc. for the period of March 1, 1994 through February 28, 1995 at an annual rate of $5,340. 5. Reduce the appropriation in the Contingency Account in the Unallocated Department by $38,200. 6. Increase the appropriations for insurance premiums in the Unallocated Department as follows: March 14, 1994 Liability insurance Property insurance Boiler Machinery insurance $35,500 1,100 1,600 $38,200 Date Todd Paulson, Mayor ATTEST: A6n.m14AAT61-6X Deputy Clerk 1 1 RESOLUTION NO. 94 -40 The motion for the adoption of the foregoing resolution was duly seconded by member Barb Kalligher and upon vote being taken thereon, the following voted in favor thereof: Todd Paulson, Celia Scott, Dave Rosene, Barb Kalligher, and Kristen Mann; and the following voted against the same: none, whereupon said resolution was declared duly passed and adopted.