HomeMy WebLinkAbout1991-037 CCRMember Celia Scott introduced the following resolution and moved its
adoption:
1
RESOLUTION NO. 91 -37
RESOLUTION AWARDING LIQUOR LIABILITY INSURANCE CONTRACT
TO THE TRANSCONTINENTAL INSURANCE COMPANY
WHEREAS, the Director of Finance and the City's Insurance Agent have
requested proposals for the City's liquor liability insurance coverage; and
WHEREAS, proposals were received as follows:
Rate Per Estimated
Company $100 of Sales Annual Premium
Transcontinental Ins. Co. 0.9733
Empire Insurance Company 0.9566
$23,360
$22,960; and
WHEREAS, the City's insurance agent has recommended the acceptance
of the proposal of Transcontinental Insurance Company because, even though its
proposal is $400 more then the proposal of Empire, it is a financially stronger
company and is our current insurer.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center to accept the proposal of Transcontinental Insurance Company and
award it the insurance contract for the City's liquor liability insurance coverage
to be as follows:
Liquor Liability (Off -Sale)
$1,000,000 BI each person
$1,000,000 BI each occurrence
$1,000,000 PD each occurrence
$1,000,000 Loss of means of support each person
$1,000,000 Loss of means of support each occurrence
Estimated Annual Sales of $2,400,000
Estimated Annual Premium of $23,360
BE IT FURTHER RESOLVED that the Brandow Howard Kohler Rosenbloom,
Inc. (BHK &R) Agency be designated as the agent of record for said insurance
coverage.
February 11, 1991
Date
ATTEST:
Deputy Clerk U
whereupon said resolution was declared duly passed and adopted.
Todd Paulson, Mayor
The motion for the adoption of the foregoing resolution was duly seconded by
member Jerry Pedlar
11111 and upon vote being taken thereon, the following
voted in favor thereof: Todd Paulson, Celia Scott, Jerry Pedlar,
Dave Rosene, and Philip Cohen;
a nd the following voted against the same: none,