HomeMy WebLinkAbout1987-008 CCRMember Celia Scott introduced the following resolution and
moved its adoption:
RESOLUTION NO. 87 -08
RESOLUTION AWARDING INSURANCE CONTRACTS
WHEREAS, the Director of Finance has negotiated annual renewal premiums
for the City's property, liability, workers' compensation, liquor liability,
boiler and machinery, and other insurance coverages, and they are as follows:
League of Minnesota Cities insurance Trust (LMCIT):
Property 20,981
Inland Marine 6,407
General Liability 45,431
Errors and Omissions 12,236
Automobile Liability 29,479
UM /UIM 1,066
Automobile Physical Damage 11,979
Bonds 3,797
Workers' Compensation 141,092
$272,468
Transcontinental Insurance Company:
Liquor Liability (Off -Sale) 22,000
The Hartford Steam Boiler Inspection Insurance Co.:
Boiler and Machinery 2,099
Total $296,567 and
WHERAS, The City Council has committed its support to the League of
Minnesota Cities Insurance Trust Program to encourage competition in the
Municipal insurance market and has determined that this competition has and will
continue to result in insurance cost savings to Brooklyn Center and all Minnesota
cities in future years; and
WHEREAS, the renewal proposals for the liquor liability and boiler and
machinery coverages are the only proposals currently available.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center to accept the negotiated insurance renewals and award contracts
as stated; and
BE IT FURTHER RESOLVED that the Jerome Coughlin Agency be designated
as the agent of record for said insurance coverages.
1
Resolution No. 87 -08
ATTEST:
January 12, 1987
Date
Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
member Bill Hawes and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Gene Lhotka, Celia Scott, Bill Hawes,
and Rich Theis;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.