HomeMy WebLinkAbout1981-030 CCRExhibit "A"
Member Gene Lhotka introduced the following resolution and
moved its adoption:
RESOLUTION NO. 81 -30
RESOLUTION AWARDING INSURANCE CONTRACTS
WHEREAS, the Director of Finance has sought insurance proposals for
the City's property, liability, and worker's compensation insurance coverage
from the Home Insurance Company (the current carrier) and the League of
Minnesota Cities Insurance Trust LMCIT), and liquor liability insurance
coverage from the Home Insurance Company and the Fred James Agency; and
WHEREAS, proposals were submitted to the City and they are summarized
and compared as follows:
LMCIT Home Insurance
Worker's compensation 74,321 78,693
Property, General Liability,
Crime, and Automobile 49,075 57,568
Liquor Liability (combined stores
single limit of $500,000) 16,664(a) (b)
$140,060 $136,261
(a) =Fred James Agency Proposal
(b)= Included in Property, General Liability, Crime, and
Automobile Proposal and
WHEREAS, the Fred James Agency submitted an alternate proposal for
single stores with a limit of $500,000 per store; and
WHEREAS, the Associated General Agency has requested that it be
continued as the City's Insurance Agent during 1981; and
WHEREAS, the City Council has determined that there is a need for the
League of Minnesota Cities Insurance Trust to encourage competition in the
municipal insurance market; and
WHEREAS, the City Council has determined that this competition will
result in insurance cost savings to Brooklyn Center and all Minnesota Cities
in future years:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Brooklyn Center to:
1. Accept the proposal and award an insurance contract to
the League of Minnesota Cities Insurance Trust LMCIT)
for worker's compensation, property, general liability,
crime, and automobile insurance for an estimated annual
premium of $123,396.
2. Accept the proposal and award an insurance contract to
the Fred James Agency for liquor liability insurance
for an estimated annual premium of $18,840.
RESOLUTION NO. 81 -30
3. Designate
insurance
Insurance
January 26, 1981
Date
the Associated General Agency as the City's
agent for the League of Minnesota Cities
Trust (LMCIT) policies.
Mayo
ATTEST:
v ale rkI
The motion for the adoption of the foregoing resolution was duly seconded by
member Celia Scott and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar, Gene Lhotka,
and Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.
1
I
L