HomeMy WebLinkAbout1979-293 CCRMember Tony Kuefler introduced the following resolution
and moved its adoption:
RESOLUTION NO. 79 -293
RESOLUTION RENEWING INSURANCE CONTRACTS
WHEREAS, the City of Brooklyn Center awarded an insurance contract
in 1977 to the Associated General Agency and the Home Insurance Company for
certain insurance coverages for a period of one year commencing January 1,
1980 with the option to renew for two additional years at annual negotiable
premium renewal rates; and
WHEREAS, the City also awarded an insurance contract to the Towle
Agency and Belefonte Underwriters to provide additional liquor liability
coverage; and
WHEREAS, the Director of Finance has negotiated a renewal premium
rate for the calendar year 1980 with the Home Insurance Company which
reflects an approximate ten percent decrease from 1979 rates; and
WHEREAS, the Home Insurance Company has offered to provide the
additional liquor liability coverage needed at the same renewal premium
rate; and
WHEREAS, the City currently has an insurance contract with the
Associated General Agency and the Home Insurance Company for Workers'
Compensation insurance coverage through June 30, 1980, and wishes to
convert the policy to a calendar year basis so that it might be bid with
other City insurance coverage; and
WHEREAS, the Director of Finance has advised the City Council
that no other insurance carrier has expressed an interest in submitting
a proposal to the City for its insurance coverages:
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of Brooklyn Center to accept the proposal of the Associated General Agency
and the Home Insurance Company and renew their insurance contract for the
period commencing January 1, 1980 for one year as follows:
1. Package Insurance (Public liability; property;
steamboiler and breakdown; fidelity, faithful
performance and forgery; money and securities
destruction and disapperance; business inter-
ruption; liquor liability)
Estimated Annual Premium, $76,381.00.
2. Automobile Insurance (Automobile liability;
vehicle collision and comprehensive)
Estimated Annual Premium, $20,576.00.
BE IT FURTHER RESOLVED to accept the proposal of the Home Insurance
Company to add excess liquor liability insurance at an estimated annual
premium of $2,072.00.
BE IT FURTHER RESOLVED to extend the Workers' Compensation insurance
contract with Associated General Agency and the Home Insurance Company through
December 31, 1980.
RESOLUTION NO. 79 -293
December 17, 1979 y
Date
ATTEST:
Clerk
May
11
The motion for the adoption of the foregoing resolution was duly seconded by
member Bill Fignar and upon vote being taken thereon, the following
voted in favor thereof: Dean Nyquist, Tony Kuefler, Bill Fignar, and
Celia Scott;
and the following voted against the same: none,
whereupon said resolution was declared duly passed and adopted.