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Home My WebLink About1978-283 CCR Member Gene Lhotka introduced the following resolution and moved its adoption: RESOLUTION NO. 78 -283 RESOLUTION RENEWING INSURANCE CONTRACT WHEREAS, the City of Brooklyn Center sought proposals in the year 1977 for certain insurance coverages for a period of three years to commence January 1, 1978; and WHEREAS, only one proposal was received and that proposal was submitted by the Associated General Agency for the Home Insurance Company; and WHEREAS, that proposal was for a period of one year with the option to renew annually at negotiable premium renewal rates; and WHEREAS, the City Council accepted the proposal and awarded an insurance contract to the Associated General Agency and the Home Insurance Company; and WHEREAS, the Director of Finance has negotiated a renewal rate for the calendar year 1979 which reflects an approximate ten percent decrease in insurance rates; 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 its insurance contract for the period commencing January 1, 1979 for one year as follows: 1. Packaqe Insurance (public liability; property; steam boiler and breakdown; fidelity, faithful performance and forgery; money and securities destruc- tion and disapperance; business interruption; dram shop liability) Estimated annual premium $76,381.00 2. Automobile Insurance (automobile liability, vehicle collision and com- prehensive) Estimated annual premium $20,576.00 December 4, 1978 10 K" Date Mayor ATTEST: Clerk RESOLUTION NO. 78-283 The motion for the adoption of the foregoing resolution was duly seconded by member Tony Kuefler 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.