HomeMy WebLinkAbout~Master - Approving the 1999/2000 Property and Liability Insurance Contracts with St. Paul Insurance Company RESOLUTION NO. 99-236
RESOLUTION APPROVING THE 1999/2000
PROPERTY AND LIABILITY INSURANCE CONTRACTS
WITH ST. PAUL INSURANCE COMPANY
FOR THE CITY OF AMES,IOWA
WHEREAS, the coverages for property, general liability, auto transit, law enforcement,
public officials,and excess insurance with The St.Paul Insurance Company expire on June 30, 1999;
and,
WHEREAS, this is the final year of a three-year agreement with St. Paul; and,
WHEREAS, The St. Paul Insurance Company has made a proposal which totals $527,826
and represents a 4.3% increase($21,602) over the final premium for the 1998/99 fiscal year(FY);
and,
WHEREAS, in developing the FY 1999/2000 budget last fall, staff anticipated increases in
premium and budgeted therefor.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames,Iowa,
that the proposal from The St. Paul Insurance Company/Reliance National for property,boiler and
machinery, general liability, excess, auto, transit, law enforcement, public officials, and employee
bond in the amount of$527,826 is hereby accepted.
ADOPTED THIS 22nd day of June, 1999.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Campbell
Seconded by: Hoffman
Voting aye: Campbell, Cross, Hoffman, Parks, Quirmbach, Wirth
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 22nd of June, 1999.