HomeMy WebLinkAbout~Master - Renewal of Property and Liability Insurance with St. Paul Insurance Company RESOLUTION NO. 00-311
RESOLUTION APPROVING RENEWAL OF
PROPERTY AND LIABILITY INSURANCE
WITH ST. PAUL INSURANCE COMPANY
FOR THE CITY OF AMES,IOWA
WHEREAS, the coverages for property, general liability, auto/transit, law enforcement,
public officials, employee dishonesty-bond, and excess insurance with The St. Paul Insurance
Company expire on June 30, 2000; and,
WHEREAS, this is the final year of a two-year agreement; and,
WHEREAS, City staff explored the availability of other markets for the City's insurance
coverages; and,
WHEREAS, staff carefully reviewed the proposals and believes that the renewal proposal
from St. Paul is the most prudent option; and,
WHEREAS, the increase in premium for the property insurance will come from available
Electric and Water Enterprise funds.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the renewal of the General Liability, Auto, Transit, Public Officials, Bond (Employee
Dishonesty), Law Enforcement, Excess, and Property in the amount of$496,231 from St. Paul
Insurance Company is hereby approved.
ADOPTED THIS 27th day of June, 2000.
•
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Cross
Seconded by: Hoffman
Voting aye: Cross, Goodhue, Hoffinan, Quirmbach, Wirth
Voting nay: None Absent: Campbell
Resolution declared adopted and signed by the Mayor this 27th day of June, 2000.