HomeMy WebLinkAbout~Master - Boiler and Machinery Insurance Coverages with CNA Insurance RESOLUTION NO. 00-312
RESOLUTION APPROVING PLACEMENT OF
BOILER AND MACHINERY COVERAGES WITH
CNA INSURANCE AT AN ANNUAL PREMIUM OF $90,000
FOR THE CITY OF AMES,IOWA
WHEREAS, the coverage for Boiler and Machinery expires on June 30, 2000; and,
WHEREAS, Boiler and Machinery is a form of commercial property coverage that covers
pressurized equipment/vessels and breakdown of electrical and mechanical devices; and,
WHEREAS, in the case of the City of Ames, it provides coverage for the#7 and#8 boilers
and turbines at the Electric utility, as well as other smaller vessels; and,
WHEREAS, staff secured quotations for coverages; and,
WHEREAS, staff is recommending that the City purchase Boiler and Machinery coverage
from CNA Insurance in the amount of$90,000; and,
WHEREAS, the entire increase in premium will come from the available balance in the
Electric Fund.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the placement of Boiler and Machinery coverages with CNA Insurance at an annual premium
of$90,000 is hereby approved.
ADOPTED THIS 27th day of June, 2000.
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Wirth
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.