HomeMy WebLinkAbout~Master - Property, boiler, and machinery insurance coverage RESOLUTION NO. 02-371
RESOLUTION APPROVING PLACEMENT OF
PROPERTY, BOILER AND MACHINERY COVERAGES WITH
AIG-HARTFORD STEAM BOILER AT AN
ANNUAL PREMIUM OF $381,689
FOR THE CITY OF AMES, IOWA
WHEREAS, the policy for the City's property (buildings and contents) and boiler and
machinery coverages expires on July 1, 2002; and,
WHEREAS, the coverage is currently with AIG-Hartford Steam Boiler; and,
WHEREAS, staff secured quotations for coverages; and,
WHEREAS, staff is recommending that the City purchase Property, Boiler and Machinery
coverage from AIG-Hartford Steam Boiler in the amount of$381,689.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the placement of Property, Boiler and Machinery coverages with AIG-Hartford Steam Boiler
at an annual premium of$381,689 is hereby approved.
ADOPTED THIS 25th day of June, 2002.
11,.0
Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Cross
Voting aye: Cross, Goodhue, Quirmbach, Vegge, Wirth
Voting nay: None Absent: Hoffinan
Resolution declared adopted and signed by the Mayor this 25th day of June, 2002.