HomeMy WebLinkAbout~Master - Renewal of property and boiler/machinery insurance coverages RESOLUTION NO. 03-252
RESOLUTION APPROVING RENEWAL OF
PROPERTY AND BOILER/MACHINERY COVERAGES
FOR THE CITY OF AMES
WHEREAS, the policy for the City's property (buildings and contents) and boiler and
machinery coverages with AIG/Hartford Steam Boiler expires on July 1, 2003; and,
WHEREAS, staff is pleased that the renewal numbers for the property and boiler/machinery
coverages for 2003/04 have once again returned to stable levels; and,
WHEREAS, as alternatives to the basic plan,AIG/Hartford Steam Boiler has proposed two
enhancements dealing with increased coverage limits and acts of terrorism.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the proposed renewal for property and boiler/machinery coverages from AIG/Hartford Steam
Boiler with increased valuation and terrorism coverage in the amount of $415,362 is hereby
approved.
ADOPTED THIS 24th day of June, 2003.
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Diane R. Voss, City Clerk Ted Tedesco, Mayor
Introduced by: Goodhue
Seconded by: Wirth
Voting aye: Cross, Goodhue, Mahayni, Vegge, Wirth
Voting nay: None Absent: Hoffman
Resolution declared adopted and signed by the Mayor this 24th of June, 2003.