HomeMy WebLinkAbout~Master - Renewal of casualty and liability insurance coverages RESOLUTION NO. 07-283
RESOLUTION APPROVING RENEWAL OF CASUALTY AND LIABILITY
INSURANCE COVERAGES
FOR THE CITY OF AMES
WHEREAS,the policy for the City's liability coverage expires on July 1,2007,and the coverage
has been placed with the Iowa Communities Assurance Pool (ICAP) since July 1, 2004; and,
WHEREAS, ICAP is an affiliate of the Iowa League of Cities, and with this renewal, the City
will have four years experience in the ICAP Program; and,
WHEREAS, the following coverages are a part of the program: general liability, automobile
liability, transit(CyRide), public officials, law enforcement activities, and excess liability; and,
WHEREAS, staff did not seek alternatives to this program, and the relationship with ICAP
continues to be a good one; and,
WHEREAS, the renewal quotation costs for FY 2007/08 will be $386,604.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,that
the renewal proposal from the Iowa Communities Assurance Pool for casualty and liability insurance
coverages in the amount of$386,604 is hereby approved.
ADOPTED THIS 12th day of June, 2007.
Lxd& A. X/.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Rice
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 12t'day of June, 2007.