HomeMy WebLinkAbout~Master - Contract renewal for casualty and liability insurance coverages RESOLUTION NO. 09-299
RESOLUTION APPROVING RENEWAL OF CONTRACT FOR CASUALTY AND
LIABILITY INSURANCE COVERAGES
FOR THE CITY OF AMES
WHEREAS, the policy for the City's liability coverage expires on July 1, 2009, and the
coverage has been in place with the Iowa Communities Assurance Pool(ICAP) since July 1, 2004;
and,
WHEREAS, the following coverages are part of the program provided by ICAP: 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,at the end of the 2009/10 fiscal year,the City will have approximately$769,000
in its cumulative reserve fund, and if fully vested in July 201, the City will be eligible for
membership rebates starting in 2011.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the renewal of casualty and liability insurance coverages in the amount of$424,075 with the
Iowa Communities Assurance Pool is hereby approved.
ADOPTED THIS 23rd day of June, 2009.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Doll
Seconded by: Goodman
Voting aye: Doll, Goodman, Larson, Mahayni, Popken, Rice
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 23' day of June, 2009.