HomeMy WebLinkAbout~Master - Renewal of contract for property coverage and boiler & machinery coverage RESOLUTION NO. 10-270
RESOLUTION APPROVING CONTRACT FOR
PROPERTY AND BOILER AND MACHINERY COVERAGE
FOR FY 2010/11
FOR THE CITY OF AMES
WHEREAS, the insurance policy for the City's property(building and contents)and boiler
and machinery coverage expires on June 30, 2010, and FM Global has provided this coverage for
the past six fiscal years; and,
WHEREAS,the relationship with FM Global continues to be acceptable for both parties,and
FM Global has provided helpful assistance with the City's ongoing loss control initiatives; and,
WHEREAS, deductibles for this coverage have not changed from 2009/10 to 2010/11.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the proposal from FM Global for property coverage and boiler and machinery coverage during
fiscal year 2010/11 in the amount of$475,975.00 is hereby approved.
ADOPTED THIS 8`' day of June, 2010.
. LO-J,& A.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Goodman
Seconded by: Davis
Voting aye: Davis, Goodman, Larson, Orazem, Wacha
Voting nay: None Absent: Mahayni
Resolution declared adopted and signed by the Mayor this 8th day of June, 2010.