HomeMy WebLinkAbout~Master - Renewal of membership in Iowa Community Assurances Pool RESOLUTION NO. 16-333
RESOLUTION APPROVING RENEWAL OF MEMBERSHIP IN
IOWA COMMUNITY ASSURANCES POOL (ICAP)
FOR THE CITY OF AMES
WHEREAS,the City's annual membership in the Iowa Community Assurances Pool(ICAP)
expires on June 30, 2016, and the City has been a member of the pool since July 2004 and secures
its casualty and liability coverages through this membership; and,
WHEREAS, ICAP provides similar protection to approximately 300 cities, 70 counties, 50
fair boards, and over 250 other public entities in the state; and,
WHEREAS, ICAP was established in 1986 under the Iowa Code as a member-owned and
funded group insurance pool for Iowa public entities; and,
WHEREAS,the following City coverages are provided by ICAP: General Liability,Vehicle
and Transit Bus Liability, Bookmobile Physical Damage, Public Officials Wrongful Acts, Police
Professional Liability, and Employee Theft; and,
WHEREAS, City staff does not routinely seek alternatives to this program each year, and
membership in the ICAP pool is a long-term commitment based on the fundamentals of rate stability,
availability of coverages meeting the City's needs,and the quality of services from underwriting,loss
control, and claims; and,
WHEREAS, the quote for coverages is a 7.5% increase over the invoice amount for FY
2015/16; the largest area of increase is in automobile coverage(11%),where the City has added an
additional 16 covered vehicles to the coverage.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the renewal of the City's membership in the Iowa Communities Assurance Pool at a net cost of
$510,178.30 for the aforementioned coverages is hereby approved.
ADOPTED THIS 14th day of June, 2016.
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Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Nelson
Seconded by: Betcher
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin,Nelson, Orazem
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 14t''day of June, 2016.