HomeMy WebLinkAbout~Master - Renewal of City's Membership in Iowa Communities Assurance Pool (ICAP) RESOLUTION NO. 24-358
RESOLUTION APPROVING RENEWAL OF THE CITY'S MEMBERSHIP IN THE
IOWA COMMUNITIES ASSURANCE POOL (ICAP)
FOR THE HUMAN RESOURCES DEPARTMENT, CITY OF AMES, IOWA
WHEREAS, the City has been a member of ICAP since July 1, 2004, and secures its
casualty and liability coverages through this membership. ICAP provides similar protection to
approximately 300 cities, 70 counties, 50 fair boards, and over 250 other public entities. ICAP is
a member-owned and funded group insurance pool for Iowa public entities.
IT IS THEREFORE RESOLVED by the City Council of the City of Ames, Iowa, as
follows:
Section 1: Renewal is made as follows:
Membership in the Iowa Communities Assurance Pool (ICAP) for FY 2024/25,
with the cost not to exceed $801,832 for the coverages indicated below:
General Liability ($2,000,000) $252,838
Bond, incl. fee $4,683
Automobile ($2,000,000) $258,342
Public Officials ($2,000,000) $66,918
Law Enforcement($2,000,000) $45,976
Bookmobile Damage ($261,300) $1,232
Excess Liability($13,000,000) $171,843
Total Invoice Cost $801,832
Section 2: The City Manager and City Clerk are authorized to execute said renewal for
and on behalf of the City of Ames, Iowa, and to affix the corporate seal of the City thereto.
Section 3: All resolutions or orders or parts thereof in conflict herewith are hereby
repealed to the extent of such conflict.
ADOPTED THIS 25th day of June, 2024.
Renee Vall, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Junck
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Junck, Rollins
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 25th day of June, 2024.