HomeMy WebLinkAboutReso 1981-10501
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RESOLUTION NO.
1050]
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA AWARDING PUBLIC LIABILITY INSURANCE COVERAGE
TO CANADIAN INDEMNITY
The City Council of the City of Chula Vista does ordain
as follows:
WHEREAS, the current public liability insurance policy of
the City of Chula Vista provides for a self-insured retention in
the amount of $500,000, and
WHEREAS, the firm of Warren, McVeigh & Griffin, Risk
Management Consultants, have recommended that the present
retention level of $500,000 be retained, and
WHEREAS, the following bids for said $500,000 retention
program were received:
Ccmpany
Canadian Idemnity(l)
Admiral Insurance(l)
Premiums
Primary Excess
Total
15,000
10,000
25,000
18,060
10,000
28,062(2)
National Union &
Covenant Mutual
Combined
29,946
(1) Excess insurance can be provided by either New England
Reinsurance Corporation or Old Republic Insurance Company
at a cost of $10,000 per year.
(2) Includes state taxes and stamping fee for Admiral
Insurance Company
WHEREAS, it is reccmmended that coverage be awarded to
Cana dian Indemnity for a total cost of $25,000.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does hereby award the public liability
insurance coverage to Canadian Indemnity for a cost of $25,000.
Presented by Approved
~.-4 K' ~~c/ ~
'Gordon K. Grant, Director of George D. Lindberg, City Attorney
Finance
....
./-:-
\~ .
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this
16ttt
day of
June
19 81 ,by the fallowing vote, to-wit:
AYES:
NAYES;
ABSTAIN:
Councilmen:
Gil1ow, Cox, McCand1iss, Scott
Councilmen :
None
Councilmen :
None
ABSENT:
Councilmen :
Mayor Hyde
:f.JA) (. J--
ATTEdb-<<~;' >>t cfi.&A~
City Clerk
MAYOR PRO TEMPORE
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) s s.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is 0 full, true and correct copy of
RESOLUTION NO. 10501
,and that the some has not been amended or repealed.
DATED
(seal)
City Clerk
CC-660 - MpT
10 liD I