HomeMy WebLinkAboutReso 1978-9055i.,
RESOLUTION NO. 9055
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA
VISTA ACCEPTING BIDS AND AWARDING CONTRACT FOR
WORKER'S COMPENSATION EXCESS INSURANCE
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, the following five bids were received and opened
at 10:00 a.m. on the 10th day of March, 1978, in the Office of the
Director of Finance of the City of Chula Vista for excess Worker's
Compensation insurance:
Company Bids
1. Employers Reinsurance Corporation
$1,000,000 excess of $200,000 S.I.R.
Rate .2466 per $100 of payroll
Deposit Bid $20,000
2. National Union Insurance Company (Present Carrier)
$1,000,000 excess of $250,000 S.I.R.
Rate .186 per $100 of payroll
Minimum and Deposit Bid 15,000
3. Employers Reinsurance Corporation
$1,000,000 excess of $250,000 S.I.R.
Rate .185 per $100 of payroll
Deposit Bid 15,000
4. Employers Reinsurance Corporation
$2,000,000 excess of $250,000 S.I.R.
Rate .2158 per $100 of payroll
Deposit Bid 17,500
5. Employers Reinsurance Corporation
$2,000,000 excess of $200,000 S.I.R.
Rate .2836 per $100 of payroll
Deposit Bid 23,000
and
WHEREAS, after a review of the bids received, the City's
claims administrators, R. L. Kautz and Company, and the Director of
Finance have recommended that the contract be awarded to Employers
Reinsurance Corporation as listed in No. 5 above, who have assured
the City that they are a licensed broker in the State of California.
NOW, THEREFORE, BE IT RESOLVED that the City Council of
the City of Chula Vista does hereby accept said five bids, and does
hereby award the contract for said Worker's Compensation excess
insurance to Employers Reinsurance Corporation in the amount of
$23,000 to be completed in accordance with the specifications as
approved by the Director of Finance of the City of Chula Vista.
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BE IT FURTHER RESOLVED that the City Council does hereby
appropriate the sum of $7,900 from the unencumbered balance of the
General Fund Reserve for the purpose set forth hereinabove.
BE IT FURTHER RESOLVED that the Director of Finance of
the City of Chula Vista be, and he is hereby authorized and directed
to execute said contract for and on behalf of the City of Chula Vista.
Presented by
,C1-tf~fi+~- ~~
Gordon K. Grant, Director of
Finance
ADOP~i`ED AND APPROVED by the CITY COUNCIL of
CHULA VISTA, CALIFORNIA, this 2 th da_y of P-:arch
by the following vote, to-wit:
Approved as to form by
r, i~ i ~ ~r~~:~"
~t ~ j~~~Ji ~ Ste'
eorge Lindberg, City Atto y
AYES: Councilmen Cox, Hyde, Scott, Egdahl, Hobel
PIAYES : Councilmen None
ABSENT: Councilmen None
._-., ~ {+
ATTEST '`' ~ '~ Dla or of the City of C a Vista
,,
City C3.erk
STATE OF CALIFORNIA)
COUNTY OF SAN DIEGO) ss.
CITY OF CHULA VISTA)
I, , City Clerk of the
City of Chula Vista, California, DO fiEREBY CERTIFY that the above is
a full, true and correct copy of Resolution No. , and that the
same has not been amended or repealed. DATED
City C er
the CITY OF
197 8
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