HomeMy WebLinkAbout2025-06-10; City Council; Resolution 2025-117Exhibit 1
RESOLUTION NO. 2025-117
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, APPROVING THE PURCHASE OF $100 MILLION OF PROPERTY
INSURANCE COVERAGE THROUGH AON FOR FISCAL YEAR 2025-2026 FOR
AN AMOUNT NOT TO EXCEED $719,305
WHEREAS, the City Council of the City of Carlsbad, California has determined that it has a desire
to renew its annual property insurance through Aon; and
WHEREAS, Aon has negotiated a renewal of $100 million of property coverage for the next fiscal
year beginning July 1, 2025, and concluding on June 30, 2026, for an annual premium in an amount not
to exceed $719,305.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1.That the above recitations are true and correct.
2.That the proposed action is not a “project” as defined by CEQA Section 21065 and CEQA
Guidelines Section 15378(b)(4) and does not require environmental review under CEQA
Guidelines Section 15060(c)(3) as it is a government fiscal activity and does not involve
any commitment to any specific project which may result in a potentially significant
physical impact on the environment.
3.That the purchase of $100 million of property coverage through Aon, effective July 1,
2025, to June 30, 2026, is hereby approved and the City Manager or designee is
authorized to direct the Deputy City Manager of Administrative Services to issue
payment in an amount not to exceed $719,305 for payment of the property insurance
premium.
June 10, 2025 Item #2 Page 2 of 3
Docusign Envelope ID: 2E395E45-310C-43D1-A4B6-0F7CC6CE6910
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City
of Carlsbad on the 10th day of June, 2025, by the following vote, to wit:
AYES: Blackburn, Bhat-Patel, Acosta, Burkholder, Shin.
NAYS: None.
ABSTAIN: None.
ABSENT: None.
______________________________________
KEITH BLACKBURN, Mayor
______________________________________
SHERRY FREISINGER, City Clerk
(SEAL)
June 10, 2025 Item #2 Page 3 of 3
Docusign Envelope ID: 2E395E45-310C-43D1-A4B6-0F7CC6CE6910