HomeMy WebLinkAbout2018-06-26; City Council; Resolution 2018-108EXHIBIT 1
RESOLUTION NO. 2018-108
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, AUTHORIZING THE PURCHASE OF $25 MILLION OF EXCESS
LIABILITY COVERAGE THROUGH COUNTY SUPERVISORS ASSOCIATION OF
CALIFORNIA D.B.A CALIFORNIA STATE ASSOCIATION OF COUNTIES EXCESS
INSURANCE AUTHORITY (CSAC EIA) FOR FISCAL YEAR 2018-2019 IN AN
AMOUNT NOT TO EXCEED $418,000.00
WHEREAS, the City Council of the City of Carlsbad, California has a desire to purchase excess
liability coverage through County Supervisors Association of California dba California State Association
of Counties Excess Insurance Authority (CSAC EIA); and
WHEREAS, Alliant Insurance Services has negotiated the purchase of $25 million of excess
liability coverage through CSAC EIA for the next fiscal year beginning on July 1, 2018 and concluding on
June 30, 2019; and
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 purchase of $25 million of excess liability coverage through the CSAC EIA,
effective July 1, 2018 to June 30, 2019, is hereby approved and the Administrative
Services Director· is authorized to issue a warrant in an amount not to exceed $418,000
for payment of the premium to CSAC EIA.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 26th day of June, 2018, by the following vote, to wit:
AYES:
NOES:
ABSENT:
M. Hall, K. Blackburn, M. Schumacher, C. Schumacher, M. Packard.
None.
None. 1ttdtlll
MATT HALL, Mayor
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~ARBARA ENGLESON, City Clerk, 1,
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