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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 ~lll1l/~ ~ARBARA ENGLESON, City Clerk, 1, 1 V ~ \..SBAD ',, . ~<?--......... C ,,, (SEAL) . 4-\····~:t:<·?0 Q.;~ • -. : ;?;,,-ti ~·. ""'': 0 = . >-:, . :... . '; ;o = · Y ·. ,. •: .,,_ -·-o··. ··£~ ~~ ... ~ ·-'; .... : ..... -·· ,, .... ' ',,;' * , ,,,, ,,,,,,11111 June 26, 2018 Item #8 Page 3 of 4