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Home My WebLink About2017-06-13; City Council; ; Adopt a Resolution authorizing the Purchase of $25M of Excess Liability Coverage through County Supervisors Association of California d.b.a. California State AssociationPublic Notification This item was noticed in accordance with the Ralph M. Brown Act and was available for public viewing and review at least 72 hours prior to the scheduled meeting date. Exhibits 1. Resolution authorizing the purchase of $2SM of excess liability coverage through County Supervisors Association of California DBA California State Association of Counties Excess Insurance Authority (CSAC EIA) for fiscal year 2017-2018 in an amount not to exceed $403,000. 2. 2017 /18 Excess Liability Estimated Premium Page 192 RESOLUTION NO. 2017-101 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING THE PURCHASE OF $25M 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 2017-2018 IN AN AMOUNT NOT TO EXCEED $403,000.00 EXHIBIT 1 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 $25M of excess liability coverage through CSAC EIA for the next fiscal year beginning on July 1,2017 and concluding on June 30,2018;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 $25M of excess liability coverage through the CSAC EIA, effective July 1, 2017 to June 30, 2018, is hereby approved and the Administrative Services Director is authorized to issue a warrant in an amount not to exceed $403,000 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 13th day of June, 2017, by the following vote, to wit: AYES: M. Hall, K. Blackburn, M. Schumacher, C. Schumacher, M. Packard NOES: None. ABSENT: None. (SEAL)