HomeMy WebLinkAbout2024-06-18; City Council; Resolution 2024-134RESOLUTION NO. 2024-134
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, APPROVING THE PURCHASE OF A MAXIMUM OF $43 MILLION
OF EXCESS LIABILITY COVERAGE THROUGH CALIFORNIA INSURANCE POOL
AUTHORITY FOR FISCAL YEAR 2024-2025 FOR AN AMOUNT NOT TO EXCEED
$1,258,000
WHEREAS, the City Council of the City of Carlsbad, California has determined that it desires to
purchase excess liability insurance coverage through the California Insurance Pool Authority; and
WHEREAS, Aon has negotiated the purchase of a maximum of $43 million of excess liability
insurance coverage through the California Insurance Pool Authority for the next fiscal year beginning
on July 1, 2024, and concluding on June 30, 2025.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows that:
1. The above recitations are true and correct.
2. That the purchase of $43 million of excess liability coverage through the California
Insurance Pool Authority effective July 1, 2024, to June 30, 2025, is hereby approved
and the City Manager or designee is authorized to direct the Deputy City Manager of
Administrative Services to issue a warrant in an amount not to exceed $1,258,000 for
payment of the premium to the California Insurance Pool Authority.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 18th day of June, 2024, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
ABSTAIN :
BLACKBURN, BHAT-PATEL, ACOSTA, BURKHOLDER, LUNA.
NONE.
NONE.
NONE.
SHERRY F
(SEAL)