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HomeMy WebLinkAbout1985-02-19; City Council; Resolution 79171 2 3 4 r; " E 7 e 9 1c 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO, 791 7 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING PURCHASE OF EXCESS LIABILITY INSURANCE. WHEREAS, the City's Insurance Broker has received quotations for excess liability insurance; and WHEREAS, upon evaluation of the quotations received, the City desires to renew coverage in the amount of $900,000 excess over a $100,000 self insured retention , NOW, THEREFORE, BE IT RESOLVED by the City Council of Carlsbad, California, as follows: 1. That the above recitations are true and correct. 2. That the City Manager is hereby authorized to execute a Purchase Order for the purchase of the City's excess liability insurance with Planet Insurance Company in the amount of $66,858. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on the Igth day of ,1985, by the Following vote, to wit: AYES : NOES: None Co~.~~cil Members Casler, Lewis, Kulchin, Chick and Pettine ABSENT: None 4TTEST: (SEAL)