HomeMy WebLinkAbout1985-07-02; City Council; Resolution 80891
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RESOLUTION NO. 8089
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
INC. FOR INSURANCE BROKERAGE SERVICES.
CALIFORNIA, AMENDING AGREEMENT WITH CAL-SURANCE ASSOCIATES,
WHEREAS, the City has contracted with Cal-Surance Associates, Inc. for
insurance brokerage services for the placement and purchase of insurance for the
City; and
WHEREAS, said agreement provided that compensation for said services should
not exceed $10,000 in insurance commissions; and
WHEREAS, after negotiations the parties to said contract have agreed that
effective 3uly 1, 1985 certain changes in compensation are necessary;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad,
California as follows:
1. That Section 3, COMPENSATION, of said agreement shall be deleted in it5
entirety.
2. That effective 3uly 1,
substituted theref ore:
985 the following paragraph shall be
Section 3
COMPENSATION
Insurance brokerage commissions or fees included in premiums payable to
BROKER shall not exceed the current commission rate payable by each insurer for
like business, and subject to an annual minimum of $7,500, shall in no event
exceed Twelve Thousand Dollars ($12,000) in any twelve month period unless
authorized in advance by the CITY.
CITY a full report and acocunting of all commissions received.
BROKER shall, upon request, provide to the
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PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council on the
6th day of &Wst , 1985, by the following vote, to wit:
Council Nxnbers Casler, Lewis, Kulehin, and Chick AYES:
NOES: None
ABSENT : Council "her Pettine
ATTEST:
(SEAL)