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HomeMy WebLinkAbout1991-10-22; City Council; Resolution 91-348-, L. 1 2 3 4 5 6 7 a 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 e W RESOLUTION NO. 9 1 - 3 4 8 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, AUTHORIZING THE RENEWAL OF THE CITY'S PROPERTY AND BOILER AND MACHINERY INSURANCE COVERAGES WHEREAS, the City has previously maintained both property and boiler and machinery insurance coverages for its assets; and WHEREAS, the City's insurance broker has received quotations for the continuation of that coverage; and WHEREAS, upon evaluation of the quotation for both property and boiler and machinery insurance, the City desires to renew its insurance coverages with Zurich Insurance. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as follows: 1. 2. That the above recitations are true and correct. That the renewal of the City's property insurance with Zurich Insurance is hereby approved and the Financial Management Director is authorized to issue a warrant in the amount of $68,950 for the payment of the premiums of said renewals. I r, *\ 1 2 3 4 5 6 7 8 9 10 11 12 l3 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 0 PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 22nd vote, to wit: day of October 1991, by the following AYES: NOES: None ABSENT: None Council Members Lewis, Kulchin, Larson, Stanton and Nyp ATEST: aa-bkRi('l,;clhu-i ALETEA L. RAUTENKRANZ, City Cler 1