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HomeMy WebLinkAbout1992-11-03; City Council; Resolution 92-326c II e 0 t 1 2 3 4 5 6 7 RESOLUTION NO. 92 - 3 2 6 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 I WHEREAS, the City has previously maintained both property and boiler nd machinery insurance coverages for its assets; and a WHEREAS, the City’s insurance broker has received quotations for the 9 10: 11 and machinery with Home Insurance and Hartford Steam Boiler respectively. 12 and machinery insurance, the City desires to renew its insurance for property, and boiler 18 17 16 1. That the above recitations are true and correct. 15 Df Carlsbad, California, as follows: 14 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City 13 :ontinuation of that coverage; and WHEREAS, upon evaluation of the quotations for both property and boiler 2. That the renewal of the City’s property insurance with Home Insurance and Hartford Steam Boiler is hereby approved and the Financial Management Pirector is authorized to issue a warrant in the amount of $51,907 for the payment of the 19 I remiums of said renewals. ‘:I 22 23 li 24 I/ 25 I/ 26 I 27 28 3 II e e 3, 1 PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City 2 vote, to wit: 3 Council of the City of Carlsbad on the 3rd day of NOVEMBER 1992, by the following 4 5 6 7 ~ AYES: Council Members Lewis, Kulchin, Larson, Stanton, Nygaard NOES: None ABSENT None 8 9 10 11 ,AnEST l2 I l3 ll42zzL I - 34 ALETHA L. RfU 15 I 16 17 18 19 I 20 21 22 23 24 25 ii 26 27 28