HomeMy WebLinkAbout2018-06-26; City Council; Resolution 2018-109RESOLUTION NO. 2018-109
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, AUTHORIZING THE PURCHASE OF $1 BILLION OF PROPERTY
INSURANCE COVERAGE THROUGH ALLIANT INSURANCE SERVICES INC.'S
ALLIANT PROPERTY INSURANCE PROGRAM (APIP) FOR FISCAL YEAR 2018-
2019 IN AN AMOUNT NOT TO EXCEED $185,843.78
EXHIBIT 1
WHEREAS, the City Council of the City of Carlsbad, California has a desire to renew its annual
property insurance through Alliant Insurance Services, lnc.'s Alliant Property Insurance Program (APIP);
and
WHEREAS, Alliant Insurance Services has negotiated a renewal of $1 billion of property
insurance coverage for the next fiscal year beginning July 1, 2018 and concluding on June 30, 2019 for
an annual premium in an amount not to exceed $185,843.78; and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows:
1. That the above recitations are true and correct.
2. That the purchase of $1 billion of property coverage through Alliant Property Insurance
Program, effective July 1, 2018 to June 30, 2019, is hereby approved and the
Administrative Services Director is authorized to issue a warrant in an amount not to
exceed $185,843.78 for payment of the premium to Alliant Insurance Services.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council ofthe City of
Carlsbad on the 26th day of June, 2018, by the following vote, to wit:
AVES:
NOES:
ABSENT:
M. Hall, K. Blackburn, M. Schumacher, C. Schumacher, M. Packard.
None.
None.
June 26, 2018 Item #9 Page 3 of 4