HomeMy WebLinkAbout2019-06-11; City Council; Resolution 2019-074RESOLUTION NO. 2019-074
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, APPROVING THE PURCHASE OF $43 MILLION OF EXCESS
LIABILITY COVERAGE THROUGH CALIFORNIA INSURANCE POOL AUTHORITY
(CIPA) FOR FISCAL YEAR 2019-2020 IN AN AMOUNT NOT TO EXCEED
$553,714.
Exhibit 1
WHEREAS, the City Council of the City of Carlsbad, California has determined that it has a desire
to purchase excess liability coverage through California Insurance Pool Authority (CIPA); and
WHEREAS, AON has negotiated the purchase of $43 million of excess liability coverage through
CIPA for the next fiscal year beginning on July 1, 2019 and concluding on June 30, 2020.
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 $43 million of excess liability coverage through CIPA effective
July 1, 2019 to June 30, 2020, is hereby approved and the Deputy City Manager of
Administrative Services is authorized to issue a warrant in an amount not to exceed
$553,714 for payment of the premium to CIPA (Attachment A).
PASSED, APPROVED AND ADOPTED at a Special Meeting of the City Council of the City of
Carlsbad on the 11th day of June, 2019, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
Hall, Blackburn, Bhat-Patel, Schumacher, Hamilton.
None.
None.
M~
7#~ {cJ BARBARA ENGLESON, City Clerk
(SEAL)
June 11, 2019 Item #1 Page 3 of 4