HomeMy WebLinkAbout2020-06-23; City Council; Resolution 2020-119RESOLUTION NO. 2020-119
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 2020-2021 IN AN AMOUNT NOT TO EXCEED
$609,000.
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, 2020 and concluding on June 30, 2021.
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, 2020 to June 30, 2021, is approved and the Deputy City Manager, Administrative
Services is authorized to issue a warrant in an amount not to exceed $609,000 for
payment of the premium to CIPA (Attachment A).
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 23rd day of June, 2020, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
Hall, Blackburn, Bhat-Patel, Schumacher.
None.
None.
MATT HALL, Mayor
Ckrtwo. {!ffL~
~-BARBARA ENGLESON, City Clerk
,,,,,,11111111111,,,,,,,,,,1.
(SEAL) ff~,0.~:.:I..~
~~--· ·-.U~~
t ......... m~ ..... ~% ~Of~: G...AlC~ \~?~/, ~✓-'#f., ···········e.\.,~~ ,,,,/•IFOP.°" ,,,"' ,,,,,,,,,11111111111'\
June 23, 2020 Item #2 Page 3 of 4
June 23, 2020 Item #2 Page 4 of 4