HomeMy WebLinkAbout2022-06-21; City Council; Resolution 2022-145RESOLUTION NO. 2022-145
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD,
CALIFORNIA, APPROVING THE PURCHASE OF EXCESS LIABILITY COVERAGE
NOT TO EXCEED $43 MILLION THROUGH CALIFORNIA INSURANCE POOL
AUTHORITY FOR FISCAL YEAR 2022-2023 FOR AN AMOUNT NOT TO EXCEED
$930,000
EXHIBIT 1
WHEREAS, the City Council of the City of Carlsbad, California desires to purchase excess liability
coverage through California Insurance Pool Authority; and
WHEREAS, Aon has negotiated the purchase of a maximum of $43 million of excess liability
coverage through California Insurance Pool Authority for the next fiscal year beginning on July 1, 2022,
and concluding on June 30, 2023.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as
follows that:
1.The above recitations are true and correct.
2.That the City Manager or designee is authorized to take all necessary and appropriate
actions to purchase up to $43 million of excess liability coverage through California
Insurance Pool Authority, effective July 1, 2022, to June 30, 2023, in an amount not to
exceed $930,000.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of
Carlsbad on the 21st day of June, 2022, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
Hall, Blackburn, Bhat-Patel, Acosta, Norby.
None.
None.
..f,-rFAVIOLA MEDINA, City Clerk Services Manager
(SEAL)
June 21, 2022 Item #2 Page 3 of 3
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