HomeMy WebLinkAbout04-010DATE SUBMITTED: January 13, 2004 BILL
AGENDA BILL
CITY OF BREMERTON
CITY COUNCIL
SUBJECT: Purchase of Liability and Committee Meeting Date: January 20, 2004
Surety Insurance COUNCIL MEETING Date: January 2~, 2004
Department: City Attorney% Office
Presenter: Peggy Lesser
Phone: 5302
SUMMARY: Bremerton's liability and surety coverages expire on January 31, 2004 and City
Council approval is required for the purchase of replacement coverage. Bremerton's account has been
marketed to interested insurers and it is~ecomme, nded that replacement liability coverage be
purchased from ~ l~~t an annual cost of $ ~/sf~.. ~OO and
replacement surety, coverage be purchased from~[ll~l- ~'trs~!¥tg/,~, Insurance Company at an annual
costofS q]/lt~f3 · f~'~ Latl I I .... . .... ,h, . - "
ATTACHMENTS:
FISCAL IMPACTS (Include Budgeted Amount): Adequate funds were budgeted in the 2004 risk
management fund to cover these expenditures.
APPROVALS:
DEPARTMENT DIRECTOR:
CITY ATTORNEY:
FINANCE DIRECTOR:
MAYOR:
FISCAL/BUDGET: ~ft)J~ -?~?~ I CONSENT AGENDA []
COUNCIL PRESDENT:
RECOMMENDED MOTION: I m..9~ve that the_Bremerton City Council authorize the Risk Manager
to purchase, likinhty,.~nsurance from"/~l~,-e~M~.~,/~ ~ig/I/lllll[l/l~l~and surety coverage
fromt~t~a~ ~l~tg~t~ Insurance Company.
COUNCIL ACTION: [~pprove [] Deny [] Table [] Continue [] No Action