HomeMy WebLinkAboutResolution - 2009-R0340 - Purchase Inland Marine Insurance Coverage - Travelers Lloyds Insurance Co. - 08/27/2009Resolution No. 2009-RO340
August 27, 2009
Item No. 5.8
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Manager of the City of Lubbock BE and is hereby authorized and
directed to purchase for and on behalf of the City of Lubbock, inland marine insurance
coverage from Travelers Lloyds Insurance Company, for which the premium amount
shall not exceed a rate of .00211 per $100.00; crime insurance coverage from Great
American Insurance Company, for which the premium amount shall not exceed
$7,081.00 or the amount adjusted due to changes in the premiums required as a result of
the annual audit; pipeline liability insurance coverage from Chubb Group, for which the
premium amount shall not exceed $5,150.00; and
THAT the City Manager may execute any routine documents and forms
associated with said insurance coverage.
Passed by the City Council this 27th
ATTEST:
RebecA Garza, City Secretary CS
APPROVED AS TO CONTENT:
day of August '2009.
TOM MARTN, MAYOR
Leisa Hutcheson, Director of Risk Management
APPROVED AS TO FORM:
Chad Weaver, Assistant City Attorney
vw/ccdocs/RES.Risk Mgmt-Travelers & Great American & Chubb
August 20, 2009