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HomeMy WebLinkAboutRESOLUTION NO. 2014-30 RESOLUTION NO. 2014-30 RESOLUTION APPROVING THE INSURANCE COVERAGE FOR TIIE CITY OF FAIRFAX BEGINNING APRIL 1,2014 WHEREAS, the City Council of Fairfax, Iowa desires to have adequate insurance coverage for the City of Fairfax's properties and activities; and WHEREAS, Wilson-Hite Insurance, Inc. is the City of Fairfax's insurance agent and has presented information about the April 1, 2014 renewal; and WHEREAS, the insurance proposal is for coverage through Continental Western Insurance Company, with their City PAIS Insurance Program which includes property, portable equipment, general liability, automobile, connnercial umbrella, and workers compensation insurance coverages for an annual premium of$37,649.00; and WHEREAS, the insurance proposal is for coverage through Continental Western Insurance Company with their Fire Department PAK which 'includes general and professional liability, automobile, portable equipment/inland marine, and property insurance coverages for the Fairfax Fire and Rescue Department for an annual premium of$9,864.00; and WHERREAS, the insurance proposal is for coverage through Provident Life and Accident for death and impairment, income protection, first week disability, and dependent child benetit insurance for the Fairfax Fire and Rescue Department tor, an aiinual premium of$750.00. NOW, THEREFORE, BE IT RESOLVED, by the City Council of the City of Fairfax, Iowa, that the City of Fairfax hereby agrees to renew the City of Fairfax's insurance coverages, for a current annual premium total of$48,263.00. BE IT FURTHER RESOLVED, that city staff is hereby directed to communicate to Wilson-Hite Insurance, Inc. any needed changes in the insurance coverages during the year. I BE IT FURTHER RESOLVED, by the Fairfax City Council of the City of Fairfax, Iowa, that the Mayor and City Clerk are hereby authorized and, directed to execute this resolution of approval. Passed and approved this I I ffi day of March, 2014. AYES: Beer,Frieden, Otto,Magers, and Wainwright NAYS: None IP \1� Jas0,11 Rabe, Mayor 60 ATTEST; Cy4fliia Stimson, City Clerk/Treasurer