Insurance (Contracts)_October 1977 to August 1978INSURANCE (Contracts) 34
(continued) Date
coverages to ascertain that all applicable
agencies of City are covered. 10/5/77
Consideration of insurance premium rate in- 2/15/78
crease on $10 million excess umbrella lia-
bility insurance coverage. 1976 and 1977 rate
increases approved. Payment to Midland Insurance
Co. of $10,500 additional 1976 deposit premium,
$10,500 additional 1977 deposit premium, and
$7,600 estimated additional 1976 premium per
audit, approved; to be funded from Self -Insurance
Reserve Fund.
Memo #6832, public liability insurance coverage 4/19/78
and award of premium for second yr. coverage
INSURANCE (Contracts)
(continued)
to existing carrier, award amount: $14,350.00.
Administration's recommendations approved, as
follows: 1) Bid No. 49-78 be rejected; 2)
Second yr. premium proposal of Unimark-
McDonald, Inc., of $14,350 be accepted; 3)
Administration be allowed to pursue all avail-
able markets on continuing basis, waiving for-
mal bid procedures, in attempt to obtain
coverage at premium savings, and should such
coverages become available, to present same
to Commission for approval. (See Insurance)
Memo #6868, cancellation of City's $8,000
Excess Liability and request for approval
of alternate coverage on an emergency basis.
35
Date
4/19/78
5/3/78
INSURANCE (Contracts) 36
(continued) Date
Proposal of Pine Top Insurance Co., as submitted
by Adae & Hooper Insurance Inc., accepted on a
pro rata basis for balance of this policy year
to 9/1/78, at a premium of $20,865, with 1 yr.
option, funds to be transferred from Contingency
Fund #2940-2941.00 to Excess Liability Acct.
#3-73-2945.03. 5/3/78
Memo #7027, award of bid for comprehensive
general and auto liability insurance coverage,
for purposes of negotiation. Commission 22 -
proved Administration's recommendation that:
1) the proposal of Adae & Hooper be accepted
for the purposes of negotiation and; 2) the
Administration be allowed to secure a binder
8/2/78