Insurance (Contracts)_September to December 1978INSURANCE (Contracts) 40
Date
Memo #7085, approved Administration's recom- 9/T5778
mendation to reject all bids, and that City
accept the offer of incumbent policy holder
to extend existing contract to enable re-
bidding, at an estimated $7,000 for a 30 -day
extension re: insurance coverage for fire,
vandalism and malicious mischief for various
City buildings.
Memo #7157, Fire Insurance, vandalism in-
surance on various buildings for City , bid
amount: $44,442.00. Following clarification
and confirmation that Financial Planning
Associates' bid did not include flood and
INSURANCE (Contracts)
(continued)
windstorm coverage, Commissioner Malek withdrew
his motion to reject Administration's recom-
mendation. Proposal of Marsh & McLennon, Inc.,
agent of record for Birmingham Fire Insurance
Co., accepted for 1 -yr. period, effective
11/15/78, with $1,000 deductible with all risk
on buildings and contents (total coverage of
approx. $16,160,700).
11/1/78
41
Date
11/1/78
Memo #7219, fire, extended coverage, vandalism 12/6/78
malicious mischief, sprinkler leakage and flood
insurance on Conv. Halls, TOPA, City Hall for
a 3 yr. period, bid amount: $125,748.00, gross
premium deposit. Awarded to Fred S. James Co.
of Fla., Inc. Prior to award, Mr. Murray M. Sheldon
INSURANCE (Contracts)
(continued)
appeared and claimed that his bid was the low
bid. Commissioner Malek's motion to reject the
Administration's recommendation so that the con-
tract could be awarded to Mr. Sheldon, failed of
passage. Fred James Co. representative advised
that company was on notice regarding the dis-
appearance of chairs and bleacher supports from
Conv. Center.
42
Date
12/6/78
Memo #7220, All Risk Fine Arts Insurance cover- 12/6/78
ing contents on premises in Bass Museum , bid
amount: $51,600.00. Motion to extend present
coverage for 30 days, reject bids and readvertise,
failed of passage. Awarded, Marsh & McLennan,
Inc., for coverage by Lloyds of London, the only