08/25/2015 Resolutions 2015-222 RESOLUTION 2015-222
WHEREAS, the City's Utility Department subscribes to insurance for boiler and
machinery, property, peril and fire coverage and coverage against terrorism; and
WHEREAS, the coverage against terrorism expires October 1, 2015; and
WHEREAS, a proposal to renew the terrorism insurance for the 2015—2016 fiscal
year was received from the current provider, Factory Mutual Insurance Company of St. Louis,
Missouri, for a renewal premium of$28,859.00; and
WHEREAS, the insurance provider requires that the City either except or reject
Terrorism Insurance Coverage by executing the form provided, and the City has opted to accept the
optional Terrorism Insurance Coverage for the upcoming fiscal year, 2015 —2016.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE CITY OF GRAND ISLAND, NEBRASKA, that the proposal of Factory Mutual Insurance
Company of St. Louis,Missouri,with premium for terrorism insurance in the amount of$25,859.00,
is hereby approved, and the Mayor is hereby authorized to execute the Acceptance of Terrorism
Insurance on behalf of the City.
Adopted by the City Council of the City of Grand Island, Nebraska, August 25, 2015.
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my J en, ayor
Attest:
QOCA• ?Act.%)• "-
RaNae Edwards, City Clerk
Approved as to Form 0
August 24,2015 City•etrney