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0 <br />APPROPRIATION <br />RISK MANAGEMENT AND INSURANCE <br />$746,812 <br />BE IT RESOLVED by the Council of the City of Charlottesville, <br />Virginia, that: <br />1. The sum of 5746,812 is hereby appropriated from the <br />unappropriated balance of the City's General Fund to the Risk <br />Management Fund. <br />2. The City Manager and Acting Director of Finance are <br />authorized to make expenditures from the Risk Management Fund to <br />pay premiums for the following insurance coverages: <br />Coverage and Carrier <br />A. Buildings and Contents <br />(including business inter- <br />ruption and extra expenses) <br />Newark Insurance Company <br />$5,000 deductible --per occurrence <br />B. Contractors Equipment <br />• Royal Insurance Company of America <br />$2,500 deductible, $5,000 if <br />property valued over $100,000 <br />C. General Liability <br />Illinois Insurance Exchange <br />$1,000,000 limit <br />$5,000 deductible per occurrence <br />D. Blood Tests Professional Liability <br />and Family Group Home Professional <br />Liability <br />Monticello Insurance Company <br />$500,000 annual aggregate <br />$1,000 deductible per occurrence <br />E. Police Professional Liability <br />Illinois Insurance Exchange <br />S1,000,000 annual aggregate <br />$5,000 deductible per occurrence <br />F. Public Officials Liability <br />Illinois Insurance Exchange <br />$1,000,000 annual aggregate <br />S10,000 deductible per occurrence <br />Estimated Premium <br />S 42,748 <br />9,500 <br />145,128 <br />2,980 <br />57,335 <br />24,146 <br />