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A RESOLUTION <br />AUTHORIZING THE PURCHASE OF CERTAIN <br />INSURANCE COVERAGE - <br />WHEREAS, 52-118 of the City Code requires approval of the City <br />Council for the purchase of additional' types of casualty or liability <br />insurance coverage; and <br />WHEREAS,,Council has fouhd the purchase of additional"umbrella" <br />type liability coverage to be advisable; and <br />WHEREAS, the Cincinnati Insurance Company has agreed to bind <br />an additional aggregate limit of $1,,000,000 of such coverage effec- <br />tive December 19, 1979; now, therefore, be it <br />RESOLVED by the Council of the City of Charlottesville, Virginia <br />that the Council hereby approves the purchase of "umbrella" liability <br />insurance coverage in the additional aagregate amount of $1,000,000, <br />effective December 19, 1979; and <br />• BE IT FURTHER RESOLVED that the City Manager and Director of <br />Finance are authorized to approve payment of the premium for such <br />coverage from the Risk Management Fund as provided by 52-118 of- the <br />City Code. <br />Adopted by the Council <br />February 4, 1980 <br />Copy Teste: <br />Clerk of the Council <br />