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157 <br /> <br />COUNCIL CHAMBER December 23, 1985 <br /> <br /> Council met in.special session on this date with-the <br />following members present: Mr. Barnes, Mr. Buck, Mrs. Gleason, <br />Dr. Gunter, Dr. Hall. <br /> <br />APPROPRIATION:- $746,812 INSURANCE (2nd reading) <br /> <br /> The $746,81~. appropriation ~or insurance which was offered <br />at the December 16th meeting was approved by the following vote. <br />Ayes: Mr. Barnes, Mr'. Buck, Mrs. Gleason, Dr. Gunter, Dr. Hall. <br />Noes: None. <br /> <br /> BE IT RESOLVED by the Council of the City of Charlottesville, <br />Virginia, that: <br /> <br /> 1. The sum of $746,812 is hereby appropriated from the <br />unappropriated balance of the City's General Fund to the Risk <br />Management Fund. <br /> <br /> 2. The City Manager and Acting Director of Finance are <br />authorized to make expenditures from the Risk Management Fund <br />to pay premiums for the following insurance coverages: <br /> <br />Coverage and Carrier <br /> <br />Estimated Premium <br /> <br />A. Buildings and Contents <br /> (including business interruption <br /> and extra expenses) <br /> Newark Insurance Company <br /> $S,000 deductible - per occurrence <br /> <br />$42,748 <br /> <br />B. Contractors Equipment <br /> Royal Insurance Company~of America <br /> $2,S00 deductible, $5,b00 if <br /> property valued over $100.,000 <br /> <br />9,S00 <br /> <br />C. General Liability <br /> Illinois Insurance Exchange <br /> $1,000,'000 limit <br /> $S,000 deductible per occurrence <br /> <br />145,128 <br /> <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 /> <br />2,980 <br /> <br />E. Police Professional Liability <br /> Illinois Insurance Exchange <br /> $1,000,000 annual aggregate <br /> $S,000 deductible per occurrence <br /> <br />57,335 <br /> <br />F. Public Officials Liability <br /> Illinois Insurance Exchange <br /> $1,000,000 annual aggregate <br /> $10,000 deductible per occurrence <br /> <br />G. Visitors Bureau 'Floater <br /> Under negotiation <br /> <br />24,146 <br /> <br />2,500 <br /> <br />H. Employee Fidelity and Criminal <br /> Activity Coverages <br /> Under negotiation <br /> <br />S,000 <br /> <br />I. Attorneys' Professional Liability <br /> Under negotiation <br /> <br />4,500 <br /> <br /> 3. The balance of the funds so transferred shall be <br />used to increase the self insurance reserve in the Risk Management <br /> <br /> <br />