File #: 17-1516    Version: 1 Name:
Type: Motion Status: Filed with the City Secretary
File created: 12/1/2017 In control: City Council
On agenda: 12/12/2017 Final action: 12/19/2017
Title: Authorizing payment for existing insurance coverage package with TML Intergovernmental Risk Pool up to $398,589 annually, and authorizing future coverage renewals after competitive quotes Motion authorizing the annual payment for an existing insurance coverage package with the TML Intergovernmental Risk Pool (TML Risk Pool) for the following insurance-type coverages for which the private markets have not provided a cost-effective alternative to the TML Risk Pool (Excess Aviation, Airport Liability, TB Clinic Automobile Liability, TB Clinic General Premises Liability, Animal Mortality for Police Dogs, Auto Physical Damage for High Value Vehicles, Auto Catastrophe, Crime Public Employee Dishonesty, Crime Forgery, Crime Theft, Crime Computer Fraud, Gas Utilities, and High Value Mobile Equipment) in a total amount not to exceed $398,589,authorizing the City Manager or designee to execute the latest form TML Risk Pool agreements, authorizing the addition of FEMA-mandated coverages availab...
Sponsors: Legal Department
Attachments: 1. Agenda Memo for annual renewal of TML Intergovernmental Risk Pool and attachments (Interlocal Agmt and COF), 2. Agreement - TML Risk Pool

Title

Authorizing payment for existing insurance coverage package with TML Intergovernmental Risk Pool up to $398,589 annually, and authorizing future coverage renewals after competitive quotes

 

Motion authorizing the annual payment for an existing insurance coverage package with the TML Intergovernmental Risk Pool (TML Risk Pool) for the following insurance-type coverages for which the private markets have not provided a cost-effective alternative to the TML Risk Pool (Excess Aviation, Airport Liability, TB Clinic Automobile Liability, TB Clinic General Premises Liability, Animal Mortality for Police Dogs, Auto Physical Damage for High Value Vehicles, Auto Catastrophe, Crime Public Employee Dishonesty, Crime Forgery, Crime Theft, Crime Computer Fraud, Gas Utilities, and High Value Mobile Equipment) in a total amount not to exceed $398,589,authorizing the City Manager or designee to execute the latest form TML Risk Pool agreements, authorizing the addition of FEMA-mandated coverages available from TML that are a condition of federal disaster reimbursement, and authorizing payments in future years to the extent they are (1) budgeted and (2) for which City staff and/or the City's broker of record have obtained competing quotes for the aforesaid coverages from the private market and determined that privately-obtained coverages are not cost-competitive to the TML Risk Pool quote for that year.