HomeMy WebLinkAboutCouncil Resolutions 1631 RESOLUTION NO. ILD 31
A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXECUTE
PAYMENT FOR FISCAL YEAR 2020-2021 CITY OF CENTRAL POINT
INSURANCE PREMIUMS.
RECITALS:
A. The total cost of the premium for general liability, automotive, property
damage, and cyber liability insurance for fiscal year 2020-2021 is
$166,576.
B. The total cost of the premium for workers' compensation insurance for
fiscal year 2020-2021 is $56,818.
C. The 2020-2021 general insurance agency fee is $6,900.00.
D. The total cost of the combined insurance premiums exceeds the city
manager's purchasing authority, as described in Central Point Municipal
Code section 2.40.050.
The City of Central Point resolves as follows:
Section 1. The City Manager is hereby authorized and directed to execute on
behalf of the Central Point City Council a $230,294.00 payment for Fiscal Year
2020-2021 insurance premiums.
Passed by the Council and signed by me in the authentication of its
passage this 25th day of June 2020.
Mayor Hank Williams
ATTE •
Alt jeege,
City Recorder