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FEBRUARY 14, 2006
06-51
RESOLUTION
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WITHDRAWN
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PURPOSE:
APPROVE PURCHASE OF PROPERTY INSURANCE I
REDEVELOPMENT AUTHORITY
INITIATED BY:
PURCHASING DIVISION
WHEREAS, the City of Oshkosh has created a Redevelopment Authority which may
purchase and hold real property; and
WHEREAS, the Local Government Property Insurance Fund is recommending that
Redevelopment Authorities purchase a separate policy of insurance to insure property held
by them against loss due to fire, weather or other such events; and
WHEREAS, the Local Government Property Insurance Fund will insure
Redevelopment Authority property at a lower cost than available through a commercial
carrier.
NOW, THEREFORE, BE IT RESOLVED by the Common Council for the City of
Oshkosh that from and after the 14th day of February, 2006, the public buildings and other
property belonging to the Redevelopment Authority of the City of Oshkosh, Wisconsin be
insured in the Local Government Property Insurance Fund, under Chapter 605 of the
Wisconsin Statutes and amendments thereto. Personal property, motor vehicles or
moveable road or street equipment is not to be insured in the Fund.
BE IT FURTHER RESOLVED that the appropriate City officials are authorized and
directed to take those steps necessary to implement the insurance and comply with the
requirements of the Local Government Property Insurance Fund