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June 6, 1985 #21 RESOLUTION
(CARRIED LOST LAID OVER WITHDRAWN )
PURPOSE: TO OBTAIN STATE PROPERTY INSURANCE
INITIATED BY: CITY ADMINISTRATION
WHEREAS, the City of Oshkosh has been notified by private
insurance carriecs of a potential four-fold inccease in premiums
for insuring City owned buildings and property, and the movable
road and street equipment, and
WHEREAS, the City is able to obtain such insurance through the
5tate of Wisconsin at substantial savings, although the exact
dollar amount will be determined upon application by the City and
review by the State of property appraisals of xecord, and
WHEREAS, this insurance would not provide coverage for motor
vehicles (automobiles, trucks and buses) owned by the City as that
coverage is presently provided under a separate insurance contract,
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the
City of Oshkosh that, from and aftex the lst day of May, 1985, the
public buildinqs and property, and the movable road and street
equipment belonging to the City of Oshkosh be insured in the State
Property Insurance Fund, under Sections 605.01 to 605.30, inclu-
sive, of the Wisconsin Statutes and amendments thereto.
BE IT FURTHER RESOLVED that the appropriate City officials are
hereby authorized and directed to apply for, and secure insurance
coverage throuqh, the State Property Insurance Fund.
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SUBMITfiED BY
APPROVED
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