HomeMy WebLinkAbout33264 / 85-21March 21, 1985
(CARRIED
PURPOSE
INITIATED BY:
LOST
LAID OVER
�21 RESOLUTION
WITHDRAWN )
APPROVE BUILDERS RISK INSURANCE/CENTRE PROJECT
CITY ADMINISTRATION
WHEREAS, it has become necessary for the City of Oshkosh to secure builders
risk insurance for the Oshkosh Centre project to limit the City's exposure to
liability, and
WHEREAS, the City of Oshkosh has secured from its local insurance agent
two quotations, the most advantageous being a policy from Fidelity and Deposit
Insurance Company in the coverage amount of $3,900,000.00 with a$1,000.00 deduc-
tible on all perils except for flood coverage, which carries a$10,000.00 deduc-
tible,
NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of Oshkosh
that the quotation for builders risk insurance for the Oshkosh Centre project of
Fidelity and Deposit Insurance Company is hereby accepted and approved on the terms
outlined above for an annual premium of $4,875.00. Money for this purpose is
hereby appropriated from: Account No. 331-999 - Oshkosh Centre Project.
SUBMITTED BY
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