HomeMy WebLinkAboutR-2013-054 Cowell Insurance Group - Property & Equipment Insurance RESOLUTION NO. R — 2013 -054
A RESOLUTION AUTHORIZING THE PURCHASE OF PROPERTY AND EQUIPMENT
INSURANCE FROM COWELL INSURANCE GROUP INC FOR THE ANNUAL PREMIUM
RENEWAL IN AN AMOUNT NOT TO EXCEED $57,367.00
WHEREAS, the City of Riverside has a need for commercial property and equipment floater
insurance; and
WHEREAS, the City of Riverside in the adoption of its purchasing policy requires all
expenditures in excess of $10,000 to be presented to the Board of Aldermen for approval and the
City's insurance carrier for commercial property and equipment floater insurance has presented an
invoice in the amount of $57,367.00 for annual renewal of such insurance coverage; and
WHEREAS, funds for such purpose were budgeted in the Fiscal Year 2013 -2014 budget;
and
WHEREAS, the Board of Aldermen find it is in the best interest of the citizens of the City of
Riverside to authorize acquisition and renewal of such insurance coverage and approve the
payment to Cowell Insurance Group, Inc. for commercial property and equipment floater insurance
coverage for the City of Riverside, in an amount not to exceed $57,367.00.
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY
OF RIVERSIDE, MISSOURI, AS FOLLOWS:
THAT, the acquisition and renewal of such insurance coverage and payment to Cowell
Insurance Group, Inc. for commercial property and equipment floater insurance coverage for the
City of Riverside, in an amount not to exceed $57,367.00 is hereby authorized and approved; and
FURTHER THAT the Mayor, City Administrator, or either of their designees, are hereby
authorized to execute all documents necessary or incidental to this transaction and the City Clerk is
authorized to attest thereto.
PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of
the City of Riverside, Missouri, the 2nd day of July, 2013.
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•
ayor Kathleen L. Rose
Robirf Li trell,-Ei 'Clerk
. .
Cowell Insurance Group Inc.
dNVC)10E
10525 NW Ambassador Drive P•". City of Riverside
Suite 301 :Customer
Kansas City, MO 64153 - 569
(816)587 -4419 Date 06/13/2013
Customer Christian Fuller
`Service Janet Pittenger
Page 1 of 1
PaymentiliifW t t jj `r h" 0 .,;
Irivolce Summary` _ 57,367.00
City of Riverside Payment Amount
2950 NW Vivion Road {Payment for: Invoice#56758
Riverside, MO 64150 • 1X7552614
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Customer: City of Riverside
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Iiiiit i igeffe ti`ire OVii ransaction .. •?- - Description : N o '172;4A
Policy #1X7552614 05/29/2013 - 05/29/2014
Employers Mutual Companies
56758 05/29/2013 Renew policy Equipment Floater- Renew policy 10,317.00
Commercial Property - Renew policy 47,050.00
:Total;; 3,4
57, 367.00
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p (816)587 -4419 r te. i Y° a.: !n
Cowell Insurance Group Inc. ik
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10525 NW Ambassador Drive Suite 301 i
Kansas City, MO 64153 06/13/2013