HomeMy WebLinkAboutR-2015-031 Purchase Workers Compensations Ins Midwest Public Risk RESOLUTION NO. R— 2015-031
A RESOLUTION AUTHORIZING THE PURCHASE OF WORKERS COMPENSATION
INSURANCE FROM MIDWEST PUBLIC RISK FOR THE ANNUAL PREMIUM RENEWAL IN AN
AMOUNT NOT TO EXCEED $159,054.00
WHEREAS, the City of Riverside has a need for workers compensation 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 workers compensation has presented an invoice in the amount of
$159,054.00 for annual renewal such insurance coverage; and
WHEREAS, funds for such purpose were budgeted in the Fiscal Year 2015-2016 budget,
and will be paid July 1, 2015; 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 Midwest Public Risk for workers compensation insurance coverage for the City of
Riverside, in an amount not to exceed $159,054.00.
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 Midwest
Public Risk for workers compensation insurance coverage for the City of Riverside, in an amount
not to exceed $159,054.00 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 16th day of June, 2015.
9 m&4"r )X L j
MAyor Kathleen L. Rose
ATTEST;
Robin Littrell; C'y•Clerk.,
0