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Home My WebLink AboutR-2016-053 Flood Insurance 1001 Argosy Parkway RESOLUTION NO. R—2016-053 A RESOLUTION AUTHORIZING THE PURCHASE OF FLOOD INSURANCE FROM THE HARTFORD INSURANCE COMPANY OF THE MIDWEST FOR PROPERTY LOCATED AT 1001 ARGOSY PARKWAY IN AN AMOUNT NOT TO EXCEED $13,917.00 WHEREAS, the City of Riverside has a need for flood insurance coverage at 1001 Argosy Parkway; 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 flood insurance required at 1001 Argosy Parkway has presented an invoice in the amount of$13,917.00 for such insurance coverage; and WHEREAS, funds for such purpose were budgeted in the Fiscal Year 2016-2017 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 of such insurance coverage and approve the payment to Hartford Insurance Company of the Midwest for flood insurance coverage for property located at 1001 Argosy Parkway, in an amount not to exceed $13,917.00. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI, AS FOLLOWS: THAT, the acquisition of such insurance coverage and payment to Hartford Insurance Company of the Midwest for flood insurance coverage on property located at 1001 Argosy Parkway, in an amount not to exceed $13,917.00 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 a':A day of August, 2016. 6&Aja - M yor Kathleen L. Rose ATT Robin.Kincaid,"City'Clerk POLICY NUMBER: 99012806252015 RECEIVED Hartford Insurance Company of the Midwest JUL 18 2016 FLOOD INSURANCE RENEWAL PREMIUM NOTICE IMPORTANT: THIS FLOOD INSURANCE POLICY WILL EXPIRE: 9/05/2016 PAYOR NAME&MAILING ADDRESS PRODUCER NAME&MAILING ADDRESS CITY OF RIVERSIDE MISSOURI PRODUCERk:03668-00000-000-00001 2950 NW VIVION RD COWELL INSURANCE GROUP INC RIVERSIDE,MO 64150-1502 10525 N AMBASSADOR DR STE 301 KANSAS CITY,MO 64153-1284 Please Sq , (816)587-4419 INSURED NAME for Approval to Pay LOCATION OF INSURED PROPERTY 1001 ARGOSY PARKWAY CITY OF RIVERSIDE MISSOURI RIVERSIDE,MO 64150-0000 BUILDING DESCRIPTION: RESTROOMS If you are no longer responsible for the payment of the premium on this policy please notify your agent. COVERAGE DEDUCTIBLE PREMIUM OPTIONS BUILDING DING 1. Option 1 includes a 100/6 increase in $215,400 $1,250 the amount of building coverage and 1 $14 126.00 a 5"/o increase in the amount of CONTENTS CONTENTS 8 contents coverage. $3,400 $1,250 g OVERAGE DEDUCTIBLE PREMIUM OPTIONS 2. Option 2 is the amount of insurance BUILDING B DIN coverage currently in force. $195,800 $1,250 �$ CONTENTS CONTENTS 2 $13,917.00 $3,200 $1,250 Primary Residence:N NOTE:If payment is sent via Certified Mail,the postmark date is used as the premium receipt date,ensuring the earliest receipt date possible.Certified Mail can also be tracked at www.usps.com. Effective April 1,2016,policies currently receiving Pre-FIRM subsidized rates may not be eligible to maintain those rates at the next renewal when the policy payment is received more than 90 days after policy expiration. If paying by CHECK,please detach and return bottom remittance portionwithyour payment in the enclosed envelope. Print Date: 7/07/2016 PLEASE DO NOT STAPLE INSURED NAME&MAILING ADDRESS CITY OF SIDE MISSO PRODUCER 03668 000000000000001 2950 NW VIVION RD RIVERSIDE,MO 64150-1502 POLICY NUMBER 99012806252015 RENEWAL EFFECTIVE DATE: 9/05/2016 Payment must be received by the due date to retain the Policy Effective Date PAYMENT DUE BY: 9/05/2016 SELECT COVERAGE OPTION: CHECK PAYMENT COUPON ONLY ❑ $14,126 $13,917 Make check payable to: (See reverse side for credit card payment option.) HARTFORD FIRE INSURANCE COMPANY ILuLhLulLhnlnlhntlludlhnlluhlmllDlmlhl Please see the enclosed notice for important information HARTFORD FIRE INSURANCE COMPANY about your policy renewal. PO Box 731178 Dallas,TX 75373-1178 990128062520151968211780014126000013917000 CREDIT CARD COUPON ONLY CITY OF RIVERSIDE MISSOURI Select a Payment Option: (See reverse side for check payment option.) 2950 NW VIVION RD RIVERSIDE,MO 64150-1502 1.To pay online,log on to:www.MyFluod.com PIN: F07010%16000 2.To pay by phoue,call(866)667-9739 POLICY NUMBER 99012806252015 3.To pay by mail complete the information below,detach,and return in the enclosed envelope. CARD NUMBER. ❑VISA ❑MASTPRCARD ❑AMERICAN ExeRESS O DISCOVER PAYMESELECT NTDUE AGE OPTION: 9/05/2016 $14,126 $13,917 EXPIRATION DATE: / LIJILIIILIDILttItllttlhlll1tI11JILI1IJJILIIILJJ CARDHOLDER NAME CARDHOLDER PHONE NUMBER HARTFORD FIRE INSURANCE COMPANY CARDHOLDER BILLING ADDDRESS CARDHOLDER BELLING ZIP CODE POBox Kalispelll,,NIT 59903-2057 CARDHOLDER SIGNAL E. Thiapoli,is wt wbjwt to car Wlsion for..other than thow aH forth in da Naaonal Hood In... Pro®am wba end reguhtiora.N matter imolviog billing die flm w=ftuim u rat avabble otherthan for billin,processing error or laud. Payment must be received by the due date to retain the Policy Effective Date POLICY NUMBER: 99012806252015 Hartford Insurance Company of the Midwest FLOOD INSURANCE RENEWAL PREMIUM NOTICE IMPORTANT: THIS FLOOD INSURANCE POLICY WILL EXPIRE: 9/05/2016 PAYOR NAME&MAILING ADDRESS PRODUCER NAME&MAILING ADDRESS CITY OF RIVERSIDE MISSOURI PRODUCER#:03668-00000-000-00001 2950 NW VIVION RD COWELL INSURANCE GROUP INC RIVERSIDE,MO 64150-1502 10525 N AMBASSADOR DR STE 301 KANSAS CITY,MO 64153-1284 (816)587-4419 INSURED NAME LOCATION OF INSURED PROPERTY 1001 ARGOSY PARKWAY CITY OF RIVERSIDE MISSOURI RIVERSIDE,MO 64150-0000 BUILDING DESCRIPTION: RESTROOMS If you are no longer responsible for the payment of the premium on this policy please notify your agent. COVERAGE DEDUCTIBLE PREMIUM OPTIONS _ -- RUMD BUILDING 1. Option 1 includes a 109/6 increase in $215,400 $1,250 the amount of building coverage and a 5%increase in the amount of - 1 $14,126.00 contents coverage. CONTENTS CONTENTS $3,400 $1,250 2. Option 2 is the amount of insurance COVERAGE DEDUCTIBLE PREMIUM OPTIONS tly $ 95 8BUILDING BUILDING 1,250 G cover currently m force. 2 $13,917.00 CONTENTS CONTENTS $3,200 $1,250 Primary Residence:N NOTE:If payment is sent via Certified Mail,the postmark date is used as the premium receipt date,ensuring the earliest receipt date possible.Certified Mail can also be tracked at www.usps.com. Effective April 1,2016,policies currently receiving Pre-FIRM subsidized rates may not be eligible to maintain those rates at the next renewal when the policy payment is received more than 90 days after policy expiration. Please see the enclosed notice for important information about your policy renewal. Print Date: 7/07/2016 Page 1 of 1 Policy Number: 99012806252016 Transaction Date: 08-03-2016 at 12:39 PM Remittance ID: 55744476 Approval Code: 003472 Premium Amount Owed: $13,917.00 Account Charged: $13,917.00 Balance: $0.00 https://myflood.com/Payments/PaymentConfirmationPage.aspx?bid=99012806252016&r... 08/03/2016