HomeMy WebLinkAboutR-2016-073 Auto and Liability Insurance MoPERM RESOLUTION NO. R- 2016-073
A RESOLUTION AUTHORIZING THE PURCHASE OF AUTO AND LIABILITY INSURANCE
FROM THE MISSOURI PUBLIC ENTITY RISK MANAGEMENT FUND INSURANCE COMPANY
FOR THE ANNUAL PREMIUM RENEWAL IN AN AMOUNT NOT TO EXCEED $92,223.00
WHEREAS, the City of Riverside has a need for auto and liability insurance coverage on all
city owned vehicles and property; 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 auto and liability insurance has presented an invoice in the amount of
$92,223.00 for annual renewal 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 and renewal of such insurance coverage and approve the
payment to Missouri Public Entity Risk Management Fund (MoPerm)for auto and liability insurance
coverage for the City of Riverside, in an amount not to exceed $92,223.00.
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 Missouri
Public Entity Risk Management Fund (MoPerm) for auto and liability insurance coverage, in an
amount not to exceed $92,223.00 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 20"'day of December, 2016.
z4dzl,ii�- �� —
Mayor Kathleen L. Rose
ATTEST:
Robin Kincaid, City Clerk
ANNE
INVOICE
MISSOURI PUBLIC ENTITY RISK MANAGEMENT FUND
3425 Constitution Court,3rd Floor
P.O. Box 7110
Jefferson City MO 65102
(888)566-7376 Fax(573)751-8276 Date Invoice Number
12-1-2016 130718
Account Number Policy Number
1002 LP-1002-201701
Invoice To:
CITY OF RIVERSIDE
2950 NW VIVION RD TERMS DUE UPON RECEIPT
RIVERSIDE MO 64150 PLEASE REMIT PAYMENT TO:
MOPERM
3425 Constitution Court,3rd Floor
P.O.Box 7110
Jefferson City MO 65102
Description Amount
Auto Physical Damage(Fleet) $16,618.00
Automobile Liability(Fleet) $13,264.00
General Liability $12,993.00
Employment Practices Liability $22,826.00
Errors&Omissions Liability $2,098.00
Lew Enforcement Liability $21,384.00
Healthcare Malpractice $2,240.00
Cyber&Information Breach Coverage $600.00
TOTAL AMOUNT DUE $92,223.00