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HomeMy Public PortalAboutr 13-234P,ojk #tar of fire pvrmt�h of (utleM, No. 13 -234 DECEMBER 19 2013 Date nl' Adoption � AUTHORIZING RENEWAL OF INSURANCE COVERAGE WITH MIDDLESEX COUNTY JOINT INSURANCE FUND FOR THE YEARS 21114 -2016 WHEREAS, the Borough of Carteret has participated as a member of the Middlesex County Municipal Joint Insurance Fund (hereafter the "Fund ") existing pursuant to Chapter 372, Laws of 1953 r(V J.S.A 40A:10 -36 et. seq.); and is desirous of continuing said membership for a.term expwing on December 31, 2013 ; and WHEREAS, the governing body of the Borough of Carteret has determined that continued membership in the Fund is in the best interest of the municipality; NOW, THEREFORE, BE IT RESOLVED by Borough of Carteret, in the County of Middlesex, mid the State of New Jersey, as follows: SECTION 1. The Borough of Carteret hereby agrees to continue as a member of the Fund for a period commencing January 1, 2014, and terminating on December 31, 2016 for the purpose of securing the following types of insurance coverage: a) Workers Compensation and Employer's Liability. b) General Liability Coverage (including Public Official, Police Professional). c) Motor Vehicle and Equipment Liability Coverage. d) Property Damage Coverage (including Building & Contents, Automobile Physical Damage, Contractors Equipment, Boiler & Machinery and Public Employee Blanket Bonds). After the expiration of the said three (3) year period of membership, participation may be canceled or extended in accordance with die ByLaws of the Fund. SECTION 2. For lire purposes of contribution of sums into the Fund to be designated for administrative costs and claims, the Borough of Carteret hereby agrees to obtain the types of coverage from the Fund as are set forth in Section 1 of this Resolution and the Indemnity and Trust Agreement to be signed by it. SEC'T'ION 3. The ByLaws of Ore Middlesex County Municipal Joint Insurance Fund, attached hereto, have been adopted and accepted. SECTION 4. The Borough's Law Director is hereby authorized and directed to execute an Indemnity and Trust Agreement signifying continued membership. Adopted this 19 day of December, 2013 mid certified as a true copy of the original on December 20, 2013. KATHLEEN M. BARNEY, Municipal Clerk RECORD OF COUNCIL VOTE COUNCILMAN YES NO . NV A.B. COUNCILMAN 1'1i NO NV AAA BELLING X X - --- -- DIAZ X NA E X DT MASCTn X SITARZ X - Indicate Van A - Absent NV - Net Voting XOR - ledicnles Vac to Overnde Will Adopted at a meeting of the Municipal Council DECEMBER 19, 20 n.lau,