Loading...
HomeMy Public PortalAboutr 19-206P�Zxxbaff>aa of fly) )36)jgfj of aarbu , �C JM. No #19-206' Dale of AUTHORIZING RENEWAL OF INSURANCE COVERAGE WITH MIDDLESEX COUNTY JOINT INSURANCE FUND FOR THE YEARS 2020 -2022 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 1983 J.S.A 40A:10 -36 et, seq.); and is desirous of continuing said membership for a term expiring on December 31, 2022 ; 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, and the State of New Jersey, as follows: SECTION 1. T11e Borough of Carteret hereby agrees to continuous a member of the Fund for a period commencing January 1, 2020, and terminating on December 31, 2022 for the purpose of scouring the following types of insurance coverage: a) Workers Compensation and Employer's Liability, b) General Liability Coverage (including Public Official, Police Professional). e) Motor Vehicle and Equipment Liability Coverage. d) Property Damage Coverage (including Building & Contents, Automobile Physical Damage, Contractors Equipment; Boller & 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 the Bylaws of the Fund. SECTION 2. For the purposes of contribution of sums Into the Ford 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 Treat Agreement to be signed by it. SECTION 3. The Bylaws of the 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 12 day of December, 2019 and certified as a true copy of the original on December 13, 2019, CARMELA POGORZELSKI Acting Municipal Clerk RECORD OF COUNCIL VOTE COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.II. BELLING ,ORAL X DIAZ . KRUM X DIMASGIO ± — X — NAPLES X- Indicate Votc An- Absent NV -Not Voting XOR- lndicalcs Vol. to Overrule Veto Adopted at a meeting of the Municipal Council yy De vc ce per 12, 019 J v I Acting Municipal Clerk'