HomeMy Public PortalAboutORD09375 BILL NO. , A
INTRODUCED BY COUNCILMAN a�
oil'
ORDINANCE N0.
AN ORDINANCE OF THE CITY OF JEFFERSON MISSOURI, AUTHORIZING AND
DIRECTING THE MAYOR AND CLERK, ON BEiULF OF SAID CITY, TO EXECUTE
A CONTRACT BETWEEN THE HERSHBARGER CORPORATION
AND THE CITY OF JEFFERSON, FOR THE REVIEW OF INSURANCE PROGRAM.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF JEFFERSON,
MISSOURI, AS FOLLOWS:
Section 1. The Mayor and Clerk of the City of Jefferson are
hereby authorized and directed, for and in the name of the City,
to execute a Contract between The Hershbarger Corporation
and the City of Jefferson, for the review of insurance program,
both property and casualty, and health insurance policies.
Section 2. A copy of said Contract is hereto attached and
by reference made a part hereof.
Section 3. This Ordinance shall be in full force and effect
from and after its passage and approval.
Passed i � .,� 7 Approved_
AM &a/esicwnt of theldouncil Mayor✓�
Attest
y Clerk.
«ate
CONTRACT FOR INSURANCE CONSULTING SERVICES
This agreement is made on 0.3 1" between
the City Council of Jefferson Ci y, Missouri, herein referred
to as client, and the Hershbarger Corporation, 507 Stalcup
Street, Columbia, Missouri, herein referred to as consultant.
Services to be rendered to client.
1. Review and analyze the current insurance program in
regard to the risk exposures which the client now faces ,
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2. Advise the client on the use and implementation of other
appropriate risk management techniques such as risk
avoidance, risk assumption, risk transfer and loss control.
3 . Assist and advise the client in the development of a new
insurance program based upon the finding in Points 1 and 2
above.
4. Prepare insurance specifications as necessary to permit
the client to request competitive bids for property and
liability insurance coverages and "health insurance coverages
based on the newly developed insurance program.
5 . Compare and analyze the completed quotations received from
insurance agents , brokers or companies .
6. Prepare recommendations for the award of the coverage(p)
to an agent, broker or company based upon the analysis
in Point 5 .
7. Assist the client in reviewing all new policies when issued
in order to insure compliance with the specifications ,
Remuneration 'for consultant,
1. It is agreed that the fee for the consultant is $50 per
hour of service, The maximum professional fee for the
services outlined in Points 1 through 7 for the Property,
Liability and Bond coverages and the Health insurance
coverage will be $3,250,
2, In addition to the above professional fees all necessary
direct expenses, i,e. , travel are to be reiup ursed with
a maximum of $150 on automobile expense.
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3. Clerical expense and report preparation expenses are
included in the professional fee. This includes one
copy of the specifications ready for reproduction by
the client and four copies of all other reports .
4. Two payments are to be made to the consultant. The
a:
first after the delivery of the completed specifications
based upon a time and expense statement but not to exceed
one half of the agreed maximum fee. The second payment
'i is to be made at the completion of the project based
upon a time and expense statement.
Completion Date.
I. Services should be completed by September 1, 1980.
Critical dates for the service will be mutually agreed,
In witness whereof, the parties have executed this agreement
at Jefferson City, Missouri, on the day and year first written
above.
;h
Consultant 'ent
,� Client