HomeMy Public PortalAbout11274 O R D I N A N C E NO. 11274
AN ORDINANCE, awarding a contract to Greenwich Insurance
Company for the District’s Blocked Main Sewer Line Backup Insurance and
Overcharged Sewer Line Backup Insurance coverage from July 1, 2002 to June
30, 2003, with an emergency clause
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. Greenwich Insurance Company, who submitted a
combined quote for the District’s Blocked Main Sewer Line Backup Insurance
coverage, with an annual combined aggregate retention of Two Million Three
Hundred Thousand ($2,300,000.00), and a combined aggregate limit of Ten
Million Dollars ($10,000,000.00) in excess of claims, with a Fifteen Thousand
Dollar ($15,000.00) deductible per claim for such policy period; and the District’s
Overcharged Sewer Line Backup Insurance coverage with the same policy
aggregate and limit as hereinabove stated, and a per claim limit of Two Thousand
Dollars ($2,000.00) with a One Hundred Dollar ($100.00) deductible per claim; at
a combined premium of Seven Hundred Forty-two Thousand ($742,000.00) for
such policy period is hereby awarded the contract for such insurance coverages
from July 1, 2002 to June 30, 2003.
Section Two. The insurance coverage as herein awarded is essential
for the operation of the District and for the protection of the public; and must be
extended without delay, thus creating an emergency within the meaning of the
Charter of the District. Accordingly, this ordinance shall take effect immediately
upon its enactment.
The Foregoing Ordinance was adopted June 26, 2002 by the following vote-
Ayes – T.W. Purcell, M.G. Reichert, A.J. Soukenik, C.D. Seward, and M.C.
Williams.
Nays – None.
Secretary-Treasurer