HomeMy Public PortalAbout11889 O R D I N A N C E NO. 11889
AN ORDINANCE, awarding a contract to Zurich Insurance Company
for the District’s Blocked Main Sewer Line Backup Insurance and Overcharged
Sewer Line Backup Insurance coverage from October 14, 2004 to October 13, 2005.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. Zurich Insurance Company, who submitted a combined
quote for the District’s Blocked Main Sewer Line Backup Insurance and
Overcharged Sewer Line Backup Insurance coverage, with an annual aggregate
retention of Four Million Dollars ($4,000,000.00) each for overcharged sewer lines
and blocked mains; an aggregate policy limit of Ten Million Dollars ($10,000,000.00)
in excess of claims; 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 Five Hundred Dollars ($2,500.00) with a One Hundred
Dollars ($100.00) deductible per claim; at a combined premium of Seven Hundred
Ninety-seven Thousand Three Hundred Eighty-seven Dollars ($797,387.00) for such
policy period is hereby awarded the contract for such insurance coverage from
October 14, 2004 to October 13, 2005.
The foregoing Ordinance was adopted November 10, 2004.