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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.