HomeMy Public PortalAbout12678O R D I N A N C E NO. 12678 AN ORDINANCE, awarding a contract to Steadfast Insurance
Company for the District's Blocked Main and Overcharged Sewer Line Backup
Insurance coverage from July 1, 2008 to June 30, 2009.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. Steadfast Insurance Company, who submitted a
combined quote for the District's Blocked Main and Overcharged Sewer Line
Backup Insurance coverage, with an aggregate retention of Six Million Dollars
($6,000,000.00) for the time period July 1, 2008 through June 30, 2009, for
overcharged sewer lines and blocked mains; an aggregate policy limit of Sixteen
Million Dollars ($16,000,000.00) 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 Five Hundred Eighty-five Thousand Dollars ($585,000.00) for
such policy period is hereby awarded the contract for such insurance coverage from
July 1, 2008 to June 30, 2009.
The foregoing Ordinance was adopted June 12, 2008.