Loading...
HomeMy Public PortalAbout13850ORDINANCE NO. 13850 AN ORDINANCE, awarding a contract to Zurich (Steadfast) Insurance Company (McGriff, Seibels & Williams of Missouri, Inc., agent) for the District's Blocked Main and Overcharged Sewer Line Backup Insurance coverage from July 1, 2014 to June 30, 2015. BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. Zurich (Steadfast) Insurance Company (McGriff, Seibels & Williams of Missouri, Inc., agent), who submitted a combined quote for the District's Blocked Main and Overcharged Sewer Line Backup Insurance coverage, with an aggregate retention of Eight Million Five Hundred Thousand Dollars ($8,500,000.00) for the time period July 1, 2014 through June 30, 2015, for overcharged sewer lines and blocked mains; an aggregate policy limit of Eighteen Million Five Hundred Thousand Dollars ($18,500,000.00) 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 Three Thousand Dollars ($3,000.00) with a One Hundred Dollars ($100.00) deductible per claim; at a combined premium of Three Hundred Forty Thousand and One Dollars ($340,001.00) for such policy period is hereby awarded the contract for such insurance coverage from July 1, 2014 to June 30, 2015. The foregoing Ordinance was adopted on June 12, 2014.