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HomeMy Public PortalAbout10251 O R D I N A N C E NO. 10251 AN ORDINANCE, awarding a contract to Reliance National Indemnity Company for the District's Sewer Line Backup Insurance coverage from January 1, 1998 to January 1, 1999. BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT: Section One. The Reliance National Indemnity Company who submitted a quote for the District's Sewer Line Backup Insurance coverage, with an annual aggregate limit of Two Million Two Hundred Fifty Thousand Dollars ($2,250,000.00) which is in excess of the first One Million Dollars ($1,000,000.00) of claims, with a Ten Thousand Dollar ($10,000.00) deductible per claim, at a premium of Two Hundred Eighty-seven Thousand Five Hundred Dollars ($287,500.00) for such policy period, is hereby awarded the contract for such insurance coverage from January 1, 1998 to January 1, 1999. The foregoing Ordinance was adopted December 15, 1997.