HomeMy Public PortalAbout03429 O R D I N A N C E NO. 3429
AN ORDINANCE renewing a contract with State Farm
Insurance Company for the District's automobile fleet insurance
coverage from February 1, 1978 to February 1, 1979, with an
emergency clause.
WHEREAS, State Farm Insurance Company, the carrier of
the District's automobile fleet insurance coverage from February
1, 1977 to February 1, 1978, by virtue of its low bid of
$40,995.80 annual premium, has submitted a proposal for renewal of
such contract for the year February 1, 1978 to February 1, 1979 at
a cost for the year of $39,977.84 for such policy period, and
WHEREAS, such premium is at a lower rate than last
year, Ordinance No. 3210 thus permits renewal, and it is the
opinion of the District's insurance advisor that a solicitation of
bids would result in no material advantage to the District,
NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF TRUSTEES
OF THE METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The State Farm Insurance Company, the
present insurance carrier for the District's automobile fleet
insurance, is hereby awarded the renewal contract for such
coverage from February 1, 1978 to February 1, 1979 at and for a
premium of Thirty-nine Thousand Nine Hundred Seventy-seven Dollars
and Eighty-four Cents ($39,977.84),
Section Two. This Ordinance being for the award of a
contract for the District's automobile fleet insurance and thus
being necessary for the protection of the public welfare,
constitutes an emergency within the meaning of the Plan, and this
Ordinance shall be and become effective immediately upon its
adoption.
The foregoing Ordinance was adopted January 25, 1978.