HomeMy Public PortalAbout04646 O R D I N A N C E NO. 4646
AN ORDINANCE, awarding a contract to National Union
Fire Insurance Company (Lawton, Byrne, Bruner Insurance Agency
Co., agent) for the District's Public Official Liability Insurance
coverage from March 8, 1982 to March 8, 1985, with an emergency
clause.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The National Union Fire Insurance
Company, who submitted the lowest overall bid to the District for
the District's Public Official Liability Insurance coverage, with
an annual aggregate coverage of $2,000,000, and with a deductible
amount of $15,000 per loss, and a $1,000 deductible per
individual, of those bids received and opened on February 11,
1982, at 11:00 A.M., at the District's office, at and for a three
(3) year premium of Twenty-two Thousand One Hundred Fifty-five
Dollars ($22,155.00), to be payable in annual installments of
Seven Thousand Three Hundred Eighty-five Dollars ($7,385.00) for
such policy period, is hereby awarded the contract for such
liability coverage from March 8, 1982 to March 8, 1985.
Section Two. The insurance coverage as specified
herein is necessary for the protection of the public welfare, and
the contract for such coverage must be awarded without delay, thus
creating an emergency within the meaning of the Plan.
Accordingly, this ordinance shall take effect immediately upon its
enactment.
The foregoing Ordinance was adopted February 24, 1982.