HomeMy Public PortalAbout05056 O R D I N A N C E NO. 5056
AN ORDINANCE awarding a contract with the General
Reinsurance Corporation (The Daniel and Henry Company, Agent) for
the District's Excess Workers' Compensation Insurance coverage
from May 1, 1983 to April 30, 1984, with an emergency clause.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The General Reinsurance Corporation, who
submitted the lowest bid for the District's Excess Workers'
Compensation Insurance, with an annual aggregate coverage of Two
Million Dollars ($2,000,000.00), and with a self-insured retention
of Two Hundred Fifty Thousand Dollars ($250,000.00) each
occurrence, for one year, at and for the rate of $0.110 per $100
remuneration, and for a deposit premium of Seven Thousand Seven
Hundred Fifty Dollars ($7,750.00), is hereby awarded the contract
for such insurance coverage from May 1, 1983 to April 30, 1984.
Section Two. This Ordinance being for the award of a
contract for the District's Excess Workers' Compensation
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 April 27, 1983.