HomeMy Public PortalAbout05885 O R D I N A N C E NO. 5885
AN ORDINANCE, awarding a contract to Federal Insurance
Company (Ricci Associates, Inc., agent) for the District's
Fiduciary Liability Insurance coverage from March 1, 1985 to
February 28, 1986, with an emergency clause.
BE IT ORDAINED BY THE BOARD OF TRUSTEES OF THE
METROPOLITAN ST. LOUIS SEWER DISTRICT:
Section One. The Federal Insurance Company, who
submitted the lowest bid to the District for the District's
Fiduciary Liability Insurance coverage, of those bids received and
opened on February 8, 1985, at 11:00 A.M., at the District's
office, at and for an annual premium of Five Thousand Ninety-five
Dollars ($5,095.00) for such policy period, is hereby awarded the
contract for such liability coverage from March 1, 1985 to
February 28, 1986.
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 20, 1985.