HomeMy Public PortalAbout06402 O R D I N A N C E NO. 6402
AN ORDINANCE, awarding a contract to Federal Insurance
Company (Ricci Associates, Inc., agent) for the District's
Fiduciary Liability Insurance coverage from March 8, 1986 to March
7, 1987, 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 a quote for the District's Fiduciary Liability Insurance
coverage, at and for an annual premium of Seven Thousand Two
Hundred Fifty Dollars ($7,250.00) for such policy period, is
hereby awarded the contract for such liability coverage from March
8, 1986 to March 7, 1987.
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 26, 1986.