12/26/1979 Special Mtg Board of Public Works Minutes

Home Browse Search

ME SPECIAL MEETING DECEMBER 26. 1979 A special meeting of the Board of Public Works was convened at 3:00 p.m. on Wednesday, December 26, 1979 by President Patrick M. McMahon, with Mr. McMahon, Mr, Brunner and Mr. Mullen present. Deputy City Attorney Terry A. Crone and Chief Deputy Controller Michael L. Vance were in attendance, as was City Attorney Designate Richard Hill, Mr. McMahon announced that the only order of business was to consider a recommendation on the City insurance proposals. Mr. Mullen reported that the Board received proposals on December 3 and those proposals have been reviewed with Corporate Policyholders Counsel, Inc. It has been determined that the City will do its' own claim work and a Risk Manager will be hired with responsibility for the safety of employees. Mr. Mullen said, based on that review and the recommendation of Corporate Policyholder's Counsel, it is recommended that the coverage be split and the proposals accepted as follows: . New Hampshire Insurance Company through Jerry J. Miller Agency Type of Coverage Features Workmen's Compensation Dividend possible if loss ratio is less than 60% General Liability Auto Liability Umbrella Liability Contractor's Equipment Crime $100,000 S.I.R. $25,000 property damage liability deductible.. $5,000,00011limit All Risk - $250 deductible $500,000 limit - faithful performance bond Premium $97,335.00 88,696.00 53,046.00 62,000.00 4,926.00 2,771.00 Hartford Insurance Company through Bruner - Cassady- Neeser Agency Type of Coverage Features Property Damage All Risk - $25,000 (Building and Contents) deductible Automobile Physical Damage Boiler and Machinery Fine Arts Business Interruption (Two parking garages plus Century Center) $2,000,000 limit $25,000 deductible 0 Deductible All Risk - $100 deductible All Risk - 0 deductible Premium $62,455.00 830.00 3,502.00 613.00 1,127.00 1