HomeMy WebLinkAboutAppropriating $177,000 Liability Insurance Premium ORDINANCE No. 7562-85
Passed by the Common Council of the City of South Bend, Indiana
December 2, ig 85
Attest: ``' City Clerk
IRENE K. GAMMON
Attest: /'�/ 1 �- ' President of Common Council
Presented by me to the Mayor of the City of South Bend, Indiana
December 3, 19 85
City Clerk
IRENE K. GAMMON
Approved and signed by me L .(9X--e/1Y1 this-, 4, ig Z
if / Lii Mayor
ORDINANCE NO. 7S(07,-) - "--
AN ORDINANCE APPROPRIATING THE SUM OF $177, 000
FROM THE LIABILITY INSURANCE PREMIUM AND RESERVE
FUND TO ACCOUNT 324 . 0 IN THE AMOUNT OF $47, 000
AND ACCOUNT 391 . 0 IN THE AMOUNT OF $130, 000, BOTH
ACCOUNTS BEING WITHIN THE SELF-INSURANCE DEPARTMENT
BUDGET.
STATEMENT OF PURPOSE AND INTENT:
The City of South Bend has, during 1985, experienced a large
increase in insurance premiums, an increased level of claims settled and a
fire loss currently in litigation;
NOW-, THEREFORE, BE IT ORDAINED by the Common Council of the
City of South Bend, Indiana as follows:
SECTION I. The following sums of money are hereby
appropriated as set forth below:
342 . 0 Insurance Premiums $ 47, 000. 00
391 . 0 Refunds, Awards, Indemnities 130,000. 00
TOTAL $177, 000. 00
SECTION II. This ordinance shall be in full force and
effect from and after its passage and approval by the Mayor.
N,(7406;7-(14.--)
Member of the Co o Council
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ROGER O. PARENT, Mayor
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Michael L. Vance
Director, Administration and November 12, 1985 219/284-9742
Finance
Mrs. Beverlie Beck, President
South Bend Common Council
4th Floor Council Chambers
South Bend, Indiana 46601
Dear President Beck:
The enclosed additional appropriation ordinance is being filed
for first reading of the November 18, 1985 Council meeting. The
ordinance appropriates $177,000 within the insurance and safety
budget of the self-insurance fund.
It is requested that $47, 000 be appropriated to account 342. 0 ,
insurance premiums. This is necessary due to the large increase in
premiums we saw during the 1985 renewal. Additionally, I am
requesting that $130, 000 be appropriated to account 391. 0, awards and
indemnities. Of the above amount, $30, 000 is due to an increased
level of claims settled during 1985. $100,000 represents those funds
necessary to restore fire station no. 6 (South Bend Theatre, Inc. ) .
As you are aware, the City' s legal department has filed suit against
Brunner, Cassady, Neeser and Hartford Insurance for the amount of the
claim. While that is being determined by the courts, we would like
to go ahead and start the rebuilding of the facility. The project
has been awarded, by the Board of Public Works, to L.L. Geans and
Company at a cost of $99,800. That award was made subject to funding
by the Common Council.
If you have any questions, please feel free to contact
my office.
Sincerely,
Mit UCLAAA.A.....
Michael L. Vance, Director
Administration & Finance
MLV/caw
Enclosure
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can the Cloonan Olonnril of Up grit of*oath Brad:
Your Committee of the Whole
to whom was referred
BILL NO.
155-85 A BILL APPROPRIATING THE SUM OF $177, 000 FROM THE LIABILITY
INSURANCE PREMIUM AND RESERVE FUND TO ACCOUNT 342. 0 IN THE
AMOUNT OF $47, 000 AND ACCOUNT 391. 0 IN THE AMOUNT OF
$130,000, BOTH ACCOUNTS BEING WITHIN THE SELF INSURANCE
DEPARTMENT BUDGET.
Respectfully report that they h
y re p y ave examined the matter and that in their opinion
This bill should be recommended to the Council favorable
Joseph T. Serge hairman
FREE PRESS PUBLISHING CO.
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