Resolution No. 90941
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RESOLUTION NO. 9094
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING AND RATIFYING THE ACTIONS TAKEN
REGARDING THE RENEWAL AND/OR PURCHASE OF COMMERCIAL
INSURANCE POLICIES (PROPERTY AND EXCESS LIABILITY),
EMPLOYEE BENEFIT, PUBLIC EMPLOYEE CRIME AND EXCESS
WORKERS' COMPENSATION THROUGH ARTHUR J. GALLAGHER &
CO.
WHEREAS, the City's current Commercial Insurance Program
consisting of a Property Policy (including earthquake and equipment
breakdown), general liability and first and second excess liability
policies expires on July 1, 2006; and
WHEREAS, the City's current Public Employee Crime Policy
with Hartford Fire Insurance Company ("Hartford") for dishonesty,
forgery and fraud expires on June 22, 2006; and
WHEREAS, the City desired to renew the policies of insurance
to protect the City; and
WHEREAS, on December 7, 2005, the City Council of the City
of Vernon adopted Resolution No. 8921 authorizing the withdrawal from
the Independent Cities Risk Management Authority Workers' Compensation
Program for the fiscal year beginning on July 1, 2006; and
WHEREAS, the City of Vernon needed to purchase the necessary
benefit and excess workers' compensation insurance before July 1,
2006; and
WHEREAS, the City employed the services of Arthur J.
Gallagher & Co. Insurance Brokers of California, Inc. ("Arthur J.
Gallagher") to act as the City's broker to structure and obtain the
appropriate insurance coverages for the period July 1, 2006 through
July 1, 2007; and
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WHEREAS, in order to meet the urgent need for renewal of the
insurance policies and the purchase of the necessary insurance, the
Chief Deputy City Attorney submitted the required applications and
application renewal forms, subject to ratification by the City
Council; and
WHEREAS, the City Council of the City of Vernon desires to
ratify the actions taken to obtain the necessary insurance coverage
for the Commercial Insurance Program, the Employee Benefit, Public
Employee Crime and Excess Workers' Compensation be ratified; and
WHEREAS, the City Council of the City of Vernon has
determined that, pursuant to the provisions of subsection (a) of
Section 2.27 of the Vernon City Code, it is in the public interest and
necessity to ratify the purchase and renewal of the various insurance
coverages through Arthur J. Gallagher.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF VERNON AS FOLLOWS:
SECTION 1: The City Council of the City of Vernon hereby
finds and determines that the recitals contained hereinabove are true
and correct.
SECTION 2: The City Council of the City of Vernon hereby
ratifies and approves the renewal of the Commercial Insurance Program
consisting of a Property Policy, General Liability and first and
second excess liability policies through Arthur J. Gallagher & Co and
authorizes the Acting City Clerk, or his designee, to execute any and
all documents necessary for the purpose of securing the renewal of the
Commercial Insurance Program and to implement and carry out the
purposes specified in the insurance renewal on behalf of the City of
Vernon.
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SECTION 3: The City Council of the City of Vernon hereby
ratifies and approves the renewal of the Public Employee Crime Policy
Insurance through Arthur J. Gallagher & Co and authorizes the Acting
City Clerk, or his designee, to execute any and all documents
necessary for the purpose of securing the renewal of the Public
Employee Crime Policy Insurance and to implement and carry out the
purposes specified in the insurance renewal on behalf of the City of
Vernon.
SECTION 4: The City Council of the City of Vernon hereby
ratifies and approves the actions taken in purchasing new insurance
coverage for employee benefit and excess workers' compensation
policies.
SECTION 5: The City Council of the City of Vernon hereby
approves the payment of the annual premium in accordance with the
terms of the insurance renewals and purchases in an estimated not to
exceed amount of $897,119.00.
SECTION 6: The City Council of the City of Vernon hereby
directs the Acting City Clerk, or his designee, to send a copy of this
Resolution to:
Arthur J. Gallagher & Co.
Insurance Brokers of California, Inc.
Attn. Jayne Sexton Mazziotti, Account Executive
505 N. Brand Blvd., Suite 600
Glendale, CA 91203-3944
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1 SECTION 7: The Acting City Clerk of the City of Vernon
2 shall certify to the passage of this resolution, and thereupon and
3 thereafter the same shall be in full force and effect.
4 APPROVED AND ADOPTED this 5th day of July, 2005.
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7ft.EONIS C. MALB G, Mayor
8 ATTEST:
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11 BRUCE V. LKENHORST, JR.
Acting City Clerk
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STATE OF CALIFORNIA )
) ss
COUNTY OF LOS ANGELES )
I, BRUCE V. MALKENHORST, JR., Acting City Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 9094, was duly adopted by the City Council of the City
of Vernon at a regular meeting of the City Council duly held on
Wednesday, July 5, 2006, and thereafter was duly signed by the Mayor of
the City of Vernon. f
1
BRUCE V. LKENHORST, JR.
Acting City Clerk
(SEAL)
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CITY COUNCIL
LEONIS C. MALBURG
Mayor
THOMAS A. YBARRA
Mayor Pro-Tem
WM. "BILL" DAVIS
Councilman
H. "LARRY" GONZALES
Councilman
W. MICHAEL McCORMICK
Councilman
July 19, 2006
IqE
4305 Santa Fe Avenue, Vernon, California 90058
telephone (323) 583-8811
Arthur J. Gallagher & Co.
Insurance Brokers of California, Inc.
Attn: Ms. Jayne Sexton Mazziotti, Account Executive
505 N. Brand Blvd., Suite 600
Glendale, CA 91203-3944
SOL BENUDIZ
Police Chief
MARK C. WHITWORTH
Acting Fire Chief
LEWIS J. POZZEBON
Director of Environmental Health
S. KEVIN WILSON
Director of Community Services
SHARON L. DUCKWORTH
Acting City Treasurer
Re: Renewal and/or Purchase of Commercial Insurance Policies (Property
and Excess Liability), Employee Benefit, Public Employee Crime and
Excess Workers' Compensation Through Arthur J. Gallagher & Co.
Transmitted herewith is a copy of Resolution No. 9094 which was
approved by the City of Vernon City Council on July 5, 2006.
If you have any questions regarding this matter, please call Mr.
Willard Yamaguchi at (323) 583-8811 ext. 175.
Ver truly yours,
Nel y Gi on
Deputy City Clerk
NG:dr
c: W. Yamaguchi
Resolution No. 9094
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