Resolution No. 9144t
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RESOLUTION NO. 9144
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
VERNON APPROVING AND RATIFYING ACTIONS TAKEN
REGARDING RENEWAL OF POLLUTION LEGAL LIABILITY
INSURANCE FROM AMERICAN INTERNATIONAL SPECIALTY
LINES INSURANCE COMPANY
WHEREAS, the City of Vernon has evaluated its liability
insurance policies in light of the acquisition of properties by the
City; and
WHEREAS, the City's current Pollution Legal Liability
Insurance Policy with American International Specialty Lines Insurance
Company ("American") for insurance for pre-existing conditions of
acquired properties expired on September 15, 2006; and
WHEREAS, the City desired to renew the policy of insurance
to protect the City; and
WHEREAS, the City of Vernon needed to purchase the necessary
pollution legal liability insurance before September 15, 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 coverage for the period September 15, 2006
through September 15, 2007; and
WHEREAS, Arthur J. Gallagher has recommended that the City
enter into an�arrangement with American for the provision of
insurance; and
WHEREAS, in order to meet the urgent need for renewal of the
insurance policy, the Acting Risk Manager authorized the renewal and
the payment of the annual premium in the sum of $18,129.14 and
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executed any forms necessary to implement the insurance with American,
subject to ratification by the City Council; and
WHEREAS, the City Council of the City of Vernon desires to
approve and ratify the actions taken by the Acting Risk Manager in
obtaining the renewal of the pollution legal liability insurance for
pre-existing conditions of acquired properties and approve and ratify
the payment of the annual premium in accordance therewith and any
document executed by the Acting Risk Manager; 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 renewal of the Pollution Legal Liability Insurance
with American, 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 authorizes the Acting Risk Manager, or his designee, to
execute any and all documents necessary for the purpose of securing
the renewal of the insurance and to implement and carry out the
purposes specified in the insurance renewal on behalf of the City of
Vernon.
SECTION 3: The City Council of the City of Vernon hereby
approves and ratifies the annual premium payment of $18,129.14 in
accordance with the terms of the insurance renewal.
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1 SECTION 4: The City Council of the City of Vernon hereby
2 directs the Acting City Clerk, or his designee, to send a copy of this
3 Resolution to:
4 Arthur J. Gallagher & Co.
Insurance Brokers of California, Inc.
5 Attn. James C. Falbo, Area Vice President
6 505 N. Brand Blvd., Suite 600
Glendale, CA 91203-3944
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SECTION 5: The Acting City Clerk of the City of Vernon
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shall certify to the passage of this resolution, and thereupon and
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thereafter the same shall be in full force and effect.
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APPROVED AND ADOPTED this 18th day of October, 2006.
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13 LEONIS C. MALB RG, Mayor
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ATTEST:
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17 BRUCE V. MALKENHORST, JR.
18 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. 9144, was duly adopted by the City Council of the City
of Vernon at a regular meeting of the City Council duly held on
Wednesday, October 18, 2006, and thereafter was duly signed by the
Mayor of the City of Vernon.
BRUCE V. MALKENHORST, JR.
Acting City Clerk
(SEAL)
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