Resolution No. 93471
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RESOLUTION NO. 9347
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, Employee Benefit and Excess Workers' Compensation insurance
policies expires on July 1, 2007 (collectively, the "Commercial
Policies"); 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, 2007 (the "Crime Policy"); and
WHEREAS, the City desired to renew the policies of insurance
to protect the City; and
WHEREAS, the City of Vernon needs to purchase the necessary
Crime Policy before June 22, 2007, and the necessary Commercial
Policies before July 1, 2007; 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 June 22, 2007 to June
22, 2008 (Crime Policy) and July 1, 2007 through July 1, 2008
(Commercial Policies); and
WHEREAS, in order to meet the urgent need for renewal of the
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insurance policies and the purchase of the necessary insurance, the
Chief Deputy City Attorney/Risk Manager 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 Crime Policy and the Commercial Policies 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, Employee Benefit and Excess Workers'
Compensation insurance policies through Arthur J. Gallagher & Co and
authorizes the City Administrator, or his designee, to execute any and
all documents necessary for the purpose of securing the renewal of the
Commercial Policies 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
ratifies and approves the renewal of the Public Employee Crime Policy
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Insurance through Arthur J. Gallagher & Co and authorizes the City
Administrator, or his designee, to execute any and all documents
necessary for the purpose of securing the renewal of the Crime Policy
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 the payment of the annual premium for the Crime Policy in
accordance with the terms of the insurance renewal and purchase in an
estimated not to exceed amount of $2,172.00.
SECTION 5: The City Council of the City of Vernon hereby
approves the payment of the annual premium for the Commercial Policies
in accordance with the terms of the insurance renewals and purchases
in an estimated not to exceed amount of $1,005,000.
SECTION 6: The City Council of the City of Vernon hereby
directs the City Clerk, or her designee, to send a copy of this
Resolution to:
Arthur J. Gallagher & Co.
Insurance Brokers of California, Inc.
Attn. Nasreen Kopecky, Account Manager
15 Enterprise, Suite 200
Aliso Viejo, CA 92656
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1 SECTION 7: The City Clerk of the City of Vernon shall
2 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 25th day of June, 2007.
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7 Name: Leonis C. Malburg
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Title: Mayor
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ATT ST:
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14 MANUELA GIRON, Ci;�y Clerk
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STATE OF CALIFORNIA )
) ss
COUNTY OF LOS ANGELES )
I, MANUELA GIRON, City Clerk of the City of Vernon, do hereby
certify that the foregoing Resolution, being Resolution No. 9347, was
duly adopted by the City Council of the City of Vernon at a special
meeting of the City Council duly held on Monday, June 25, 2007, and
thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of
Vernon.
� I
ANUELA GIR N„fCity Clerk
(SEAL)
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SUPPORTING
DOCUMENTS
July 12, 2007
Arthur J. Gallagher & Co.
Insurance Brokers of California, Inc.
ATTN: Ms. Nasreen Kopecky, Account Manager
15 Enterprise, Suite 200
Aliso Viejo, CA 92656
Re: Resolution No. 9347 - 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.
Transmitted herewith is a copy of Resolution No. 9347 that was
approved by City Council on June 25, 2007.
If you have any questions regarding this matter, please call Mr.
Willard Yamaguchi at (323) 583-8811 ext. 175.
,Very truly yours,
7
Nelly Gi on
City Clerk
NG:dr
c: Willard Yamaguchi
Karina Rueda
Resolution No. 9347
E,�Ccfusivefy Industriaf