RESOLUTION NO. 2022-144
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, APPROVING THE PURCHASE OF $100 MILLION OF PROPERTY INSURANCE COVERAGE THROUGH AON FOR FISCAL YEAR 2022-2023 FOR AN AMOUNT NOT TO EXCEED $490,000
EXHIBIT 1
WHEREAS, the City Council of the City of Carlsbad, California desires to renew its annual property insurance through Aon; and
WHEREAS, Aon has negotiated a renewal of $100 million of property coverage for the next fiscal year beginning July 1, 2022 and concluding on June 30, 2023 for an annual premium in an amount not to exceed $490,000.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Carlsbad, California, as follows:
1.That the above recitations are true and correct.
2.That the City Manager or designee is authorized to take all necessary and appropriate actions to purchase $100 million of property coverage through Aon, effective July 1, 2022, to June 30, 2023, in the amount not to exceed $490,000.
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 21st day of June, 2022, by the following vote, to wit:
AYES:
NAYS:
ABSENT:
Hall, Blackburn, Bhat-Patel, Acosta, Norby.
None.
None.
{-rFAVIOLA MEDINA, City Clerk Services Manager
(SEAL)
June 21, 2022 Item #1 Page 3 of 3