Exhibit 1
RESOLUTION NO. 2025-117
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 2025-2026 FOR AN AMOUNT NOT TO EXCEED $719,305
WHEREAS, the City Council of the City of Carlsbad, California has determined that it has a desire 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, 2025, and concluding on June 30, 2026, for an annual premium in an amount not to exceed $719,305.
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 proposed action is not a “project” as defined by CEQA Section 21065 and CEQA Guidelines Section 15378(b)(4) and does not require environmental review under CEQA Guidelines Section 15060(c)(3) as it is a government fiscal activity and does not involve any commitment to any specific project which may result in a potentially significant physical impact on the environment.
3.That the purchase of $100 million of property coverage through Aon, effective July 1, 2025, to June 30, 2026, is hereby approved and the City Manager or designee is authorized to direct the Deputy City Manager of Administrative Services to issue payment in an amount not to exceed $719,305 for payment of the property insurance premium.
June 10, 2025 Item #2 Page 2 of 3
Docusign Envelope ID: 2E395E45-310C-43D1-A4B6-0F7CC6CE6910
PASSED, APPROVED AND ADOPTED at a Regular Meeting of the City Council of the City of Carlsbad on the 10th day of June, 2025, by the following vote, to wit:
AYES: Blackburn, Bhat-Patel, Acosta, Burkholder, Shin.
NAYS: None.
ABSTAIN: None.
ABSENT: None.
______________________________________
KEITH BLACKBURN, Mayor
______________________________________
SHERRY FREISINGER, City Clerk
(SEAL)
June 10, 2025 Item #2 Page 3 of 3
Docusign Envelope ID: 2E395E45-310C-43D1-A4B6-0F7CC6CE6910