SAN JOSE I SANTA CLARA
WATER POLLUTION CONTROL PLANT
September 15, 2023
The Honorable Mayor and City Council
City of San José
200 East Santa Clara Street
San José, CA 95113
Dear Mayor Mahan and City Council:
TREATMENT PLANT ADVISORY COMMITTEE
At its meeting of September 14, 2023, the Treatment Plant Advisory Committee (TPAC) reviewed this item concerning Insurance Renewals for San José - Santa Clara Regional Wastewater Facility.
5. C. Recommendation to the City Council on Insurance Renewals for San José - Santa Clara Regional Wastewater Facility
Staff Recommendation:
Recommend that the City Council authorize the Director of Finance to:
(a) Select and purchase City property and liability insurance for the San José - Santa Clara Regional Wastewater Facility for the period October 1, 2023 to October 1, 2024, at a total cost not-to-exceed $633,887 as well as an 18 percent contingency for additional property or assets scheduled, subject to the appropriation of funds with the following carriers:
(1) Factory Mutual Insurance Company for Property Insurance, including Boiler & Machinery and Terrorism Risk Insurance Act Coverage;
(2) Beazley Syndicate 2623/623 at Lloyd’s for Terrorism Insurance; (3) The Princeton Excess and Surplus Lines Insurance Company and Arch Specialty Insurance Company for $15 million in Excess Flood Insurance on a 50/50 quota share basis; and
(4) Gemini Insurance Company for Auto Liability Insurance for the vehicle fleets at the San José - Santa Clara Regional Wastewater Facility.
Action: On a motion made by Committee Member Hardy and a second by Committee Member Davis, TPAC recommended approval of item 5. C.
Ayes - 8 (Candelas, Cohen, Davis, Hardy, Harkness, Kwok, Turner, Watanabe) Nays - 0
Absent - 1 (Montano)
Sincerely,
David Cohen, Chair
TREATMENT PLANT ADVISORY COMMITTEE
700 LOS ESTEROS ROAD SAN JOSE, CA 95134
SUPPLEMENTAL COUNCIL AGENDA: 9/26/23
FILE: 23-1280
ITEM: 3.5