HomeMy WebLinkAbout7791 - Helicopter Liability InsuranceRESOLUTION NO. 7 7 9 1
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH ACCEPTING THE BID OF MILUM
AND GARVEY FOR HELICOPTER LIABILITY INSURANCE
COVERAGE RENEWAL FOR ONE YEAR
WHEREAS, pursuant to the notice inviting bids for
helicopter liability insurance and non -owned aircraft liability
insurance coverage, in accordance with the specifications prepared
by the City's risk management insurance analyst, Mund, McLaurin &
Company, bids were received, and opened on the 18th day of August,
1972; and
WHEREAS, it appears that the lowest responsible bidder
therefor is Milum and Garvey, insurance agents;
NOW, THEREFORE, BE IT RESOLVED by the City Council of
the City of Newport Beach that the bid of Milum and Garvey for
the above described insurance combined single limit for both bodily
injury and property damage coverage, in the amount of $3,000,000.00,
for an annual premium of $2,150.00, be accepted; said insurance is
to be placed with United States Aircraft Insurance Group.
BE IT FURTHER RESOLVED that the City Manager is hereby
authorized to execute the necessary documents to obtain the above
described helicopter liability insurance coverage, for a period of
one year, commencing on September 17 , 1972.
ADOPTED this 28th day of August, 1972.
ATTEST:
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AUG'31 192 8/30/72
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