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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: qPCity ClerlE rX ZRTW-IED AS Y E INAL CE4y cL= o-F VHF, CIT! OF _ PORT BEACH DON : mh AUG'31 192 8/30/72 om