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HomeMy WebLinkAboutAGENDA REPORT 1990 0418 CC REG ITEM 08S/,1 so MOORPARK ITEM -a PAUL W. LAWRASON, Jr. Mayor SCOTT MONTGOMERY Mayor Pro Tern ELOISE BROWN Councilmember CLINT HARPER, Ph.D. Councilmember BERNARDO M. PEREZ Councilmember LILLIAN KELLERMAN City Clerk TO: FROM: DATE: SUBJECT: BACKGROUND HONORABLE CITY COUNCIL RICHARD HARE, DEPUTY CITY April 12, 1990 FIRE INSURANCE RENEWAL MAMA ER STEVEN KUENY City Manager CHERYLJ.KANE City Attorney PATRICK RICHARDS, A.I.C.P. Director of Community Development R. DENNIS DELZEIT City Engineer JOHN V. GILLESPIE Chief of Police RICHARD T. HARE City Treasurer The City of Moorpark currently has fire insurance coverage on on all of our buildings with American Economy Insurance through our broker Tolman & Wiker. This policy expires May 2, 1990. The premium for this year's coverage was $1,265 and the renewal premium for the same coverage is $1,271 with increased values due to building improvements and new construction, therefore our rate is actually lower. Our broker has requested quotes from other carriers but has not received a better quote. RECOMMENDATION Authorize the City Manager to renew the City's fire insurance coverage with American Economy Insurance through Tolman & Wiker for an annual premium of $1,271. ;vi00RPARK, CAUFORNv City Cou i Meeting Of 199.(,; ACTION: 799 Moorpark Avenue Moorpark, California 93021 (805) 529-6864