HomeMy WebLinkAboutMINUTES-07/30/1968-Special136
July 30, 1968
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MINUTES OF A SPECIAL CALLED MEETING OF THE COUNCIL OF THE CITY OF FORT COLLINS
Held Tuesday, July 30, 1968, at 4:30 o1clock P.M.
Present:
Councilmen Carson, Troxell,
Kissock and Bennett.
City Manager Coffey,
City Attorney March
and Director of Public Works
Liquin. Absent:
Councilman Kruchten,
excused.
The Mayor
called the meeting to order
and requested the City
Clerk to read the
special call for this
meeting.
The Mayor
asked the City Managerif he
had bids on insurance
to present for their
approval.
There were three bidders and two bids were received from each bidder. The bid
proposal on a one year basis were as follows:
Farnham & Garwood Agency $22,266.00
Galyardt & Harvey Agency 32,865.00
L. C. Wilson 20,491.00
These amounts are the total insurance coverage for liability, physical damage,
umbrella coverage, physical property coverage, valuable papers, broad form crime and perform-
ance blanket position bond.
The bid proposal for a three year policy prepaid from the same agencies, were
as follows:
Farnham & Garwood Agency $63,520.00
Galyardt & Harvey Agency 96,473.00
L. C. Wilson Agency 61,473.00
On this policy, the total three year premium of the Farnham & Garwood Agency
and the Galyardt & Harvey bid is payable in full. The L. C. Wilson three year premium is
three times the bid for the annual premium. There was considerable discussion in reference
to the three year policy and the one year policy and any advantage that the City might
obtain from a three year policy or vice versa from a one year policy. One of the
agency representatives spoke in reference to the 1967 policy which he stated was a three
year policy and stated that a short rate clause for a three year policy would cause a
penalty premium to be paid. There was considerable discussion b Etaeen members of the Council
and the representative., that the policy considered and approved in 1967, was a one year
policy only and if the company issued a three year policy, it was not in compliance with t
bid let. After further discussion between members of the Council themselves, the City
Manager and City Attorney, motion was made by Councilman Troxell, seconded by Councilman
Benntt, that the proposal of the L. C. Wilson Agency for a three year policy with an
annual
premium payable of
$20,491.00,
be accepted.
Roll
was called resulting as
follows:
Ayes:
Councilmen Carson,
Troxell and
Bennett.
Absent:
Councilman Kruchten,
excused.
Nayes: Councilman Kissock— The President declared the motion adopted.
Motion was made by Councilman Troxell, seconded by Councilman Bennett, that the
Council adjourn. Roll was called resulting as follows: Ayes: Councilmen Carson,
Troxell, Kissock and Bennett. Absent:' Councilma7Kruchten, excused. Nayes: None.
The President declared the motion adopted and the Counc' adjourned.
Mayor '
TEST:
ty Clerk