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Request for Purchase Authorization - MAYORS/FISCAL: Approval of insurance coverage (general liability, motor vehicle, physical damage, property and crime coverage) pool contributions/costs, legal defense and risk management consulting in the amount not-to-exceed $388,316.00; Michigan Municipal Risk Management Authority, Livonia, MI
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Whereas, the Mayor is requesting continuation of the City's Insurance (general liability, motor vehicle, physical damage, property and crime) coverage including pool contributions, stop loss coverage, SIR (self insured retention) fund replenishment, and risk management consulting in the amount of $388,316.00 for the period of July 1, 2018 through June 30, 2019 with the Michigan Municipal Risk Management Authority (MMRMA), located in Livonia, Michigan.
Resolved, that the Rochester Hills City Council hereby authorizes a Blanket Purchase Order/Contribution to the Michigan Municipal Risk Management Authority (MMRMA) of Livonia, Michigan for general liability, motor vehicle physical damage, property and crime coverage, pool contributions, stop loss coverage, SIR (self insured retention) fund replenishment, and risk management consulting in the amount of $388,316.00 for the period of July 1, 2018 through June 30, 2019.