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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 of $69,000.00 for a new not-to-exceed amount of $443,677.00 through June 30, 2017; 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) coverage including pool contributions, stop loss coverage, SIR (self insured retention) fund replenishment, and risk management consulting in the amount not-to-exceed $443,677.00 through June 30, 2017 with the Michigan Risk Management Authority, located in Livonia MI.
Resolved, that the City of Rochester Hills City Council hereby authorizes a Blanket Purchase Order/contribution to the Michigan Municipal Risk Management Authority 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 not-to-exceed $443,677.00 through June 30, 2017.