1986/06/18 Council Minutes - Laserfiche WebLink

246 June 10,1906 ecides w hee yeteFie teraaypoiicy TahoucI nbe 4X:ha d rashculao't rclty self-ins[ejr BillCushman, FI Director said In 1984 the cty was able to talo gee amount of $0,000,000 forpremium w of 8$8,000, with se d co rage E 85,000,000 for a$25,000 lth $100,000 deductible on five v eparate cl Ime. In January a of 1995, tee ecoverage s for for the first aix months ofthe year a a coat of $25,000 the $20,000,000 and $69,000 for the$5,0001000. From June of 1985 to June of 1986,the o city's coverage wasonly$4,500,000 at a premium of$400,000 with a $500,000 deductible for each claim. The policy offered to the city yesterday was a Claims Made Policy for 0$2,000,000 000 deductible forclaim. fees) im at a premium of $210,000 with $1,00 He said after discussing this instead theadministration, mistra ion they liability e ending that the city, of purchasing policy, t the$210,000, plus all money budgeted for insurance premiums,end place it in the Tort Liability Fund. fV Councilman Over ...Id bout educating the employeesarding �4A cma and AnnFredericks11 employeesabout '1'n� passible claims and report to her any problems b y see. o Roved by ane crecommendation e� ph seconded yCouncilman datio not Tort purchase liability insurance eouar dna Plane ane funds 1n the ore ism 1 = Roll was calledwith all councilmen votingo yd spate Councilman Pope who w ed tion carri 414 i`'' COUNCIL BILL NO.866-45 t S d SECOND READING ¢ providing for tee Cordell Street vacation to of �. AN OROINANC hev from Haver 0t[ (EdgemOor an set to its terminus. r 5 COUNCIL BILL NO.866-46 uI [g[gFIRST READING N NA E supplementing a propriationa oP the budget for Che O cv ty Nof Everett for 1986 and ending Ordinance No. 1232-06. 3 IURRighLi