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A RESOLUTION

AUTHORIZING THE CITY OF LAKEWOOD TO PAY VAN GILDER INSURANCE CORPORATION OF COLORADO FOR THE EXCESS GENERAL LIABILITY INSURANCE PREMIUM AND THE EXCESS PROPERTY INSURANCE PREMIUM

WHEREAS, the City has established a risk-financing program, self-insurance, with a per occurrence retention of $350,000 for general liability and a per occurrence of $50,000 for property; and

WHEREAS, the City has used the services of Van Gilder Insurance Corporation as a broker to do the primary market searches and negotiations; and

WHEREAS, the insurers have been selected through the auspices of Van Gilder Insurance Corporation.

NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lakewood, Colorado that:

SECTION 1. The City Manager is authorized to approve these payments to Van Gilder Insurance Corporation for excess general liability and property coverage in the amount of One Hundred Eight Thousand, Eight Hundred Thirty-Seven and no/100 Dollars ($108, 837.00) and One Hundred Twenty-Six Thousand, Five Hundred Seventy-Five and no/100 Dollars ($126, 575.00) respectively.

SECTION 2. The City Treasurer is authorized to make these payments in accordance with these insurance policies to Van Gilder Insurance Corporation.

INTRODUCED, READ AND ADOPTED by a vote of 10 For and 0 Against at a regular meeting of the City Council on February 11, 2002, at 7 o'clock p.m. at Lakewood Civic Center, 480 South Allison Parkway, Lakewood, Colorado.

Stephen A. Burkholder, Mayor

ATTEST:

Margy Greer, City Clerk

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