061-86 Ordinance
\. . RECORD OF ORDINANCES 1 8 5
National Graphics Corp., COls., O. .... Form No. 2806-A
Ordinance N 0 ._______~~=~~_______ Passed_______u__u______ _______________n__m__19___~ u
AN ORDINANCE TO ACCEPT A BID FOR
PROPERTY AND CRIME INSURANCE PRO-
TECTING THE VILLAGE OF DUBLIN,
OHIO: AND DECLARING AN EMERGENCY.
WHEREAS, bids have been received for Property and Crime Insurance
including Buildings and Contents, Extra Expense, Valuable Papers,
Scheduled Property, Employee Dishonesty Blanket Coverage and Broad
Form Money and Securities Coverage, and;
WHEREAS, the lowest/best bid is from Haughn & Associates in the
amount of $8,256.00 for coverage from August 23, 1986 to
August 23, 1987.
NOW, THEREFORE, BE IT ORDAINED by the Council of the Village of Dublin,
State of Ohio, 6 of the elected members concurring:
Section 1. That the bid of Haughn & Associates for the period
August 23, 1986 to August 23, 1987 be, and hereby is, accepted.
Section 2. That the Village Manager be, and he hereby is, authorized
to enter into a contract with said firm for said insurance coverage.
Section 3. That this Ordinance be, and the same hereby is, declared to
be an emergency measure for the reason that the current coverage will
expire on August 23, 1986 and therefore this Ordinance shall take effect
and be in force immediately upon its passage.
Passed this 18th day of August , 1986.
~o.l,tHA Q, n1 o.~
ayor - Presldlng Offlcer
Attest:
/J . ~' /~. )
_ !/Utnt.b:J ~
Clerk of CO~CiJI
Sponsor: Village Manager
, hereby certify that co i f h' .
wer~ posted in the Villa~ es f 0 i t:5 O.rdlOanceIResol""^^
SectIon 731 2~ 0' the "h' <> R 0, .Dub.:n 10 accordance \. "I
. " I , U dO . e,lssd Code.
~dnuo '//J. <<-~7tJ
Clerk of Council . --
MEMORANDUM
TO: Council Members and Village Manager
FROM: David L. Harding, Administrative Assistant to the Village Manager Dtt-
SUBJECT: Property and Crime Insurance
DATE: August 12, 1986
On Friday, August 1, 1986 bids were opened for Property and Crime Insurance.
Attached please find the tabulation of bids and an ordinance accepting the
lowest/best bid. You will note that Haughn & Associates, Inc. has submitted
the lowest bid. Based on this tabulation, I would recommend that their bid
in the amount of $8,256.00 for the period covering August 23, 1986 to August 23,
1987 be accepted by Council. Following is a summary of the type and amount of
coverage included.
-k Building and Contents
Coverage: 90% blanket on all real and personal property with a per
occurrence deductible of $250.00.
..,'r Extra Expense
Coverage: $100,000.00 blanket on Municipal Building and Maintenance
Building. (This is Indirect Loss coverage - a loss arising
as a consequence of a direct loss, e. g. , the cost of renting
office space for the engineering staff if engineering offices
are destroyed by fire.)
.'k Valuable Papers
Coverage: $50,000.00 blanket on Municipal Building.
(This covers the cost of reproducing valuable documents, e.g. ,
drawings, blueprints, deeds, maps, etc.
";': Scheduled Property Floater
Coverage: $207,311.00 with a $100 deductible.
Covers equipment and property consisting of such items as a
backhoe, leaf vacuum, insect fogger, mowers, tractors, plow
blades, walkie-talkies, etc. (Vehicles such as dump trucks
and police cruisers are covered under Fleet Insurance.)
-,- Crime
-
Coverage: $50,000.00 per occurrence blanket for Employee Dishonesty.
Coverage: $10,000.00 blanket for loss of money and securities inside and
outside the premises.
Since the current coverage expires on August 23, 1986, I respectfully request
that the attached ordinance be adopted as emergency legislation.
DLH: fmu
Attachments
.
11 :00 A.M.
~ugust 1, 1986
BID TABULATION - PROPERTY INSURANCE
Bidder Bid #1 Bid #2 Bid #3
Haughn & Associates, Inc. $ 8,256.00 $ 8,060.00 $ 7,720.00
Len Webb Agency * $13,801.00 $13,442.00 $13,088.00
* This bid includes a $200.00 deductible instead of the requested $250.00
deductible.
BID #1 - Property Coverage Including Buildings & Contents with $250 Deductible
BID #2 - Property Coverage Including Buildings & Contents with $500 Deductible
BID #3 - Property Coverage Including Buildings & Contents with $1,000 Deductible