HomeMy WebLinkAbout2009-06-22 09-217 ORDERCOUNCIL ACTION
Item No. 09 217
Date: June 22, 2009
Item/Subject: Order, Authorizing Contract Award for Insurance Coverage at Bangor
International Airport
Responsible Department: Airport
Commentary:
The City has received a quote through Sargent Tyler & West for insurance coverage at Bangor
International Airport for FY 10. The quote is from Global Aerospace, our current carrier. Last
year, the City increased the coverage limits from $100,000,000 to $300,000,000. The cost of
the policy is $307,880 compared to the current cost of $286,800. Due to pending litigation and
losses, no other carrier submitted a quote.
Given the extent of the potential liability the Airport could face and the limited availability of such
insurance, we recommend your approval of this quotation.
Department Head
Manager's Comments:
This has been reviewed and recommended by the Finance Committee.
City Manager
Associated Information:
Budget Approval:
Finance Director
Legal Approval:
CiW Solicitor
Introduced for
X Passage
First Reading
Page _ of _
Referral
09 2-17
Assigned To Councilor Stone June 22, 2009
CITY OF BANGOR
(TITLE.) Order, Authorizing Contract Award for Insurance Coverage at Bangor International Airport
By the City Council of the City of Eangor
ORDERED,
THAT the quotation provided by Sargent Tyler & West for insurance coverage at Bangor
International Airport in the amount of $307,880 is hereby accepted.
IN CITY COUNCIL
June 22, 20C9
Passed
CITY CLERK
ORDER
(TITLE,)Authoriging Contract Award for
Tnaii,-m„eP Coverage at Bangor International
Assigned to Councilor_ S