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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