HomeMy WebLinkAboutM1982-0035 - 03/24/1982MOTIONS - 3/24/82
24. The City purchase a three year Fire and Extended Coverage insurance
policy from Commonwealth Lloyd's Insurance Company at a premium of
$333,663.00 for the period March 31, 1982 through March 31, 1985. The
Insurance Advisory Committee concurs in this recommendation. Insured
property values increased from the 3 -31 -79 value of $39,393,762 to
$66,878,060, an increase of $27,484,298, which included a net
inflation value increase of $12,074,298. The 3 year premium increased
from the 3 -31 -79 premium of $205,926 to $333,663, an increase of
$127,737. The cost per $100 of coverage has decreased from $.52 to
$.50.
SEP 19 1984
M82-0035 MICROFILMLR