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HomeMy WebLinkAboutCity Council Resolution 1999-450CITY OF PLYMOUTH RESOLUTION NO. 99-450 AUTHORIZING THE PURCHASE OF EXPANDED Y2k INSURANCE WHEREAS, the City desires to purchase expanded Y2k insurance coverage for potential liability and property losses; and WHEREAS, the City has reviewed the proposal for the necessary insurance coverage; and WHEREAS, the City received a proposal from the League of Minnesota Cities Insurance Trust for $4,896 for coverages and limitations set forth in the Risk Management Coordinator's memo dated October 11, 1999. NOW, THEREFORE, BE IT HEREBY RESOLVED BY THE CITY COUNCIL OF THE CITY OF PLYMOUTH, MINNESOTA, that the City Council authorizes the purchase of expanded Y2k insurance as outlined in the Risk Management Coordinator's memo, from the League of Minnesota Cities Insurance Trust for $4,896. The cost will be paid from the Risk Management Fund. Adopted by the City Council on October 19, 1999.