HomeMy WebLinkAboutRES 11-323 RESOLUTION NO. 11-323
WHEREAS, bids were received for a policy for excess workers' compensation
insurance; and,
WHEREAS, McGriff, Seibels and Williams of Dallas, Texas, representing Star
Insurance Company, submitted a bid as follows:
$87,500 Annual flat rate based on the 2012 projected payroll of
$71,830,500 for the first year
$.1219 Per $100 of payroll for the optional two (2) additional one (1)
year periods
and,
WHEREAS, City Council is of the opinion that the bid submitted by McGriff, Seibels
and Williams of Dallas,Texas, representing Star Insurance Company,should be accepted;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the statements and findings set out in the preamble to this resolution are hereby, in
all things, approved and adopted; and,
THAT the bid submitted by McGriff, Seibels and Williams, representing Star
Insurance Company, for a policy for excess workers' compensation insurance in the
amount shown above be accepted by the City of Beaumont. The policy is effective
January 1, 2012, for one year with an option to renew two (2) additional one (1) year
periods at the same guaranteed rate; and,
BE IT FURTHER RESOLVED THAT the City Manager be and he is hereby
authorized to execute a contract with Star Insurance Company, of Dallas, Texas, for the
purposes described herein.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the 22nd day of
November, 2011.
- Mayor Becky Ames -