HomeMy WebLinkAbout1992-160ORDINANCE NO. 16
AN ORDINANCE ACCEPTING THE PROPOSAL OF ARKWRIGHT MUTUAL INSURANCE
COMPANY FOR PROPERTY/CASUALTY, BOILER/MACHINERY, COMMERCIAL CRIME
AND VEHICLE COLLISION INSURANCE COVERAGE; AUTHORIZING THE
EXPENDITURE OF FUNDS THEREFOR; AND DECLARING AN EFFECTIVE DATE.
THE CITY COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION I. That the proposal of Arkwright Mutual Insurance
Company for property/casualty, boiler/machinery, commercial crime
and vehicle collision insurance coverage for the City of Denton is
hereby accepted.
SECTION II. That the City Council hereby authorizes the
expenditure of funds in the manner and amount as specified in the
agreement, not to exceed $114,549.
SECTION III. That this ordinance shall become effective
immediately upon its passage and approval.
SECTION IV. That the Risk Manager is hereby directed to fur-
nish the City Secretary with a copy of the insurance binder evi-
dencing such insurance coverage upon receipt.
PASSED AND APPROVED this the A day of1992.
ATTEST:
JENNIFER WALTERS, CITY SECRETARN
BY : W
APPROVED AS TO LEGAL FORM:
DEBRA A. DRAYOVITCH, CITY ATTORNEY
BY: Lma) D
tHINKC®RN®DHT
ARKWRIGHT INSURANCE COMPANY, Waltham, Mass:
has bound or changed insurance for:
Mr. Max Blackburn
CITY OF DENTON
Municipal Building
215 East McKinney
Denton, Texas 76201
Binder Agreement
J4'1
mpany
1900
55 Nod Road
les, 'Texas 75240
233 1094
FAX 214 233 0324
Stock Company Form
Page 1 of 10
Until cancelled or replaced by a policy or policy material, this Binder Agreement
covers in accordance with the standard Arkwright Policy Forms specified below for
the State or Province in which the property insured is located.
* The limits of Liability shown shall be the Company's maximum total liability in a
single occurrence for Property Damage and resultant Time Element loss, if applicable.
EFF AT 12:O1am:10/01/92 POL EFF DATE:10/01/92 INSURING VARIOUS
POLICY NO. :21035013 POL EXP DATE:10/01/95 PROPERTY:
COVERAGE
FORMS AND/OR
VALUES
* LIMITS OF
LIABILITY(000)
R
R
DEDUCTIBLE
ACV AMOUNT SEP COMB
APPLICABLE
ENDORSEMENTS
(000)
AlProperty Damage
14000T,SEC.I &1111
143,337
SEE THE
FOLLOWING
Xj
I SEE THE
FOLLOWING
BlExtra Expense
Insurance
14000T-EE 1
14000T-ALS/PA/RI 1
500
100
PAGES FOR
PAGES FOR
CIRental
DIMisc Unsched Loc-PD
14000T,SEC.I &III1
2,877
ALL LIMITS
JXJ
I ALL
I
I I
IDEDUCTIBLES
THIS BINDER AGREEMENT IS ISSUED TO RENEW BOILER & MACHINERY POLICY 390695 AND
WILL INCORPORATE SERIES 4000 FORMS AND ENDORSMENTS CURRENTLY IN USE BY THIS
COMPANY FOR TEXAS DOMICILED POLICIES.
SEE THE FOLLOWING PAGES FOR COVERAGES, VALUES, LIMITS, CONDITIONS, ETC.
J-005-0930-64 10/05/92
Binder Number Binder Dated
Binder Expiration
J1AORIZED USteinkraus