297.92
RESOLUTION AUTHORIZING AGREEMENT WITH INSURANCE COMPANY
FOR PUBLIC OFFICIALS AND EMPLOYEES
LEGAL LIABILITY POLICY
RESOLUTION NO. 297, 92
, Introduced by Mr. Nick Caimano who moved
for it's adoption, seconded by Mrs. Susan Goetz.
WHEREAS, the Town Board of the Town of Queensbury has been
presented with information concerning it's public officers and
employees legal liability policy and the fact that it's up for
renewal on May 25th, 1992 and that the Town will select certain
options with regard to liability limits and premium costs, and
WHEREAS, the Town Board of the Town of Queensbury after
considering the information presented to it this date has made a
decision,
NOW, THEREFORE BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby
authorizes the Town Supervisor to enter into an agreement with the
Insurance Company for public officials and employees legal
liability policy in the amount of an aggregate limit of
$3,000,000.00 with the retention per loss to be $10,000.00 and with
the understanding that the premium will be $11,372.00 per year, and
BE IT FURTHER
RESOLVED, this shall be paid from the appropriate account for
payment of insurance for the Town of Queensbury.
Duly adopted this 20th day of May, 1992, by the following
vote:
AYES: Mr. Caimano, Mr. Tucker, Mrs. Goetz, Mrs. Monahan,
Mr. Brandt
NOES: None
ABSENT: None