Loading...
243.2018 Marshall & Sterling Upstate to Renew Insurance Coverage RESOLUTION AUTHORIZING MARSHALL & STERLING UPSTATE, INC. TO RENEW TOWN OF QUEENSBURY INSURANCE COVERAGE WITH TRIDENT/ARGONAUT AND CYBER INSURANCE COVERAGE WITH ASCENT/LLOYDS AND POLLUTION LIABILITY COVERAGE WITH CHUBB EFFECTIVE JULY 1, 2018 -JUNE 30, 2019 RESOLUTION NO.: 243, 2018 INTRODUCED BY: Mr. Anthony Metivier WHO MOVED FOR ITS ADOPTION SECONDED BY: Mrs. Jennifer Switzer WHEREAS, by Resolution No.: 173, 2017, the Queensbury Town Board authorized Marshall & Sterling Upstate, Inc., to renew insurance coverage for the Town of Queensbury effective July 1", 2017 — June 30th, 2018 from Trident/Argonaut and to renew cyber-coverage for the Town from Ascent CyberPro, and WHEREAS, the Town Board wishes to authorize the renewal of insurance coverages with Trident/Argonaut and Ascent/Lloyds effective July lst, 2018 —June 30th, 2019, in accordance with Marshall and Sterling Upstate, Inc.'s Proposal dated 7/1/2018 and Ascent/Lloyds' Renewal Proposal dated June 5, 2018 presented at this meeting, and WHEREAS, the Town Board also wishes to authorizes Pollution Liability coverage with Chubb also as set forth in Marshall and Sterling Upstate, Inc.'s Proposal dated 7/l/2018, NOW, THEREFORE, BE IT RESOLVED, that the Queensbury Town Board hereby authorizes and directs the Town Budget Officer and Marshall & Sterling Upstate, Inc., to renew insurance coverages for the Town of Queensbury effective July lst, 2018 — June 30th, 2019 from Trident/Argonaut in accordance with Marshall and Sterling Upstate, Inc.'s Proposal dated 7/1/2018 and to renew cyber-coverage for the Town from Ascent/Lloyds in accordance with Ascent/Lloyds' Renewal Proposal dated June 5, 2018, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes its Pollution Liability coverage with Chubb also as set forth in Marshall and Sterling Upstate, Inc.'s Proposal dated 7/l/2018, and BE IT FURTHER, RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to execute any and all documentation to effectuate such renewals/insurance coverage and the Town Supervisor and/or Town Budget Officer to take any actions necessary to effectuate the terms of this Resolution. Duly adopted this 18th day of June, 2018, by the following vote: AYES Mr. Strough, Mr. Metivier, Mrs. Atherden, Mr. Ferone, Mrs. Switzer NOES None ABSENT: None