063.2004
RESOLUTION AUTHORIZING COOL INSURING AGENCY, INC.
TO PURCHASE TOWN INSURANCE COVERAGES
RESOLUTION NO.: 63, 2004
INTRODUCED BY: Mr. Tim Brewer
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Roger Boor
WHEREAS, Cool Insuring Agency, Inc. (Cool) is the Town of Queensbury’s general
insurance agent, and
WHEREAS, Cool solicited proposals from insurance companies for the Town’s insurance
coverage for 2004, and
WHEREAS, Cool has submitted the proposals to the Town Budget Officer and has
recommended that the Town authorize Argonant Companies (rated A-, A and A+ by AM Best) and
Travelers Property Casualty Group (rated A++) to write the Town policies and Diamond State (rated
A+) to write the Town’s Public Officials Liability policy, and
WHEREAS, the Town Budget Officer concurs with Cool’s recommendations and proposes
that the Town Board authorize Cool to purchase the insurance coverages as set forth in the Premium
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Comparison effective January 1, 2004 attached to the Budget Officer’s January 8, 2004
Memorandum attached to this Resolution,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby authorizes and ratifies Cool Insuring
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Agency, Inc.’s purchase of Town of Queensbury’s insurance coverages effective January 1, 2004 as
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delineated above and in the Town Budget Officer’s January 8, 2004 Memorandum and Cool’s
Premium Comparison attached to this Resolution, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to
execute any documentation and take any action necessary to effectuate the terms of this Resolution.
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Duly adopted this 12 day of January, 2004, by the following vote:
AYES: Mr. Boor, Mr. Turner, Mr. Strough, Mr. Brewer, Mr. Stec
NOES: None
ABSENT:None