046.99
RESOLUTION AUTHORIZING INCREASE IN UMBRELLA LIABILITY
INSURANCE COVERAGE FROM $5 MILLION TO $10 MILLION
RESOLUTION NO.: 46. 99
INTRODUCED BY: Mr. Douglas Irish
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Pliney Tucker
WHEREAS, the Town Board of the Town of Queensbury by Resolution No.: 8,99, appointed
Cool Insuring Agency, Inc. as the Town’s general insurance agent for 1999 and approved the Town’s
insurance coverage limits and payment of initial annual premiums for 1999 as set forth in as
Memorandum from the Town Comptroller to Town Counsel dated December 30, 1998, and
WHEREAS, the Town Comptroller and Town Counsel have recommended that the Town
Board authorize increasing the Town’s Umbrella Liability Insurance Coverage from $5 million to $10
million for an annual additional premium cost of $6,400,
NOW, THEREFORE, BE IT
RESOLVED, that the Town Board of the Town of Queensbury hereby approves and
authorizes an increase in the Town’s Umbrella Liability insurance coverage from $5 million to $10
million for an additional annual insurance premium cost of $6,400, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Controller and/or
Town Supervisor to prepare any necessary applications or forms and take any other action necessary to
effectuate the terms of this Resolution.
th
Duly adopted this 25 day of January, 1999, by the following vote:
AYES : Mr. Irish, Mr. Tucker, Mr. Merrill, Mr. Turner
NOES : None
ABSENT: Mr. Champagne