ANKENY CITY COUNCIL

Regular Agenda

July 17, 2017
5 : 30 PM
Gary Lorenz, Mayor
Mark Holm, Mayor Pro tem
Council Members: Bobbi Bentz, Jim McKenna, Wade Steenhoek, Kerry Walter-Ashby
Print
ORIGINATING DEPARTMENT: COUNCIL GOAL:
City Clerk High Performing City Organization: Financially Sound, Providing Service Value
ACTION REQUESTED:
Motion
LEGAL:
SUBJECT:

Consider motion to approve the renewal of the City's general insurance policy with Iowa Communities Assurance Pool (ICAP) for policy year July 16, 2017 to July 16, 2018 with premium amount of $240,181.39.
EXECUTIVE SUMMARY:
The renewal keeps all limits of coverage the same as in previous year.   The total premium amount for the policy year is $277,788.22. The city has received a membership credit in the amount of $37,606.83 which has been applied to the premium payment, reducing the amount owed to $240,181.39.     
FISCAL IMPACT: No
CITY MANAGER'S RECOMMENDATIONS:
Approve the renewal of the City's general insurance policy with Iowa Community Assurance Pool for the policy year July 16, 2017 to July 16, 2018.
PREVIOUS COUNCIL/COMMISSION/BOARD ACTION(S):
PUBLIC OUTREACH EFFORTS:
ACTION REQUESTED:
ADDITIONAL INFORMATION:
ATTACHMENTS:
Click to download
Insurance Invoice/MemberCreditVoucher