BCRUA_R-10-03-17-7D RESOLUTION NO. R-10-03-17-7D
WHEREAS, the Brushy Creek Regional Utility Authority ( "BCRUA" )
desires to purchase Errors & Omission Insurance from the Texas
Municipal League, Now Therefore
BE IT RESOLVED BY THE BRUSHY CREEK REGIONAL UTILITY
AUTHORITY,
That, subject to the approval of the Participating Cities, the
Board President is hereby authorized to execute a proposal acceptance
for the purchase of Errors & Omission Insurance from the Texas
Municipal League, a copy of same being attached hereto as Exhibit "A"
and incorporated herein for all purposes .
The Board hereby finds and declares that written notice of the
date, hour, place and subject of the meeting at which this Resolution
was adopted was posted and that such meeting was open to the public
as required by law at all times during which this Resolution and the
subject matter hereof were discussed, considered and formally acted
upon, all as required by the Open Meetings Act, Chapter 551, Texas
Government Code, as amended.
RESOLVED this 17th day of March, 2010 .
MIT H FULLER, P esident
Brus k- Regional Utility Authority
A TEST:
if Cowman, Secretary
C.\Documents ar,., -<.t ings\madams.CORR\Local Settings\Temporary Internet Fi1es\CLX1CD\F1*@ N:RLA - P"cA&"or Llrare CI—W 1.10 from TML (00186171).DOC/rmc
DATE: March 11, 2010
SUBJECT: BCRUA Board Meeting—March 17, 2010
ITEM: 7D. Consider a resolution authorizing the President to execute a proposal
acceptance for the purchase of Errors & Omissions Insurance from Texas
Municipal League.
Presenter: Chris Lippe
General Manager
Justification:
It was determined that general liability coverage insurance is not necessary during the construction
phase of the project. However,future assessment is required after the completion of the project.
After a review of the proposal provided by TML, it was recommended to purchase Errors and
Omissions coverage for this phase of the project. This coverage includes the legal obligation to pay
for any civil claim or claims which occurs due to a wrongful act during the covered year. This
coverage is through December 1, 2010.
Funding: Annual Cost-$557.00
Funding Source: Operating Budget
Liability Proposal Acceptance Pon+
Directions: This form and the Interlocal Agreement must be completed, signed and returned. it time is of the essence, you may
wish to use an express mail service or a facsimile copier. In the event you submit these documents by facsimile, the originals
must still be sent by regular mail. (Rote: Rural lire Prevention Districts and Emergency Service Districts must provide other
documents before coverage is effective.) Please indicate with (x) the coverages and method of payment that you are accepting.
RETURN TO: Texas Municipal League Intergovernmental Risk Pool, Underwriting Department
D.O. Box 149194, Austin, Texas 78714-9194
Phone: (512) 491-2300 or 1-800-517 6655 PAX: (512) 491-2404
.
.
.
Effective Anniversary
Coverage Limits Deductible Contribution Date Date
--------------' ---------------
-- - ._. - _ ._ �od&Zk .- /6110 servo •2q /°�ORRTA a .?o/O
( Errors i Omissions LiabilityS • _ 5 F
( ) •15yr Prior Acts Coverage (E&O) Same as E6O Same as EiO included
Method of Payment: ( 1 Quarterly W Annually (;t Discount)
1, the undersigned, as an authorized representative of: 2992 Brushy Creek Regional Utility Authority
do hereby accept on behalf of the above named political subdivision, the portion of the proposal as indicated above.
Signature of Authorized Official:
Title:
Date:
Office Use Only
I I I
The signed Interlocal Agreement (Contribution: Verified by: 1
oust accompany this form. I 1 ( (New ( )Re-awarding ( )Adding Coverage Entity ID: 2982 J
I I I I
• ACV.ActOal Cash value, AV-Agreed Value
•• This form must be accompanied by the Warrant of Incident Report if Prior Acts Coverage is elected-
••• Effective date cannot precede signature date.
AMATTRE 11-06 09 7:44:42 Texas Municipal League Intergovernmental Risk Pool L238 '
LIAB / 1 12-01-09 to 12-01-10 1-09-02
EXHIBIT
A
Bid / Proposal Summary
Date: 11/06/09
Proposed Proposed
Entity Name: Brushy Creek Regional Utility Authority Effective Date Anniversary Date
Entity ID: 2982 12/1/09 12/1/10
Annual
Type of Coverage Limit Deductible Contribution
Errors &Omissions Liability $ 1,000,000 Each wrongful act $ 1,000 $ 557.00
(Public Officials) $ 2,000,000 Aggregate
TOTAL ANNUAL: $ 557.00
Annual Payment Discount': $ -16.71
Total Annual Contribution: $ 540.29
Quarterly Payment: $ 139.25
SEE PROPOSAL FOR OPTIONAL COVERAGES,LIMITS, DEDUCTIBLES, etc.
E&O retroactive date available for 5 years prior to the effective date of coverage at no additional contribution.
2 Annual Payment Discount applies if full annual contribution is paid within 30 days of the effective date, or receipt of your first bill,
whichever is later. (The Annual Payment Discount does not apply to public officials'bonds or windstorm coverage for Tier 1 members.)
Texas Municipal League Intergovernmental Risk Pool
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