City Council

14. RESOLUTION AUTHORIZING THE PURCHASE OF DIFFERENCE IN CONDITIONS\nCOVERAGE (I.E. EARTHQUAKE INSURANCE) FOR ESSENTIAL CITY FACILITIES\nPurpose: Adopt a resolution authorizing the Human Resources/Risk Management\nDepartment to purchase difference in conditions coverage (i.e. earthquake insurance) for\nessential City facilities, including Fire Stations Nos. 61, 62, and 63, effective\nJuly 1, 2023, for one year. Associated cost in the amount of $340,559 will be funded by\nthe Public Liability Self Insurance Fund.\nRecommended Action: 1) Adopt a resolution authorizing the purchase of difference in\nconditions coverage (i.e. earthquake insurance) for essential City facilities; 2) Authorize\nthe City Manager to execute any necessary documents to bind coverage; and,\n3) Allocate funds in the amount of $340,559 for this purpose.