HomeMy WebLinkAboutRES 2022-042 - Annual Renewal of Property INsurance PremiumResolution No. 2022-42
RESOLUTION NO.2022-42
RESOLUTION OF THE MAYOR AND CITY COUNCIL OF
THE CITY OF SAN BERNARDINO, CALIFORNIA,
APPROVING THE ANNUAL RENEWAL OF THE CITY'S
PROPERTY INSURANCE PREMIUM NOT TO EXCEED
$1,601,000 FOR THE TERM BEGINNING APRIL 1, 2022
AND ENDING MARCH 31, 2023; AND AUTHORIZING THE
CITY MANAGER TO EXECUTE ALL RELATED
DOCUMENTATION
WHEREAS, the City of San Bernardino is one of 110 members that have pooled
membership within Public Risk Innovation, Solutions, and Management (PRISM) for property
insurance; and
WHEREAS, PRISM seeks quotes from both domestic and international markets each year
in order to fill the program insurance needs. Once the final quote is selected, PRISM works
internally with actuaries and underwriters to determine the premium allocation of each member
based on their individual loss experience and exposure information; and
WHEREAS, the City purchases commercial property insurance to cover for direct
physical loss or damage to City property caused by or resulting from a covered cause of loss; and
WHEREAS, purchasing the City's Property Insurance for policy term beginning April 1,
2022 and ending March 31, 2023 meets the City's insurance coverage needs.
BE IT RESOLVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF
SAN BERNARDINO AS FOLLOWS:
SECTION 1. The above recitals are true and correct and are incorporated herein by this
reference.
SECTION 2. The City Manager is hereby authorized to purchase the City's Property
Insurance for Policy Term April 1, 2022 through March 31, 2023.
SECTION 3. The City Manager is hereby authorized to execute all documents and
agreements, including memoranda of understanding, to effectuate coverage for the City for
property insurance in the amounts stated herein.
SECTION 4. The Mayor and City Council find this Resolution is not subject to the
California Environmental Quality Act (CEQA) in that the activity is covered by the general rule
that CEQA applies only to projects which have the potential for causing a significant effect on the
environment. Where it can be seen with certainty, as in this case, that there is no possibility that
the activity in question may have a significant effect on the environment, the activity is not subject
to CEQA.
Resolution 2022-42
March 2, 2022
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Resolution No. 2022-42
SECTION 5. Severability. If any provision of this Resolution or the application thereof
to any person or circumstance is held invalid, such invalidity shall not affect other provisions or
applications, and to this end the provisions of this Resolution are declared to be severable.
SECTION 6. Effective Date. This Resolution shall become effective immediately.
APPROVED and ADOPTED by the City Council and signed by the Mayor and attested
by the City Clerk this 2nd day of March 2022.
r
t John Valdivia, Mayor
City of San Bernardino
Attest:
rienoveva Rocha, CM . , City Clerk
Approved as to form:
PP,
onia Carvalho, City Attorney
Resolution 2022-42
March 2, 2022
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Resolution No. 2022-42
CERTIFICATION
STATE OF CALIFORNIA)
COUNTY OF SAN BERNARDINO) ss
CITY OF SAN BERNARDINO )
I, Genoveva Rocha, CMC, City Clerk, hereby certify that the attached is a true copy of
Resolution No. 2022-42, adopted at a regular meeting held on the 2°a day of March 2022 by the
following vote:
Council Members: AYES NAYS ABSTAIN ABSENT
SANCHEZ X
IBARRA X
FIGUEROA X
SHORETT X
REYNOSO X
CALVIN X
ALEXANDER X
WITNESS my hand and official seal of the City of San Bernardino this 3`d day of % a arch 2022.
Genoveva Rocha, CMC, City Clerk
Resolution 2022-42
March 2, 2022
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