HomeMy WebLinkAbout02/11/1991 FINANCE COMMITTEE MINUTES
February 11 , 1991
6: 30 p.m.
Large Conference Room
Members present: Chairperson Angel, Wright and Buck.
It was moved by Wright, seconded by Buck that the Agenda, as
proposed, be approved. Motion carried.
Authorization to purchase an umbrella policy for City' s
liability insurance was discussed. Sue Fangman, Insurance
Coordinator for the City of Waterloo, asked that the City
Finance Committee authorize her to purchase an additional $1
million liability coverage for the City of Waterloo. Ms.
Fangman stated that the City presently carries a liability
policy of $1 million. Ms. Fangman continued that for the
first time in recent history the insurance company has
notified the City of a potential liability case that could
exceed the $1 million limit. This policy would not be
in force to take care of that case but based on the
experiences of higher levels of awards she would suggest now
that we add an additional $1 million on to the policy. The
cost for the additional $1 million policy would be
approximately $50,000 a year.
Discussion was heard regarding the timing for the $1 million
policy and the cost of said policy. With no further
discussion it was moved by Wright, seconded by Angel to
authorize the City to enter into a contract for an
additional $1 million liability policy with Brown & Dieckman
Insurance Agency, Inc. Motion carried.
Mike Mrzlak, Superintendent of Traffic Operations, asked
that he be allowed to purchase sign posts from Mississippi
Products for $7,614. Mr. Mrzlak stated that he has bid with
three companies and Mississippi Products is the apparent low
bidder.
It was moved by Buck, seconded by Wright to allow the
purchase of said sign posts. Motion carried.
Authorization to accept the low bid on the purchase of an
office chair for the Police Chief was discussed. Police
Chief Bernal Koehrsen recommended to the Finance Committee
that the Committee accept a purchase from Matt Parrott &
Sons for one Lazy-Boy High Back Desk Chair, Model #92-146,
for his office. He stated that he had bid the chair with
Kirk Gross Company, J.S. Latta Co. , Office Concepts Inc. and
Lincoln' s Office Supply. Of the companies bidding the only
other bid was from Lincoln' s Office Supply which he stated
was not the chair in the specifications and was
unacceptable.
It was moved by Wright, seconded by Angel to accept Chief
Koehrsen' s recommendation to purchase one office desk chair
from Matt Parrott & Sons in the amount of $483 . 86. Abstain:
Buck. Motion carried.
Mike Mrzlak, Superintendent of the Parking Maintenance
Department, requested that the Finance Committee authorize
him to take the low bid from ARA Services for shirts, pants
and four jackets for the Parking Maintenance Department. The
low bid from ARA was $389 . 64 .
It was moved by Wright, seconded by Buck to approve the
request of Mike Mrzlak for the purchase of parking
maintenance uniforms. Motion carried.
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