HomeMy WebLinkAboutCC RES 86-028RESOLUT I ON N0. $ 6- 2$
A RESOlUTION 0� TNE CITY COUNCII OF THE CITY OF' PALM DESERT,
CALIFORNIA, TO MODIFY T1iE AL� RISK INSTALLATION FlOATER
INSURANCE REQUIREMENTS OF TNE GENERAL SPECIFICATIONS.
WHEREAS. the City of Palm Cesert has entered into a contract with E.L.
Yeag�r Construction Company for the construction of the Homestead Road/Alamo Orive
storm arain; and
WHEREAS, pursuant to said contract, certain plans ana specifications
have been agreed on by the parties; and
WHEREAS, a paragraph entitled "All Risk Installation Floater Insurance"
appears on Page GC-16 of the general specifications; and
WHEREAS, E.L. Yeager Construction Company has advised the city, through
its insurance company, Granger-Hanna Insurance Associa�es, that ail risk install-
ation floater insurance cannot be met by available insurance capacity as written
on Page GC-16; and
WHEREAS, the Trave�ers I^�emnity Company has indiCate� that the
perrormance bond executed by the Traveiers Indemnity Conpany as suret� guarantees
that E.L. Yeager Construction CoTpany, Inc., will complete this construction
pro.;ect in accordance with his pians and speciFicaticns not excluding damage
cau5ed by flood or earthquake during the period of construction; and
WHEREAS. Page GC-6 0� the plans and specifications contains a warranty
with respect to the good worKm�nsnip cr the project by E.L. Yeager CC�SLT'�CtiOn
Company.
NOW, THERcFVRE, iri� CiTY COUt�CIL OF Th� CITY CF P„�`1 DtSEnT, RE�OLV�S
AS r"O�LGWS:
( 1) That para �raRh cn Fage GC- 16 of the � �=._ ., .. �- i e�s w i th resoec �
to the above pro j ecc ent i;,1 ed "A � I R i s�: I nst3 i 1 �t i �n r;_..�' er i r�suran�e" sr,a 1 1 G2
amended to state:
"ALl RISK INSTALLATION FLOATER INSt1RANCE: Ir.=u-inc on an "�il RisM:s"
bas i s i nc 1 ud i ng the per i ods or i= t co�7 �r�� eartnquake w i t-�. 3 i i m i t to c•= se i ecteo
by Contractor but not i ess than tr�.e ru 1 1 va 1 ue of tr�e w^rk at r i sK at any c�r,e
time, and with deductible amou�:. t� b� selected by Contractor but n�- to excee�
g25C�000 each loss. This in�ur:�ce snall cov�r t^:�� worK and rr�;~,ria�s a�c
equipment to be incorporated t�.��re�,^., inci�aing FrCF=r-; i�; inlarc transit c�
wnile Stored elsewhere tnan the ����."
-2-
PASSED� APPROVED, and ADOPTED by the City Council of the City of Palm
Desert , Ca l i forn i a, on th i s 27 th day of February, 1986. by the fo l l cw i ng vote,
to wit:
AYES: BENSON, 51VYDER, WILSON,KELLY
NOES: NONE
ABSEN7: JACKSON
ABSTA 1 N : NONE
�
RIC ARD 5. KELLY, MP,YOR
CITY OF PALM DESERT. CALI RNIA
ATTEST:
'` ' .`'r %/ .
��/'�/ �/ � ' -��, ✓
SHEILA R. GILLIGAN, CIZ CLEhK
C[TY OF PALM OESERT, CALI�GRPdiA