pages: CityCouncil/2011-03-15.pdf, 12
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CityCouncil | 2011-03-15 | 12 | Councilmember/Boaro Member Tam left the dais at 7:06 p.m. and returned at 7:08 p.m. Councilmember/Board Member deHaan moved adoption of the resolution. Vice Mayor/Councilmember Bonta seconded the motion, which carried by the following voice vote: Ayes: Councilmembers/Board Members Bonta, deHaan, Johnson and Mayor/Chair Gilmore - 4. Abstention: Councilmember/Board Member Tam - 1. AGENDA ITEMS (11-139 CC/11-031 ARRA) Recommendation to Authorize the Acting Executive Director and Acting City Manager to Bind Pollution Legal Liability Insurance Coverage for Alameda Point with XL Environmental for a Cost of $720,112. The Acting City Attorney/Legal Counsel gave a brief presentation. Vice Mayor/Board Member Bonta inquired whether XL Environmental would not cover anything that was previously covered. Patrician Blau, Marsh Risk Services, responded unfortunately, in the last ten years, insurance carriers have found that the loss has not been favorable so no market is offering coverage. Councilmember/Board Member deHaan inquired whether any claims have been filed, to which the Risk Manager responded not at Alameda Point. Councilmember/Board Member Johnson inquired whether the new policy would have additional exclusions that were not in the previous policy. The Risk Manager responded some additional exclusions would be overridden through endorsements, such as an early transfer restriction; under an early transfer, XL Environmental would not be responsible to clean up anything that is known, only what is unknown. Councilmember/Board Member Johnson inquired whether the Navy still considers the transfer an early transfer. The Acting City Attorney/Legal Counsel responded the Navy would still be on the hook for clean up. Councilmember/Board Member Johnson inquired whether the insurance would cover a privatized clean up. Special Joint Meeting Alameda City Council, Alameda Reuse and Redevelopment Authority, and 2 Community Improvement Commission March 15, 2011 | CityCouncil/2011-03-15.pdf |