City of Racine - File #: 13-9507

• File #: 13-9507
• Version: A
• Name: Recommendation that the Mayor and Common Council consider notifying the Transit Mutual Insurance Corporation of Wisconsin that it may exercise its right to withdraw from the corporation in 2015 subject to an analysis of comparable costs for comparable lev
• Type: Communication
• Status: Passed
• File created: 10/24/2013
• In control: Transit and Parking Commission
• Final action: 11/19/2013
• Title: Subject: Recommendation that the Mayor and Common Council consider notifying the Transit Mutual Insurance Corporation of Wisconsin that it may exercise its right to withdraw from the corporation in 2015 subject to an analysis of comparable costs for comparable levels of insurance. (Res. No. 13-0465) Recommendation of the Transit and Parking Commission on 11-06-13: Request that the Common Council pass a resolution notifying the Transit Mutual Insurance (TMI) Corporation of Wisconsin of the City's potential to terminate physical damage and/or vehicle liability insurance coverage in January 2015 subject to competitive bids for comparable insurance services. Fiscal Notes: Competitive bids for insurance could produce lower Transit operation costs in 2015.
• Related files: Res.13-0465

Date	Ver.	Action By	Action	Result
11/19/2013	A	Common Council	Approved as Presented	Pass
11/6/2013	A	Transit and Parking Commission	Recommended For Approval

Title

Subject: Recommendation that the Mayor and Common Council consider notifying the Transit Mutual Insurance Corporation of Wisconsin that it may exercise its right to withdraw from the corporation in 2015 subject to an analysis of comparable costs for comparable levels of insurance. (Res. No. 13-0465)

Recommendation of the Transit and Parking Commission on 11-06-13:  Request that the Common Council pass a resolution notifying the Transit Mutual Insurance (TMI) Corporation of Wisconsin of the City's potential to terminate physical damage and/or vehicle liability insurance coverage in January 2015 subject to competitive bids for comparable insurance services.

Fiscal Notes:  Competitive bids for insurance could produce lower Transit operation costs in 2015.