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HomeMy WebLinkAboutPRUDENTIAL BANK & TRUST, FSB�0`�\ � �0 9 MAYOR Vicente Sam -lento MAYOR PRO TEM David Pension COUNCILMEMBERS Phil Become Johnathan Ryan Hernandez Jessie Lopez Nelida Mendoza Thai Viet Phan 't7" .hit,(d)twti�GOP,�z) SPA INSURANCE ON FILE WORK MAY PROCEED UNTILINSURAN EIXPIRES CLERK OF COUNCIL DATE: August 30, 2021 CITY OF SANTA ANA FINANCE AND MANAGEMENT SERVICES 20 Civic Center Plaza, M-36 • P.O. Box 1988 Santa Ana, California 92702 www.santa-ana.oro Prudential Bank & Trust, FSB Attn: Marybeth Doric 30 Sacramento Office Park Scranton, PA 18507 Re: Extension of Trust Agreement No. A-2018-179-01 Dear Ms. Dorio, A-2018-179-01A CITY MANAGER Kristine Ridge CITY ATTORNEY Sonia R. Carvalho CLERK OF THE COUNCIL Daisy Gomez Pursuant to Section l(a) ("Establishment of Trust") of Agreement No. A-2018-179-01 entered into by Prudential Bank & Trust, FSB ("Prudential'), and the City of Santa Ana, dated October 1, 2018, the time period of said Agreement is hereby extended for an additional two (2) year period from October 1, 2021 to September 30, 2023. The insurance certificates are required to be extended and/or renewed to cover this time extension. All other terms and conditions of said Agreement remain unchanged and in full force and effect. Sincerely, Ka,.,.. Kathryn Downs Executive Director, Finance and Management Services Agency CITY OF SANTA ANA ATTEST Kristme Ridge r aisy Gomez City Manager r Clerk of the Council PRUDENTIAL APPROV AS TO FORM �e Marybeth Doric BraAdon Salvatien-a Vice President, Prudential Bank & Trust, FSB Deputy City Attorney SANTA ANA CITY COUNCIL Vicente Banniere David Penaloza Thai Viet Phan Jessie Lopez Phil Bacerra JohnaPNan Ryan Hernandez Nation Mendoza Mayor Mayor Pro Tom, Ward 2 Ward 1 Ward 3 Ward 4 Ward 5 Wad 6 vsannientivaasants-anaory dpenalozaCdsanla-zna.ory pdanasanta-ana.ory 'assielooezAcante-ana.ory phacena(alsenta-anaoro 'rvanhemandez(alsanta-ana.ory nmendoz @santa-ana.ory A-2018-179-01A Digitally signed by Francine R. Francine R. Villareal Villareal T00• A� o® CERTIFICATE OF LIABILITY INSURANCE DATEYYYY) OBN4122021 021 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(les) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement('). PRODUCER Marsh USA, Inc. 1166 Avenue of the Amerces New York, NY 10036 Attn: NewYork.Ceds@marsh.cnm Fax: 212-948-0500 CONTACT NAME: PHONE FAX No) - E-MAIL ADDRESS: INSUR]i AFFORDING COVERAGE NAIC# INSURER A: Travelers Property Casualty Company of America 25674 INSURED PRUDENTIAL FINANCIAL INC. INSURER B: Endurance Assurance Corporation 11551 INSURER C: 655 BROAD STREET NEWARK, NJ 07102 INSURER D: INSURER E: INSURER F: COVERAGES CERTIFICATE NUMBER: NYC-011164643-01 REVISION NUMBER: 1 THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR LTR TYPE OF INSURANCE ADDLSUSR JUM Wi POLICYNUMBER POLICYEFF NIMIODyYyyy) POLICY EXP (MM,DprfyM LIMITS A X COMMERCIAL ENE LIABILITY CLAIMS -MADE OCCUR TC2J-GLSA-8045X417-TIL-21 0110112021 0110112022 EACH OCCURRENCE $ 2,000,000 DAMAGE TO RENTED PREMISES Ea occurrence $ 2,000,000 GEN'L X MED Dale (My one person) $ 5,000 PERSONAL 6 ADV INJURY $ 2,000,000 AGGREGATE LIMIT APPLIES PER: POLICY jEC LOC OTHER: GENERALAGGREGATE $ 4,000,000 PRODUCTS - COMP/OP AGG $ 4,000,000 $ A AUTOMOSILELIABILITY X ANYAUTO OWNED f 1 SCHEOULEO AUTOS ONLY AUTOS HIRED NON -OWNED AUTOS ONLY AUTOS ONLY TC2JCAP-8045X045-TIL-21 0110112021 01101I2022 COMBINED SINGLE LIMIT Es accident $ 2,000,000 BODILY INJURY (Per person) $ I i BODILY INJURY Per accident $ PROPERTYDAMAGE Per a ident $ X UMBRELLA LIAB EXCESS LIAB N OCCUR CLAIM' -MADE GUF30000914002 0110112021 0110112022 EACH OCCURRENCE $ 5,000,000 AGGREGATE $ 5,000,000 DED I I RETENTION $ $ WORKERS COMPENSATION ANDEMPLOYERS'LIABILRY YIN ANYPROPRIEFORIPARTNERIEXECUTWE OFPICERIMEMBEREXCLUDEDP (Mandatory In NH) Ifni describe under DE SCRIPTION OF OPERATIONS below NIA PER OTH- STATUTE ER E.L. EACH ACCIDENT $ E.L. DISEASE -EA EMPLOYEE $ E.1- DISEASE -POLICY LIMIT $ DESCRIPTION OF OPERATIONS LOCATIONS VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) The City of Santa Ana, its officers, employees, agents, and representative are included as additional insured where required by written contract City of Santa Ana Risk Management Division, 4th Floor 20 Civic Center Plaza Santa Ana, CA 92702 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. AUTHORIZED REPRESENTATIVE OyRD C AC ACORD 25 (2016/03) The ACORD name and logo are registered marks of ACORD Rhk MmRgeneNE Divlelan eM4K+N�L P1REv ei & APPROVED BY: `. V�crFMacC ®. ® Ruk Management Analyst COMMERCIAL GENERAL LIABILITY POLICY NUMBER: TC2J-GLSA-8045X417-T1L-21 ISSUE DATE: 01-15-21 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. ADDITIONAL INSURED - DESIGNATED PERSON OR ORGANIZATION This endorsement modifies insurance provided under the following: COMMERCIAL GENERAL LIABILITY COVERAGE PART SCHEDULE Name of Additional Insured Person(s) or Organization(s): "Any person or organization that you agreed in a written contract or agreement to include as an additional insured on this Coverage Part, provided that such written contract or agreement was signed by you before, and is in effect when, the "bodily injury" or "property damage" occurs or the "personal and advertising injury" offense is committed and only for the limits of insurance agreed to in such written contract or agreement, or the limits of insurance of this policy, whichever is less." Section II - Who Is An Insured is amended to include as an additional insured the person(s) or organization(s) shown in the Schedule, but only with respect to liability for "bodily injury", "property damage", "personal injury" or "advertising injury" caused, in whole or in part, by your acts or omissions or the acts or omissions of those acting on your behalf: A. In the performance of your ongoing operations; or B. In connection with your premises owned by or rented to you. CG D4 11 04 08 © 2008 The Travelers Companies, Inc. Includes the copyrighted material of Insurance Services Office, Inc. with its permissic � s �, RrdtMnugemmtDiWslan RwEwED & APPRov® By. Ruk Management Malyst CERTIFICATE OF LIABILITY INSURANCE DATE AD s:4Ll,2021 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE OF A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder In lieu of such endorsements . PRODUCER cox*wT xunE: Aon Risk Services Northeast, Inc. I -NE MONR.En: One Liberty Plaza, 166 Broadway, Suite 3201 EMAIL New York, NY 10006 ADDRESS' PRODUCER CUSTOMERIDY: INSURERS AFFORDING COVERAGE NAIC# INSURED INSURERA: ACE AMERICAN INSURANCE COMPANY CHUBB LEAD 22667 INSURER B: Prudential Financial, Inc. and its subsidiaries INSURERC: 751 Broad Street INSURERD. - Newark, NJ 07102 INSURERE: INSURER F: ATE NI THIS IS TO CERTIFY THAT PO CES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLIC PERIODINDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACTOR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN. THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. Limits shown are as reuested L1R TYPE OF INSURANCE POLICY NUMBER POLICY EFF DATE POLICY EXP DATE LIMITS RETENr10NS GENERAL LIABILITY ❑ COMMERCIAL GENERAL LIABILITY ❑CLAMS MADE ❑OCCUR I ❑ EACH OCCURRENCE PREMISES Fa eacR—an) DV INJURY ❑ GENERAL AGGREGATE GENL AGGREGATE UWTAPPUES PER: PRODUCTS - COMPIOP AGG ❑ POLICY ❑ PROJECT ❑ toe AUTOMOBILE LIABILITY ❑ ANY AUTO COMBINED SINGLE LIMIT rEe eadden0 ❑ ALL OWNED AUTOS ❑ SCHEDULED AUTOS BODILY INJURY (Per person) ❑ HIRED AUTOS ❑ NON -OWNED AUTO BODILY INJURY leer amidenh DAMAGE OPROPERTY ❑UMBRELLA LIAD ❑OCCUR EACH OCCURRENCE ❑ EXCESS LAB ❑ CLAIMS MADE AGGREGATE ❑ DEDUCTIBLE ❑ RETENTION WORKERS COMPENSATION AND EMPLOYERS'LIABIUTY YIN AfN ROPRIEToxmARTxwrxr F RncENMEMEER MLUMDi 7STATU- T06Y DMITs OTHER E.L. EACH ACCIDENT (Mandatary in NH) E.L. DISEASE -EA EMPLOYEE twvee RIPaTIeunaer pESt;RIPTION OF OPERATIONS below E.L. DISEASE -POLICY LIMIT A Insurance Company Professional Liability G21548346 019 Nov.1, 2020 Nov. 1, 2021 At least $5,000,000 $250,000,000 A Financial Institution Bond', Form 25 G29010961004 Nov.1, 2020 Nov. 1, 2021 At least $5,000,000 $250,000,000 A Cyber Liability G46761029 003 Nov. 1, 2020 Nov. 1, 2021 At least $5,000,000 §280,000,000 DESCRIPTION OF OPERATIONS / LOCATIONS /VEHICLES I (Attach ACORD 101, Additional Remarks Schedule, R more space is required) City of Santa Ana Risk Management Division, 0 Floor 20 Civic Center Plaza Santa Ana, CA 92702 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE /.- ACORD 25 (2009109) ©1988-2009 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD ItAkMarnmerdDivWon r REVIEWED&APPROV®BY: Risk Management Malys[ ACORO CERTIFICATE OF LIABILITY INSURANCE lh.� DATE(MMIDDNYYY) 1 8/4/2021 THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER. IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed. If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). PRODUCER Edgewood Partners Insurance Center 1 American Lane Greenwich CT 06831-2560 CONTACT Amanda Massa PHONE FAx -203-658-0507 ac No: noo IEss: amanda.massa a icbrokem.com INSURERS AFFORDING COVERAGE NAIL# INSURER A: Travelers Prop Casualty Co of America 25674 INSURED PRUDEN2069A INSURER B: Prudential Financial, Inc. 751 Broad Street INSURER C; INSURER D: - Newark NJ 07102 NSURERE: NSURER F: COVERAGES CERTIFICATE NUMBER: 1103262456 REVISION NUMBER' THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. INSR LTR TYPE OF INSURANCE ADDLSUBR POLICYNUMBER POLICY EFF MWDONYYY POLICY EXP MM/DDIYYYYI LIMITS COMMERCIALGENERALLIABILITY CLAIMS -MADE OCCUR EACHOCCURRENCE- $ DAMAGE TO RENTED — PREMISES Eacccurrence $ MED EX? (Any one person) $ PERSONAL &ADV INJURY $ GENL AGGREGATE LIMIT APPLIES PER: POLICY PRO- JECT F-1 LOC GENERAL AGGREGATE $ PRODUCTS-COMP/OPAGG $ $ OTHER: AUTOMOBILE LIABILITY - COMBINED SINGLELIMIT Ea accitlent $ ANY AUTO BODILY INJURY (Per person) $ OWNED SCHEDULED AUTOS ONLY AUTOS accitlent Per BODILY INJURY ( ) $ HIRED NON -OWNED AUTOS ONLY AUTOS ONLY PROPERTY DAMAGE Per accident $ UMBRELLALIAB OCCUR EACH OCCURRENCE $ AGGREGATE $ EXCESS LIAB CLAIMS -MADE DEO I I RETENTION$ $ A A WORKERS COMPENSATION AND EMPLOYERS'LIABILnY YIN UB$N67804A2151 R UBSN7282432151 K 1/1/2021 1/112021 1/1/2022 1/1/2022 X I PER OTH- STATUTE ER E.L. EACHACCIDENT $1,000,000 ANYPROPRIETORIPARTNER/EXECUTIVE ❑ OFFICERIMEMBER EXCLUDED? NIA E.L DISEASE -EA EMPLOYEE $1,000,000 (Mandatory In NH) Nes, describe under E.L. DISEASE -POLICY LIMIT $1,000,000 SCRIPTION OF OPERATIONS below DESCRIPTION OFOPERATIONS/LOCATIONS] VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required) Location Address: 751 Broad Street Prudential Property Number: N/A Property Type: Owned (Prudential occupied) City of Santa Ana Risk Management Division, 4th Floor 20 Civic Center Plaza Santa Ana CA 92702 SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ©1988-2015 ACORD C ACORD 25 (2016/03) The ACORD name and logo are registered marks of ACORD �9 Risk MawgementDmitIort �v,y+'dr. REVIEWED&APPROvEDBY: e P. vx,,.ct ijjliilllm ��' Risk Management Analyst