Loading...
85701 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 • RESOLUTION NO. 8,50 • A RESOLUTION AUTHORIZING THE CITY MANAGER TO EXTEND THE CONTRACT WITH ARTHUR J. GALLAGHER COMPANY TO PROVIDE BUILDING AND CONTENTS INSURANCE COVERAGE, EFFECTIVE OCTOBER 1, 1991. 422 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS: SECTION 1: The City Manager is hereby authorized to extend the contract with Arthur J. Gallagher Company to provide building and contents insurance coverage for the third year of a three year contract, effective October 1, 1991. ADOPTED: September 17, 1991 kVWV* - -9WR 7 Zro APPROVED AS TO FORM: i ' '- --SHARON PRIEST, C � :. 423 PURCHASING FACT SHEET BID NO: 9228 DA'I7? OPENED: September 8, 1989 DEPARTMENT: City Manager DESCRIPTION: Property Insurance FUNDING: General ACCOUNT' NUMBER: 100- 010 -6500 -6031 APPROPRIATION OR TRANSFER REQUIRFD: None ACCOUNT' AVAIIABILIT'Y: S 37,433 AMOUNT OF PURCIIASE: S 31,115 SUGGESTED AWARDEE: A. J. Gallagher N. Little Rock, AR RECOMMENDATION AND DISCUSSION: It is recommended that this contract be extended for the third and final year of the contract. Since the first year of the contract (10/89 - 10/90) the City has increased its coverage on buildings and contents 30.4% with a 23.6% increase in premium.