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•
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
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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.