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13788 1 RESOLUTION NO. 13,788 2 3 A RESOLUTION TO AUTHORIZE THE CITY MANAGER TO 4 EXECUTE AN EXTENSION OF THE CURRENT POLICY WITH FM 5 GLOBAL TO PROVIDE PROPERTY INSURANCE COVERAGE FOR 6 CITY BUILDINGS FOR ONE (1)-YEAR, EFFECTIVE OCTOBER 1, 2013; 7 AND FOR OTHER PURPOSES. 8 9 WHEREAS, the City of Little Rock owns a significant number of buildings from which City 10 operations are conducted; and, 11 WHEREAS,the City purchases insurance coverage to insure against loss and damage to City-owned 12 buildings,facilities and other properties; and, 13 WHEREAS, FM Global was selected as the provider in response to the most recent Request for 14 Proposals; and, 15 WHEREAS, the proposed renewal will represent the second year of a maximum seven (7)-year term 16 described in said Request for Proposal; 17 NOW,THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE CITY 18 OF LITTLE ROCK,ARKANSAS: 19 Section 1. The City Manager is authorized to extend the current contract with FM Global to provide 20 Property Insurance coverage for City buildings, facilities and other properties, for another year effective 21 October 1, 2013. 22 Section 2. The cost for providing this coverage has been included in the appropriate budget line 23 items. 24 Section 3. Severability. In the event any title, section, paragraph, item, sentence, clause, phrase, or 25 word of this resolution is declared or adjudged to be invalid or unconstitutional, such declaration or 26 adjudication shall not affect the remaining portions of the resolution which shall remain in full force and 27 effect as if the portion so declared or adjudged invalid or unconstitutional were not originally a part of the 28 resolution. 29 Section 4.Repealer. All laws,ordinances, resolutions, or parts of the same,that are inconsistent with 30 the provisions of this resolution,are hereby repealed to the extent of such inconsistency. 31 ADOPTED: October 15,2013 32 ATTE . APPROVED: 33 ///11 34 = �' 35 l Su n L ng a City Clerk Mark St&lola,Mayor [Page 1 of 21 1 APPROVED AS TO LEGAL FORM: 2 4 Thomas M. Carpenter,City 4Jtorney 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 // [Page 2 of 2]