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RESOLUTION NO. R2022 - 143 <br /> RESOLUTION AUTHORIZING EXCESS PROPERTY INSURANCE <br /> COVERAGE FOR THE CITY OF DECATUR,ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1, 2022 TO OCTOBER 1,2023 <br /> WHEREAS, the City of Decatur current business insurance coverage shall <br /> expire October 1, 2022, and, <br /> WHEREAS, the City of Decatur is in need of excess property insurance <br /> coverage for the period October 1, 2022 through October 1, 2023; and <br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has secured <br /> quotes on the City's behalf for excess property insurance for the period October 1, 2022 <br /> through October 1, 2023; and, <br /> WHEREAS, Travelers Indemnity Company (The Travelers Companies, Inc.) <br /> has submitted a quote to supply excess property insurance in the amount of <br /> $126,627.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF DECATUR, ILLINOIS: <br /> Section 1. That the quote of Travelers Indemnity Company (The Travelers <br /> Companies, Inc.) to supply excess property insurance in the amount of$126,627.00 to <br /> the City of Decatur be, and the same is hereby, accepted and approved. <br /> Section 2. That the City Manager be, and is hereby authorized to direct Risk <br /> Management to execute the Client Authorization to Bind Coverage with Arthur J. <br /> Gallagher Risk Management Services for the afore-mentioned service in accordance <br /> with the quotes as submitted by said companies. <br /> PRESENTED AND ADOPTED this 19th day of September, 2022. <br /> Juli oore Wolfe,Mayor <br /> kAn XIthof—PV_ <br /> City Clerk <br />