Laserfiche WebLink
RESOLUTION NO.R2022 - 14-7 <br /> RESOLUTION AUTHORIZING EXCESS LIABILITY 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 liability insurance coverage <br /> 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 liability insurance for the period October 1, 2022 <br /> through October 1, 2023; and, <br /> WHEREAS, Arch Specialty Insurance Company has submitted a quote to <br /> supply excess liability insurance in the amount of$53,342.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY <br /> OF DECATUR, ILLINOIS: <br /> Section 1. That the quote of Arch Specialty Insurance Company to supply <br /> excess liability insurance in the amount of$53,342.00 to the City of Decatur be, and the <br /> 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 /> Qal�mky i�� <br /> Juli oore Wolfe,Mayor <br /> E <br /> i lthoff <br /> City Clerk <br />