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RESOLUTION NO. R2023 - !S- 7 <br /> RESOLUTION AUTHORIZING PROPERTY INSURANCE COVERAGE <br /> FOR THE CITY OF DECATUR, ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1,2023 TO OCTOBER 1,2024 <br /> WHEREAS,the City of Decatur current business insurance coverage shall expire <br /> October 1, 2023, and, <br /> WHEREAS,the City of Decatur is in need of property insurance coverage for the <br /> period October 1, 2023 through October 1, 2024; and <br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has requested <br /> quotes on the City's behalf for property insurance for the period October 1, 2023 through <br /> October 1, 2024, <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF DECATUR, ILLINOIS: <br /> Section 1. Upon receipt of the requested quotes, the City of Decatur will select <br /> the carrier providing desired insurance coverage at the most affordable price. <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 selected carrier in an amount not to exceed <br /> $250,000.00. <br /> PRESENTED AND ADOPTED this 18th day of September, 2023. <br /> 104 <br /> Juroore Wolfe,Mayor <br /> ATTEST: <br /> Kim Althoff, City Clerk <br />