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RESOLUTION NO. R2023 - 1�' <br /> RESOLUTION AUTHORIZING CRISIS PROTECTION INSURANCE <br /> COVERAGE 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 crisis protection insurance coverage <br /> for the period October 1, 2023 through October 1, 2024; and <br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has secured <br /> quotes on the City's behalf for crisis protection insurance for the period October 1, 2023 <br /> through October 1, 2024; and, <br /> WHEREAS, Underwriters at Lloyd's London has submitted a quote to supply <br /> crisis protection insurance in the amount of$57,784.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the quote of Underwriters of Lloyd's London to supply crisis <br /> protection insurance in the amount of$57,784.00 to the City of Decatur be, and the same <br /> 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 with <br /> the quotes as submitted by said companies. <br /> PRESENTED AND ADOPTED this 18th day of September, 2023. <br /> Jul' oore Wolfe, Mayor <br /> ATTEST: <br /> Kim Althoff, City erk <br />