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RESOLUTION NO. R2023 - AL1 0 <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 secured <br /> quotes on the City's behalf for property insurance for the period October 1,2023 through <br /> October 1, 2024, <br /> WHEREAS, Chubb has submitted a quote to provide property insurance in an <br /> amount of$252,361.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF DECATUR, ILLINOIS: <br /> Section 1. That the quote of Chubb to supply property insurance,in an amount of <br /> $252,361.00 to 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 with <br /> the quotes as submitted by said companies. <br /> PRESENTED AND ADOPTED this 2nd day of October, 2023. <br /> (_3V1,VVnn �)o A <br /> Julie Moore Wolfe, Mayor <br /> V <br /> ATTEST: <br /> Kim Althoff, City Clerk <br />