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RESOLUTION NO. R2024 -3o O <br /> RESOLUTION AUTHORIZING EXCESS LIABILITY INSURANCE <br /> COVERAGE FOR THE CITY OF DECATUR,ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1,2024 TO OCTOBER 1, 2025 <br /> WHEREAS, the City of Decatur current business insurance coverage shall expire <br /> October 1, 2024, and, <br /> WHEREAS, the City of Decatur is in need of excess liability insurance coverage <br /> for the period October 1, 2024 through October 1, 2025; and <br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has requested <br /> quotes on the City's behalf for excess liability insurance for the period October 1, 2024 <br /> through October 1, 2025; and, <br /> WHEREAS, Underwriters at Evanston Insurance Company have submitted a <br /> quote to supply $5M excess liability insurance in an amount not to exceed $183,000.00, <br /> and General Star Indemnity has submitted a quote to supply $5M excess liability <br /> insurance in an amount not to exceed$284,000.00 (both still under negotiation). <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY OF <br /> DECATUR, ILLINOIS: <br /> Section 1. That the quote of Underwriters at Evanston Insurance Company to <br /> supply $5M excess liability insurance in an amount not to exceed $183,000.00, and <br /> General Star Indemnity to supply $5M excess liability insurance in an amount not to <br /> exceed $284,000.00 to the City of Decatur be, and the same is hereby, accepted and <br /> 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 16th day of September,2024. <br /> qJulr* oore*Wolfe, Mayor <br />