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RESOLUTION NO. R2024 - <br /> RESOLUTION AUTHORIZING PROPERTY INSURANCE COVERAGE <br /> 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 property insurance coverage for the <br /> period October 1, 2024 through October 1, 2025; 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, 2024 through <br /> October 1, 2025, <br /> WHEREAS,Underwriters at Federal Insurance Company have submitted a quote <br /> to provide property insurance in an amount not to exceed$274,934.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE <br /> CITY OF DECATUR, ILLINOIS: <br /> Section 1. That the quote of Underwriters at Federal Insurance Company to <br /> supply property insurance in an amount not to exceed$274,934.00 to the City of Decatur <br /> 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 16th day of September, 2024. <br /> � Mah, <br /> ';J Moore Wolfe, Mayor <br />