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RESOLUTION NO. R2024 - <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, 2024, and, <br /> WHEREAS,the City of Decatur is in need of crisis protection 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 crisis protection insurance for the period October 1, 2024 <br /> through October 1, 2025; and, <br /> WHEREAS,Underwriters at Lloyd's of London have submitted a quote to supply <br /> crisis protection insurance in an amount not to exceed $65,000.00 (still under <br /> 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 Lloyd's of London to supply crisis <br /> protection insurance in an amount not to exceed $65,000.00 to the City of Decatur be, <br /> 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 /> 11 A*84 W <br /> Julieore Wolfe,Mayor <br /> ATTEST: <br /> Kim Althoff, City Clerk <br />