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RESOLUTION NO. R2026 - 118'3 <br /> RESOLUTION AUTHORIZING CRISIS PROTECTION INSURANCE COVERAGE <br /> FOR THE CITY OF DECATUR,ILLINOIS <br /> FOR THE POLICY PERIOD OCTOBER 1,2026 TO OCTOBER 1,2027 <br /> WHEREAS,the City of Decatur current business insurance coverage shall expire October 1, 2026, <br /> and, <br /> WHEREAS, the City of Decatur is in need of crisis protection insurance coverage for the period <br /> October 1, 2026 through October 1, 2027; and <br /> WHEREAS, Arthur J. Gallagher Risk Management Services, Inc. has requested quotes on the <br /> City's behalf for crisis protection insurance for the period October 1, 2026 through October 1, 2027; and, <br /> WHEREAS,Underwriters at Lloyd's of London have submitted a quote to supply crisis protection <br /> insurance in an amount not to exceed $62,016.00. <br /> BE IT THEREFORE RESOLVED BY THE CITY COUNCIL OF THE CITY OF DECATUR, <br /> ILLINOIS: <br /> Section 1. That the quote of Underwriters at Lloyd's of London to supply crisis protection <br /> insurance in an amount not to exceed $62,016.00 to the City of Decatur be, and the same is hereby, <br /> accepted and approved. <br /> Section 2. That the City Manager be, and is hereby authorized to direct Risk Management to <br /> execute the Client Authorization to Bind Coverage with Arthur J. Gallagher Risk Management Services <br /> for the afore-mentioned service in accordance with the quotes as submitted by said companies. <br /> PRESENTED AND ADOPTED this 21St day of September, 2026. <br /> CA/4/114d ) <br /> Julie ore Wolfe, Mayor / <br /> ATTEST: <br /> Kim Althoff, City Clerk <br />