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RESOLUTION NO. R2026 - 117 <br /> RESOLUTION AUTHORIZING PROPERTY INSURANCE COVERAGE FOR THE <br /> 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 property insurance coverage for the period October <br /> 1, 2026 through October 1, 2027; and <br /> WHEREAS,Arthur J. Gallagher Risk Management Services,Inc.has secured quotes on the City's <br /> behalf for property insurance for the period October 1, 2026 through October 1, 2027, <br /> WHEREAS, Underwriters at Chubb have submitted a quote to provide property insurance in an <br /> amount not to exceed $313,500.00. <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 Chubb to supply property insurance in an amount not <br /> to exceed $313,500.00 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 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 21'day of September, 2026. <br /> 4 <br /> Sof , _ <br /> Ju '. Moore Wolf-, ay•r <br /> ATTEST: <br /> c?, ,v.v) f ita <br /> Kim Althoff, City Clerk <br />