HomeMy WebLinkAboutRES 84-136 R E S O L U T I O N
WHEREAS, on April 6 , 1982, the City Council passed
Resolution 82-132 awarding a contract for the city' s property
insurance coverage, primarily flood and earthquake, to the Lexington
Insurance Company at a cost of $19 ,490 annually for the period of
February 15, 1982 through February 15, 1985; and,
WHEREAS, as provided by the contract, Lexington Insurance
Company has notified the city of its intention to discontinue
property insurance coverage effective April 16 , 1984; and,
WHEREAS, Ranger Insurance Co. and Hudson Insurance Co. have
each submitted bids for fifty percent ( 50%) of such insurance
coverage with a Two Hundred Forty-Two Dollars and Seventy-Four Cents
($242.74) increase in premium as compared to the existing policy;
NOW, THEREFORE, BE IT RESOLVED BY THE
CITY COUNCIL OF THE CITY OF BEAUMONT:
THAT the bids of Ranger Insurance Co. and Hudson Insurance Co. for
property insurance coverage, primarily flood and earthquake, for a
one year term from the date of execution, is hereby accepted, and the
City Manager is hereby authorized to pay said premium for such
insurance.
PASSED BY THE CITY COUNCIL of the City of Beaumont this the
day of c2ha A 1984.
Mayor -