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HomeMy WebLinkAboutRES 14-254RESOLUTION NO.14 -254 WHEREAS, bids were received for a policy for excess workers' compensation insurance; and, WHEREAS, McGriff, Seibels and Williams of Texas, Inc., of San Antonio, Texas, representing Colony Insurance, submitted a bid as follows: ; and, $113,302.80 Annual rate based on the 2014 projected payroll of $75,600,000 WHEREAS, City Council is of the opinion that the bid submitted by McGriff, Seibels and Williams of Texas, Inc., of San Antonio, Texas, representing Colony Insurance, should be accepted; NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF BEAUMONT: THAT the statements and findings set out in the preamble to this resolution are hereby, in all things, approved and adopted; and, THAT the bid submitted by McGriff, Seibels and Williams of Texas, Inc., of San Antonio, Texas, representing Colony Insurance, for a policy for excess workers' compensation insurance in the amount of $113,302.80 be accepted by the City of Beaumont. The policy is effective January 1, 2015 with no option to renew; and, BE IT FURTHER RESOLVED THAT the City Manager be and he is hereby authorized to execute a contract with Colony Insurance, of San Antonio, Texas, for the purposes described herein. PASSED BY THE CITY COUNCIL of the City of Beaumont this the 2nd day of December, 2014 v* <�AUMOM; E t( '- (Mayor Becky Ames -