HomeMy WebLinkAbout14-85 Resolution No. 14-85
RESOLUTION
ACCEPTING THE PROPOSAL OF PUBLIC ENTITY PROPERTY INSURANCE PROGRAM
FOR THE CITY OF ELGIN'S PROPERTY, INLAND MARINE
AND CYBER LIABILITY INSURANCE
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS,
that pursuant to Elgin Municipal Code Section 5.02.020B(9) the City Council hereby finds that
an exception to the requirements of the procurement ordinance is necessary and in the best
interest of the city; and
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,
ILLINOIS, that the City of Elgin hereby accepts Public Entity Property Insurance Program's
renewal proposal for the City of Elgin's property, inland marine and cyber liability insurance
commencing July 1, 2014 through June 30, 2015, for an annual premium of$229,176.
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,
ILLINOIS, that Sean R. Stegall, City Manager, be and is hereby authorized and directed to
execute all documents necessary and incident to such proposal of Public Entity Property
Insurance Program for the City of Elgin's property, inland marine and cyber liability insurance
program.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: June 25, 2014
Adopted: June 25, 2014
Vote: Yeas: 9 Nays: 0
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk