HomeMy Public PortalAbout1984_09_26_R169The Town of Leesburg in Virginia
RESOLUTION NO.
A RESOLUTION:
PRESENTED September 26, 1984
84-169 ADOPTED September 26, 1984
AUTHORIZING A CONTRACT WITH MOORE, CLEMENS & COMPANY FOR PROPERTY
AND CASUALTY INSURANCE
WHEREAS, the town's insurance consultants, Industrial Insurance Management
Corporation, have prepared specifications for property and casualty insurance
under the competitive negotiation procedures of the town's Purchasing Manual; and
WHEREAS, the Industrial Insurance Management Corporation has evaluated the
three proposals received; and
WHEREAS, Industrial Insurance Management Corporation recommends acceptance
of the low bid submitted by Moore, Clemens & Company of Leesburg, Virginia:
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as
follows:
The manager shall execute a contract with Moore, Clemens & Company for
property and casualty insurance in accordance with the town's specifications
issued August 22, 1984 and the Moore, Clemens & Company bid received September 17,
1984 in the amount of $43,544,97.
The insurance coverages shall include a property deductible of $1,000 an
umbrella liability limit in the amount of $5,000,000, exclude rental income
coverage, and exclude extra expense coverage. The premium and coverages are sub-
ject to negotiated renewal at the option of the town on July 1, 1985 and/or
July 1, 1986.
PASSED this 26th day of September
ATTEST:
Clerk 6f Co~cil -
, 1984.
Robert E. Sevila, Mayor
Town of Leesburg