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RESOLUTION NO.
A RESOLUTION:
PRESENTED June 11.. 1986
86-111 ADOPTED June 11.:~ 1986
AUTHORIZING THE EXECUTION OF A CONTRACT WITH MARKEL SEtWICE,
INC. FOR THE PROCUREMENT OF PUBLIC OFFICIALS AND LAW ENFORCE-
MENT PROFESSIONAL LIABILITY INSURANCE
WHEREAS, the town recently received quotations from Markel Service,
Inc. of Richmond, Virginia to provide the town with Public Officials and
Law Enforcement Professional Liability Insurance coverage from July 1~, 1986
through June 30, 1987; and
WHEREAS, after consultation with Industrial Insurance Management Corporation,
the town's insurance consultant, it has been determined that the quotations
offered are the best available to the town for the coverages required::
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia
as follows:
SECTION I. The manager is authorized to execute a contract with Markel
Service, Inc. of Richmond, Virginia for the procurement of Public Officials
Liability Insurance providing a liability coverage of $1,000,000 with a
deductible of $2,500 at an annual premium of $7,765.
SECTION II. The manager is authorized to execute a contract with Markel
Service, Inc. of Richmond, Virginia for the procurement of Police Professional
Liability Insurance providing a liability coverage of $1,000,000 with a
deductible of $5,000 at an annual premium of $13,389.
SECTION III. Due to the circumstances of the municipal insurance market
and the availability of these type of insurance coverages to the town, this
procurement shall be considered a sole source procurement as provided for
in §8.4 of the town's adopted Purchasing Policy.
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RESOLUTION - AUTHORIZING THE EXECUTION OF A CONTRACT WITH MARKEL SERVICE,
INC. FOR THE PROCUREMENT OF PUBLIC OFFICIALS AND LAW ENFORCEMENT PROFESSIONAL
LIABLILITY INSURANCE
PASSED this llth day of
June , 1986.
Ro Sev~la, Mayor
Town of Leesburg
ATTEST:
Clerk of Cfncil