HomeMy Public PortalAbout1994_03_08_R052The Town of
Leesburg,
.rg nta
RESOLUTION NO. 94-52
A RESOLUTION:
PRESENTED March 8~ 1994
ADOPTED March 8. 1994
AUTHORIZING A PROCUREMENT PROCESS FOR PROPERTY AND
CASUALTY INSURANCE COVERAGE FOR FY 1995 AND MAKING
AN APPROPRIATION
WHEREAS, the Town of Leesburg is due to receive renewal quotations for its Property and
Casualty Insurance coverages effective July 1, 1994; and
WHEREAS, upon consideration of the increased renewal premiums proposed which may
exceed budgeted allocations for the Property and Casualty insurance program, it will be necessary
to obtain alternative quotations from the insurance marketplace; and
WHEREAS, the purchase of Property and Casualty insurance coverages, insurance agency
and insurance company services is broad in scope and evaluation of the various criteria will be given
individual consideration and analysis; and
WHEREAS, many insurance company policy firms have various differences in insuring
agreements, conditions and exclusions; and
WHEREAS, sealed bidding does not allow the latitude for the town to negotiate the
broadest form of coverage that may be available; and
WHEREAS, the Town Council has determined that it is not practicable to procure property
and casualty insurance services that best meet the specific and unique needs of the community
through sealed competitive bidding; and
WHEREAS, the Town Council is of the opinion that the most advantageous method to
procurement of such Property and Casualty Insurance services should be performed by way of
request for competitive negotiable proposals in the best interest of the Town and general public.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows:
SECTION I. It is the determination of the Town Council of the Town of Leesburg that
competitive sealed bidding for Property and Casualty Insurance is not practicable and not fiscally
advantageous to the public, and, therefore, authorizes in accordance with Virginia Code Section 11-
41 (c) (1) that the Property and Casualty Insurance program be procured by way of competitive
negotiation.
SECTION II. An appropriation in the amount of $6,000 is hereby authorized from the
unappropriated general fund balance to conduct the RFP process.
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RESOLUTION - PROCUREMENT PROCESS FOR PROPERTY AND CASUALTY
INSURANCE
PASSED this 8th day of March
, 1994.
ames E. Clem, Mayor
Town of Leesburg
ATTEST:
Clerk of Council'
R:insurance