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HomeMy Public PortalAbout1994_06_14_R123The Town of Leesburg, l Virginia RESOLUTION NO. 94-123 PRESENTED June 14, 1994 ADOFrED June 14, 1994 A RESOLUTION: AUTHORIZING THE EXECUTION OF A CONTRACTFOR PROPERTY AND CASUALTY INSURANCE FOR 1994-95 WITH USF&G AND KEMPER INSURANCE COMPANIES AS PROPOSED BY THE AH&T INSURANCE AGENCY WHEREAS, the Town of Leesburg issued a Request for Proposals (RFP) to insurance providers for property and casualty insurance coverage on March 9, 1994; and WHEREAS, six proposals from insurance agencies were received on May 10, 1994; and WHEREAS, the town's insurance consultant, McNeary Insurance Consulting, Inc., has reviewed and analyzed the proposals for compliance with the RFP and a copy of their report was provided to the Council by memorandum dated May 16, 1994; and WHEREAS, the Council's Finance Committee, insurance consultant and Director of Finance recommend award of the town's property and casualty insurance for 1994-95 to USF&G and Kemper Insurance Companies as proposed by the AH&T Insurance Agency. THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia as follows: SECTION I. The town manager is authorized to contract on behalf of the town for property and casualty insurance for 1994-95 from the USF&G and Kemper Insurance Companies on the basis of the proposal submitted by the AH&T Insurance Agency in the amount of $127,129. SECTION II. The Council authorizes the town manager to enter into contracts with USF&G and Kemper Insurance Companies through their agent, AH&T insurance agency, for the subsequent two fiscal years without the need to competitively bid the insurance coverages specified in the RFP. PASSED this 14th day of June ., 1994. R:propins E. Clem, Mayor Town of Leesburg