HomeMy Public PortalAbout2000_06_27_r120The Town of
Leesburg,
Virginia
PRESENTED June 27, 2000
RESOLUTION NO. 2000-120 ADOPTED June 27, 2000
A RESOLUTION: AWARDING CONTRACTS FOR PROPERTY AND CASUALTY
INSURANCE COVERAGES FOR THE FISCAL YEAR BEGINNING
JULY 1, 2000
WHEREAS, on May 24, 2000, the town received proposals from insurance agents and
brokers to provide the town with property and casualty insurance coverages for the fiscal year
beginning July 1, 2000, and
WHEREAS, the proposals have been reviewed and evaluated by the town's insurance
consultant, McNeary Insurance Consukants, Inc.; and
WHEREAS, McNeary recommends, and the town manager and the director of finance
concur, the award of the town's property and casualty insurance coverage to The Virginia
Municipal League Virginia Municipal Liability Pool and Environmental Liability with the
exception of Airport liability, which is recommended to be awarded to the Hargrove Insurance
Agency and AIG through Arrnfield, Harrison & Thomas, Inc. respectively; and
WHEREAS, the Town Council believes that there are compelling factors in favor of
awarding this contract to PENCO through their agent Armfield, Harrison and Thomas, Inc;
THEREFORE, RESOLVED by the Leesburg Town Council that the town manager is
authorized to enter into contracts for the town's insurance coverages for fiscal year 2000 as
follows:
SECTION I. The town's coverage for miscellaneous floater property, boiler and
machinery, electronic data processing, public officials, and law enforcement liability coverages
for property, flood and earth movement, general liability, crime/bond, automobile and garage
-2-
RESOLUTION - AWARDING CONTRACTS FOR INSURANCE COVERAGES
liability, and umbrella liability be awarded to PENCO, through Armfield, Harrison & Thomas,
Inc., at a premium of $156,640; and
SECTION II. The town's coverage for Airport liability be awarded to Phoenix Aviation
through their agent A.W. Hargrove at a premium of $12,677; and
SECTION III. The town's coverage for environmental liability be awarded to the
American International Specialty Lines Insurance Company through their agent AH&T
Insurance Agency at a premium of $9,851.
PASSED this 27th day of June, 2000.
E. Clem, Mayor
Town of Leesburg
ATTEST:
~le}k of Council
P:LResolutionsXinsurance-property and casualty ALT.doc