HomeMy Public PortalAbout2001_02_27_r025
The Town of
l...,eesburg,
~Virginia
RESOLUTION NO. 2001-25
PRESENTED February 27, 2001
ADOPTED February 27, 2001
A RESOLUTION: DETERMINING THAT COMPETITIVE SEALED BIDDING IS NEITHER
PRACTICABLE NOR FISCALLY ADV ANT AGEOUS FOR THE
PROCUREMENT OF PROPERTY AND CASUALTY INSURANCE
WHEREAS, in accordance with the Virginia Public Procurement Act, the town is required to
competitively solicit sealed bids for insurance unless Council justifies in writing that competitive
sealed bidding either is not practicable or not fiscally advantageous to the public, in which case a
request for proposals (RFP) and competitive negotiation may be used; and
WHEREAS, many insurance company policy forms have various differences in insuring
agreements, conditions and exclusions; and
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WHEREAS, competitive sealed bidding does not allow staff the latitude to negotiate the
broadest form of coverage that may be available; and
WHEREAS, it is the recommendation of staff and the town's insurance consultant that
competitive sealed bidding is not practicable and not fiscally advantageous for the procurement of
such insurance.
THEREFORE, RESOLVED by the Council of the Town of Leesburg in Virginia that
competitive sealed bidding is not practicable and is not fiscally advantageous for the procurement of
property and casualty insurance.
PASSED this 27th day of February 2001.
B~~1~a~~
Town of Leesburg
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