HomeMy Public PortalAbout2023_05_23_R078 Town Liability Insurance Award The Town of
Leesburg,
Virginia PRESENTED: May 23, 2023
RESOLUTION NO. 2023-078 ADOPTED: May 23. 2023
A RESOLUTION: AWARD TOWN LIABILITY INSURANCE TO VIRGINIA
ASSOCIATION OF COUNTIES GROUP SELF-INSURANCE
RISK POOL
WHEREAS, the Town had not solicited its insurance coverage in over ten years and
Town staff decided competing the coverage would benefit the Town; and
WHEREAS, two proposals were received in response to a solicitation for Town
Liability Insurance; and
WHEREAS, all proposals were evaluated by a selection committee in accordance with
the requirements of the Town's Procurement Policy and the laws for a Request for Proposal;
and
WHEREAS, the Virginia Association of Counties Group Self-Insurance Risk Pool's
(VAcorp's) proposal was selected by the Town's selection committee as the best-value (and
lowest cost) to provide required insurance coverages in the amount of$770,055 for the first
year; and
WHEREAS, the award of the Town's liability insurance is for one (1)year, renewable
annually for one (1) year periods unless the Town determines not to renew; and
WHEREAS, Council approval of the award is necessary as the amount exceeds the
Town Manager's signature authority of$200,000; and
WHEREAS, the Chief Procurement Officer and the Director of Finance and
Administrative Services recommend awarding the Town's liability insurance to Virginia
Association of Counties Group Self-Insurance Risk Pool(VAcorp).
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ARESOLUTION: AWARD TOWN LIABILITY INSURANCE TO VIRGINIA
ASSOCIATION OF COUNTIES GROUP SELF-INSURANCE RISK
POOL
THEREFORE, RESOLVED, by the Council of the Town of Leesburg in Virginia as
follows:
1. The Town Manager is hereby authorized to purchase Town liability insurance
policies in a form approved by the Town Attorney from Virginia Association of
Counties Group Self-Insurance Risk Pool(VAcorp) in the amount of$770,055.
PASSED this 23`"day of May 2023.
Kelly k, r
Town of Leesburg
ATTEST: L �
C�L ofCua, 25,a_atiO Clerkk of Council