00-0024R
RESOLUTION AWARDING CONTRACT TO CARTIER AGENCY, INC., FOR PROPERTY INSURANCE FOR CITY OWNED STRUCTURES, IN THE AMOUNT OF $50,308.
BY COUNCILOR EDWARDS:

RESOLVED, that Cartier Agency, Inc., be and hereby is awarded a contract for furnishing and delivering property insurance for city owned structures in accordance with specifications on its low specification bid of $50,308, terms net 30, FOB destination, payable out of Self Insurance Fund 605.



STATEMENT OF PURPOSE: This resolution will authorize the purchase of property insurance on City owned structures for the year 2000 from Cartier Agency, Inc. for $50,308. to be paid from Self Insurance Fund. Eighteen agencies were solicited for proposals. Cartier Agency, Inc. was the only company who responded. The City will be insuring a schedule of values of approximately $111,000,000. The budgeted amount is $50,000.

Tabulation of proposals received: November 30, 1999:  Cartier Agency, Inc., Duluth, MN - $ 50,308.

Bid No. 00-0003C