01-0484R

RESOLUTION AUTHORIZING A NINE MONTH EXTENSION CONTRACT TO CARTIER AGENCY, INC., FOR PROPERTY INSURANCE FOR CITY OWNED STRUCTURES, IN THE AMOUNT OF $53,950.

BY PRESIDENT EDWARDS:

        RESOLVED, that Cartier Agency, Inc., be and hereby is awarded a nine month extension contract for furnishing and delivering property insurance for city owned structures in accordance with specifications on its specification bid of $53,950, terms net 30, FOB destination, payable out of Self Insurance Fund 605.



STATEMENT OF PURPOSE: This resolution will authorize a nine month extension of property insurance on city owned structures from Cartier Agency, Inc., for $53,950 to be paid from Self Insurance Fund 0605. The city will be insuring a schedule of values of approximately $115,296,575. Requisition No. 01-0014