05-0115R


RESOLUTION AUTHORIZING A CONTRACT TO LISCOMB-HOOD-MASON COMPANY FOR PROPERTY INSURANCE FOR 43 CITY OWNED STRUCTURES AND 37 PIECES OF EQUIPMENT IN THE AMOUNT OF $73,260.

BY COUNCILOR STEWART:

     RESOLVED, that Liscomb-Hood-Mason Company be and hereby is awarded a contract for furnishing property insurance for 43 city owned structures and 37 pieces of equipment in accordance with specifications on its specification bid of $73,260, terms net 30, FOB destination, payable out of Self Insurance Liability Fund 0610, Department/Agency 036, Organization 1651, Object 5360.


STATEMENT OF PURPOSE: This resolution will authorize the purchase of property insurance on 43 city owned structures and 37 pieces of equipment from Liscomb-Hood-Mason Company for $73,260 to be paid from Self Insurance Liability Fund 0610. The city will be insuring a schedule of values of approximately $115,313,049. The list of buildings and equipments that are included in the schedule of value is attached to the resolution. Bid No. 05-0014


Tabulation of bids received January 20, 2005

Liscomb-Hood-Mason Company, Duluth MN

$ 73,260

Otis-Magie-Gustafson Agency, Duluth MN

$103,851

Hays Companies, Minneapolis, MN

$145,466

 

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