HomeMy WebLinkAbout1998-252ORDINANCE NO��
AN ORDINANCE ACCEPTING COMPETITIVE BIDS AND AWARDING AN INSURANCE
CONTRACT FOR PROPERTY AND COMMERCIAL CRIME COVERAGE, PROVIDING FOR
THE EXPENDITURE OF FUNDS THEREFOR, AND PROVIDING AN EFFECTIVE DATE
(BID # 2240 — PROPERTY INSURANCE AWARDED TO ARKWRIGHT MUTUAL
INSURANCE COMPANY IN THE AMOUNT OF $212,318 00)
WHEREAS, the City has solicited, received and tabulated competitive bids for the purchase
of necessary materials, equipment, supplies or services in accordance with the procedures of STATE
law and City ordinances, and
WHEREAS, the City Manager or a designated employee has reviewed and recommended
that the herein described bids are the lowest responsible bids for the materials, equipment, supplies
or services as shown in the "Bid Proposals" submitted therefore, and
WHEREAS, the City Council has provided in the City Budget for the appropriation of funds
to be used for the purchase of the materials, equipment, supplies or services approved and accepted
herein, NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS
SECTION I That the numbered items in the following numbered bids for materials,
equipment, supplies, or services, shown in the "Bid Proposals" attached hereto, are hereby accepted
and approved as being the lowest responsible bids for such items
BID ITEM
NUMBER NO VENDOR AMOUNT
2240 ALL ARKWRIGHT MUTUAL INSURANCE CO $212,318 00
SECTION II That by the acceptance and approval of the above numbered items of the
submitted bids, the City accepts the offer of the persons submitting the bids for such items and
agrees to purchase the materials, equipment, supplies or services in accordance with the terms,
specifications, standards, quantities and for the specified sums contained in the Bid Invitations, Bid
Proposals, and related documents
SACTION III That should the City and persons submitting approved and accepted items
and of the, submitted bids wish to enter into a formal written agreement as a result of the acceptance,
approval„and awarding of the bids, the City Manager or his designated representative is hereby
authorized to execute the written contract which shall be attached hereto, provided that the written
contract is in accordance with the terms, conditions, specifications, standards, quantities and
specified sums contained in the Bid Proposal and related documents herein approved and accepted
SECTION IV That by the acceptance and approval of the above numbered items of the
submitted bids, the City Council hereby authorizes the expenditure of funds therefor in the amount
and in accordance with the approved bids or pursuant to a written contract made pursuant thereto as
authorized herein
SECTION V That this ordinance shall become effective immediately upon its passage and
approval
SG
PASSED AND APPROVED this day of SSA?mbef', 1998
JACK,�OfLER, MAYOR
ATTEST
JENNIFER WALTERS, CITY SECRETARY
APPROVED AS TO LEGAL FORM
HERBERT L PROUTY, CITY ATTORNEY
BY t 4 c/ —
224 UP ICY ORDNANCE
ATTACHMENT#1
TABULATION SHEET
BID #
2240
Arkwrlght
Wausau
TML
BID NAME
PROPERTY INSURANCE
Mutual
Insurance
Ins Cc
Cc
DATE
6-Au
198
MMENISONIM
EFAMEMMNSWAINNUM
PROPERTY INCLUDE BOILER & MACHINERY
$155,254 00
NO BID
$100,629 007 **
VEHICLE FLOATER II - CATASTROPHIC LOSS
Included
NO BID
$4,250 00
VEHICLE AND MOBILE EQUIPMENT PHYSCIAL
$1,670 00
DAMAGE
$53,569 00
NO BID
$36,375 00
COMMERCIAL CRIME
$3,495 00
$5,425 00 *
$16,720 00
* 3iYr Prepared Premium $16,275 00
** Not Included boiler & machinery
3