20-2562ORDINANCE NO.20-2562
AN ORDINANCE RATIFYRqG THE EXPENDITURE OF FUNDS BY THE CITY
MANAGER AND THE PURCHASnqG AGENT FOR THE PURCHASE OF EXCESS
LIABILITY INSURANCE COVERAGE FOR THE CITY OF DENTON. AND
AUTHORIZING THE EXPENDITURE OF ADDITIONAL FUNDS FOR SUCH PURPOSE,
THROUGH THE CITY’S SOLE BROKER OF RECORD, LOCKTON COMPANIES, LLC,;
AND PROVDngG AN EFFECTIVE DATE (FILE 7595 – AWARDED TO ARGO GROUP
INTERNATIONAL HOLDINGS LTD. FOR A THREE (3) YEAR NOT-TO-EXCEED
AMOUNT OF $906,98 1.00).
WHEREAS, Section 252.024 of the Local Government Code provides that a municipality
may select a licensed insurance broker as the sole broker of record to obtain proposals and
coverages for excess or surplus insurance that provides necessary coverage and adequate limits
of coverage in structuring layered excess coverages in all areas of risk requiring special
consideration, including public official liability, police professional liability, and airport liability;
and
WHEREAS, the City Manager has recommended to the City Council that it was
necessary to purchase goods or services due to the following emergency conditions outlined in
the memorandum referenced herein; and
WHEREAS, the City’s insurance broker of record has obtained proposals and City
Council wishes to procure excess workers’ compensation insurance coverage for a three (3) year
period; NOW, THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The following purchase of materials, equipment or supplies, as described in
the “File” listed hereon, and on file in the office of the Purchasing Agent, and the license terms
attached are hereby approved:
FILE
NUMBER VENDOR AMOUNT
7595 Argo Group International Holdings Ltd.$906,981.00
SECTION 2. The acceptance and approval of the above items shall not constitute a
contract between the City and the person submitting the quotation for such items until such
person shall comply with all requirements specified by the Purchasing Department.
SECTION 3. The City Manager, or his designee, is authorized to execute any contracts
relating to the items specified in Section 1 and to expend funds as required by such contracts.
SECTION 4. The City Council of the City of Denton, Texas expressly delegates the
authority to take any actions that may be required or permitted to be performed by the City of
Denton under File 7595 for the emergency purchase of Excess Liability Insurance Coverage for
the City of Denton, to the City Manager of the City of Denton, Texas, or his designee.
SECTION 5. This ordinance shall become effective immediately upon its passage and
approval.
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the following vote [L - O
Aye Nay Abstain Absent
Mayor Gerard Hudspeth:
Birdia Johnson. DistrIct 1 :
Connie Baker. District 2:
Jesse Davis, District 3 :
John Ryan, District 4:
Deb Armintor, At Large Place 5 :
Paul Meltzer, At Large Place 6:
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PASSED AND APPROVED this the 5 Eb day of ,LJHC', 2021.
ETH, MAYOR
ATTEST:
ROSA RIOS. CITY SECRETARY
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APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
Digitally signed by Marcella Lunn
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Date: 2020.12.28 1 7:40:38 -06'oo'