21-1017ORDINANCE NO. 21-1017
AN ORDINANCE OF THE CITY OF DENTON, A TEXAS HOME-RULE MUNICIPAL
CORPORATION, PROVIDING FOR, AUTHORIZING, AND APPROVING THE
PURCHASE OF PROPERTY, BOILER, MACHINERY, AND BUSINESS INTERRUPTION
INSURANCE COVERAGE FOR THE DENTON ENERGY CENTER (DEC), THROUGH
THE CITY’S BROKER OF RECORD, LOCKTON COMPANIES, LLC; AND PROVIDING
AN EFFECTIVE DATE (FILE 7659 – AWARDED TO ASSOCIATED ELECTRIC & GAS
INSURANCE SERVICES LIMITED (AEGIS), FOR A THREE (3) YEAR NOT-TO-EXCEED
AMOUNT OF $1,811,000.00).
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 provide 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’s insurance broker of record has obtained proposals in accordance
with all legal requirements, and City Council wishes to procure one or more of the items
mentioned in the above paragraph; 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
7659 Associated Electric & Gas Insurance
Services Limited (AEGIS)
$ 1,8 1 1 ,000.00
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 their designee, is hereby authorized to execute any
contracts relating to the items specified in Section 1, and the expenditure of funds pursuant to
said contracts is hereby authorized.
SECTION 4. The City Council of the City of Denton hereby expressly delegates the
authority to take any actions that may be required or permitted to be performed by the City of
Denton under this ordinance to the City Manager of the City of Denton, or their designee.
SECTION 5. This ordinance shall become effective immediately upon its passage and
approval.
The motion to approve this ordinance was made by and
seconded by ho \ M t \tbc< . The ordinance was passed and approvedby the following vote U -a :
Aye Nay Abstain Absent
Mayor Gerard Hudspeth:
Vicki Byrd, District 1 :
Brian Beck. District 2:
Jesse Davis. District 3 :
Alison Maguire, District 4:
Deb Armintor, At Large Place 5:
Paul Meltzer, At Large Place 6:
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PASSED AND APPROVED this the \T r\) day of TV\ Cbl(_, 2021.
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GERARD HUDSPETH, MAYOR
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ATTEST:
ROSA RIOS, CITY SECRETARY L\\\11111111
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APPROVED AS TO LEGAL FORM:
AARON LEAL, CITY ATTORNEY
Digitally signed by MaKella Lunn
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