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2001-362ORDINANCE NO ~/-,fl~ c~ CONSIDER APPROVAL OF AN ORDINANCE ACCEPTING COMPETITIVE SEALED PROPOSALS AND AWARDING A CONTRACT FOR THE PURCHASE OF COMMERCIAL PROPERTY AND BOILER & MACHINERY INSURANCE, PROVIDING FOR THE EXPENDITURE OF FUNDS THEREFORE, AND PROVIDING FOR AN EFFECTIVE DATE (RSFP 2728 - COMMERCIAL PROPERTY AND BOILER & MACHINERY INSURANCE AWARDED TO FM GLOBAL, AT A COST TO THE CITY OF DENTON NOT TO EXCEED $162,165) WHEREAS, the C~ty has sohc~ted, received and evaluated competitive sealed proposals for the purchase of necessary materials, eqmpment, supphes or services m accordance w~th the procedure of STATE law and City ordinances, and WHEREAS, the City Manager or a designated employee has received and reviewed and recommended that the here~n described proposals are the most advantageous to the City conmdenng the relative ~mportance of price and the other evaluation factors included m the request for proposals, and WHEREAS, the C~ty Council has provided in the C~ty Budget for the appropnat~on of funds to be used for the purchase of the materials, eqmpment, supphes or servmes approved and accepted herein, NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS SECTION 1 That the ~tems m the following numbered request for proposal for matenals, equipment, supphes or services, shown m the "Request Proposals" on file in the office of the Purchasing Agent, are hereby accepted and approved as being the most advantageous to the C~ty conmdenng the relative ~mportance ofpnce and the other evaluation factors included ~n the request for proposals RFSP NUMBER CONTRACTOR AMOUNT 2728 FM Global $162,165 SECTION 2 That by the acceptance and approval of the above numbered ~tems of the submitted proposals, the C~ty accepts the offer of the persons submitting the proposals for such items and agrees to purchase the materials, eqmpment, supphes or services ~n accordance w~th the terms, specfficat~ons, standards quantities and for the spemfied sums contmned ~n the Proposal Invitations, Proposals, and related documents 1 SI~CTION 3 That should the City and person submltt~ng approved and accepted ~tems and of the submitted proposals wish to enter anto a formal written agreement as a result of the acceptance, approval, and awarding of the proposals, the Caty Manager or h~s designated representa~ve ~s hereby anthonzed to execute the written contract, prowded that the wratten contract ~s in accordance wath the terms, condaUons, specfficat~ons, standards, quantmes and speeffied sums contamed~m the Proposal and related documents hereto approved and accepted SECTION 4 That the C~ty Manager or h~s designated representative ~s hereby authonzed to execute a ,contract with FM Global for Commermal Property and Boiler & Machinery Insurance under RFSP 2728 SECTION 5 That by the acceptance and approval of the above numbered items of the submitted proposals, the C~ty Council hereby authorizes the expenditure of funds therefore in the amount and m accordance w~th the approved proposals or pursuant to a written contract made pursuant thereto as authorized here~n SECTION 6 approval That fins ordinance shall become effective lmmedmtely upon ~ts passage and PASSED AND APPROVED th~s the /~¢ day of EULINE BROCK, MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY APPROVED AS TO LEGAL FORM HERB~~~_ATTORNEY