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RES NO 05-01-2011 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 5 2011 BE IT ENACTED BY THE CITY COUNCIL. FOR THE CITY OF VAN BUREN, ARKANSAS, A RESOLUTION TO BE ENTITLED: A RESOLUTION ACCEPTING THE 13ID OF MUNICIPAL PROPERTY PROGRAM PROPERTY INSURANCE. WHEREAS, The Mayor has advertised for bids for property insurance; and WHEREAS, Bids have been received and opened as advertised; and WHEREAS, Municipal Property Program of North Little Rock Arkansas, was the lowest bid in the amount of 32,232.56. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS, THAT: Section 1: The bid of Municipal Property Program is reasonable and is hereby accepted. The Mayor is authorized to contract with the Municipal Property Program for property insurance in the amount of 32,232.56 from capital improvement funds. IN WITNESS WHEREOF, the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of for and Q against, the foregoing Resolution at its Regular Meeting held on the 16 th day of May, 2011. Robert D. Mayor ATTESTED: AP 20 t D AS TO FORM: 42b4L CLUZ, I Barbie Curtis e e A. Settle City Clerk /Treasurer City Attorney