RES NO 06-03-1994 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 3 -1994
A RESOLUTION ACCEPTING THE BID OF THE REBSAMEN INSURANCE COMPANY ON
PROPERTY INSURANCE FOR THE YEAR BEGINNING JUNE 25, 1994, AND ENDING JUNE
25, 1995.
WHEREAS, The Mayor has advertised for bids on property insurance
for the year beginning June 25, 1994, and ending June 25,
1995, as per attached bid information; and
WHEREAS, The following bids have been received:
FIRM PREMIUM COMPANY
Johnson, Moorman Russell, Inc.
Option I Deductible $2,500 $5,675.00 Employers Mutual Insurance Co.
Option II Deductible $1, $7,200.00 Great American Insurance Co.
Rebsamen Insurance Company $5,991.00 American States Insurance Co.
Deductible $1,000
and,
WHEREAS, The Council feels that the bid of the Rebsamen Insurance
Company is adequate:
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
VAN BUREN, ARKANSAS:
THAT, The Bid of $5,991.00 Annual Premium with a Deductible of
$1,000 from the Rebsamen Insurance Company is the best bid
and is accepted.
THAT, The Mayor is authorized and directed to pay for same out
of the General Fund.
PASSED AND APPROVED THIS 20TH DAY OF JUNE ,19 94
I .t
OR
ATTESTED:
CI Y CLERK- TREASURER