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RES NO 05-02-1993 0 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO.S -1993 A RESOLUTION ACCEPTING BIDS FOR PROPERTY INSURANCE. WHEREAS, Time and circumstances did not allow for the passage of a Resolution authorizing the Mayor to advertise for bids; and WHEREAS, The City did advertise for bids for its property insurance coverage; and WHEREAS, Bids were received and opened on the date and time advertised; and WHEREAS, The bid of 5,416.00 by Johnson, Moorman Russell, Inc., Fort Smith, Arkansas is considered to be the lowest, responsible bid: NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: SECTION 1: THAT the City Council hereby ratifies the action of advertising for bids without the authorization of a prior Resolution. SECTION 2: THAT the City Council hereby accepts the bid of 5,416.00 by Johnson, Moorman Russell, Inc. Fort Smith, Arkansas for the City's property insurance coverage and further authorizes the Mayor and City Clerk to contract with the approved bidder for such insurance coverage at the bid amount. PASSED AND APPROVED THIS 24TH DAY OF MAY ,19 93 0 0 MA r ATTESTED: Y CLERK .TREASURER