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RES NO 03-06-1986 l0-∎c181/4 CITY OF VAN BUREN, ARKANSAS 7 RESOLUTION NO. G "-7 -1986 A RESOLUTION ACCEPTING THE PROPOSAL OF THE ARKANSAS MUNICIPAL LEAGUE MUNICIPAL VEHICLE PROGRAM ON AUTO AND VEHICLE INSURANCE FOR THE TWELVE MONTH PERIOD BEGINNING APRIL 1, 1986, AND ENDING APRIL 1, 1987. WHEREAS, The Mayor has advertised for bids on auto and vehicle insurance for one year beginning April 1, 1986, and ending April 1, 1987; and WHEREAS, The following bids have been received: COMPANY Bob Miller Insurance Agency $19,573.00 Arkansas Municipal League 8,830.00 ($500 deposit to Vehicle Program for each accident) NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VAN BUREN, ARKANSAS: THAT the Proposal of The Arkansas Municipal League Municipal Vehicle Program in the amount of $8,830.00 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 17th DAY OF March 19 86 —411-144! MAYOR ATTESTED: CI Y CLERK TREASURER