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RES NO 05-05-2013 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 5 5 2013 BE IT ENACTED BY THE CITY COUNCIL, FOR THE CITY OF VAN BUREN, ARKANSAS, A RESOLUTION TO BE ENTITLED: A RESOLUTION ACCEPTING THE BID 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 only bid in the amount of 44,291.79. 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 44,291.79 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° against, the foregoing Resolution at its regular meeting held on the 20th day of May 2013. i J Robert D. eman Mayor ATTESTED: APPR AS 70 F I -----\kuoLkk 4110ACO Sahib r u-ts Candice A. Settle C;ty ClLlk/TtcasuiLr City Attorney