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RES NO 05-01-2015 CITY OF VAN BUREN, ARKANSAS RESOLUTION NO. 5 - - 2015 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$32,886.14. 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$28,019.16 from general funds and $4,866.98 from street funds. IN WITNESS WHEREOF,the City of Van Buren, Arkansas, by its City Council, did pass, approve, and adopt, by a vote of 5 for and 0 against, the foregoing Resolution at its regular meeting held on the 26th day of May 2015. tja — Robert D Freeman Mayor ATTESTED: A' 'ROVED AS TO FORM: C(A1(14; /4111k Barbie Curtis Candi Settle City Clerk/Treasurer City Attorney