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RES NO 05-03-2016 CITY OF VAN BUREN,ARKANSAS RESOLUTION NO. 5 - 3 -2016 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 property insurance for the City of Van Buren is due for renewal; and WHEREAS, the City Council desires to continue the property insurance with Municipal Property Program of North Little Rock, Arkansas; and WHEREAS, the amount of renewal is $35,389.35. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN, ARKANSAS, THAT: SECTION 1: The Mayor is authorized to contract with the Municipal Property Program for property insurance in the amount of$30,522.37 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 (0 for and ea against, the foregoing Resolution at its regular meeting held on the 16th day of May 2016. Robert D. ree Mayor ATTESTED: RO . 1 . TO ! ' : GfiZ.Lu� (d 2�(,a I Barbie Curtis Candice A. Settle City Clerk/Treasurer City Attorney