RES NO 06-05-2002 CITY OF VAN BUREN, ARKANSAS
RESOLUTION NO. 1CI "Jr -2002
A RESOLUTION REJECTING BIDS FOR INSURANCE AND AUTHORIZING THE
MAYOR TO CONTRACT WITH THE ARKANSAS MUNICIPAL LEAGUE FOR
PROPERTY INSURANCE.
WHEREAS, The Mayor has advertised for bids for property insurance; and
WHEREAS, Bids have been received and opened as advertised; and
WHEREAS, The lowest bid received was in the amount of $22,138.00; and
WHEREAS, The Arkansas Municipal League will provide property insurance to the
City for $9.537.00; and
WHEREAS, The Arkansas Municipal League is exempted from the competitive
bidding requirement.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF VAN BUREN,
ARKANSAS:
THAT, All bids received are rejected and the Mayor is authorized to contract with
the Arkansas Municipal League for property insurance in the amount of
$9,537.00.
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PASSED AND APPROVED THIS 1 DAY OF JUNE, 2002.
MAY= RIGGNY
ATTESTED:
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CITY CLERK/TREASURER