HomeMy WebLinkAbout2010-06-28 10-248 ORDERCOUNCIL ACTION
Item No. 10 248
Date: June 28, 2010
Item/Subject: ORDER, Authorizing Contract Award for Property and Casualty
Insurance
Responsible Department: City Wide
Commentary:
On June 11, 2010 the City received three proposals for Property and Casualty Insurance. The annual
premiums ranged from 440,323 — 508,270.76 — see attached tabulation.
On June 21, 2010 the Finance Committee reviewed and approved staff recommendation to award
the contract to Cross Insurance of Bangor, Maine.
The contract award recommendation must be reviewed approved by the City Council as it is
anticipated to be over $50,000.
Manager's Comments:
Recommend approval.
Associated Information:
Order, Bid Tabulation
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Department Head
Interim City Manager
FirrYance Director
City kolicitor
Page _ of _
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Assigned to Councilor - Nealleq June 28, 2010
CITY OF BANGOR
(TITLE.) Order, Authorizing Contract Award for Property and Casualty Insurance
By the City Counc%1 of the City of Bangor:
ORDERED,
THAT, the proposal provided by Cross Insurance for property and casualty
insurance in the estimated amount of $440,323 is hereby accepted.
IN CITY COUNCIL
June 28, 2010 10-248
Motion Made and Seconded for Passage ORDER
Mr. Brent Cross thanked the Council
for the fiar process and for the
Opportunity
Passed (TITLE,) Authorizing Contract Award
for Property and Casualty Insurance
CITY CLERK
Assigned to Coanciior �Kl t