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HomeMy WebLinkAboutResolution - 2006-R0032 - Agreement Ratification - ACE Fire Underwriters Insurance Company - 01/26/2006Resolution No. 2006-R0032 January 26, 2006 Item No. 5.14 RESOLUTION BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK: THAT the Mayor of the City of Lubbock BE and is hereby authorized and directed to ratify the agreement between the City of Lubbock and ACE Fire Underwriters Insurance Company for the purchase of $50,000,000 in property insurance coverage for Montford Dam, in a total amount not to exceed $139,350; and THAT the City Manager or designee may execute any routine documents and forms associated with said insurance coverage. Passed by the City Council this 26th day, of January, ' ATTEST: Rebecca Garza, City Secretary APPROVED AS TO CONT T: Scott Snider, Director of Human Resources APPROVED AS TO FORM: "Matthew L. Wade, Natural Resources Attorney gs/ccdocs/Agrmnt ACE-Montford Dam.res January 18, 2006