HomeMy WebLinkAboutResolution - 2023-R0428 - LP&L Property Insurance Coverage To Include Terrorism - 09/12/2023Resolution No. 2023-R0428
Item No. 5.20
September 12, 2023
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Manager of the City of Lubbock is hereby authorized and directed
to purchase for and on behalf of Lubbock Power and Light, the City's municipal electric
utility, property insurance coverage to include Terrorism with insurers as yet to be
determined, for which the premium amount shall not exceed a rate of .3497 per $100.00;
and
THAT the City Manager may execute any routine documents and forms
associated with said insurancc coverage.
Passed by the City Council this Se}�tember 12, 2023
TRAY
ATTEST:
Courtney Paz, City Secretary
APPROVED AS TO CONTENT:
D. Kos ich, Chief i� i ial Officer
APPROVED AS TO FORM:
�
_ _,
Jef rtsell, y City rney
RES.Risk Mgmt-LP&L Property Ins.
September 6, 2023
Resolution No. 2023-R0428
91612025