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HomeMy WebLinkAboutBids for Life Insurance36 A RESOLUTION REQUESTING THE CITY MANAGER TO ADVERTISE FOR BIDS FOR FURNISHING EMPLOYEES OF THE CITY OF PADUCAH WITH LIFE INSURANCE COVERAGE , AND PRESCRIBING THE CONDITIONS UPON WHICH SUCH PURCHASE SHALL- BE MADE. `; BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH, KENTUCKY: SECTION 1. That the City Manager be, and he is hereby, authorized to advertise for bids for furnishing employees of the City of Paducah with Life Insurance and Survivors' Income Benefits, according to specifications as have been prepared by the City Manager . Such specifications will be made available to prospective bidders upon request to the office of the City Manager . SECTION 2. The City Manager shall advertise for bids by a notice posted on the bulletin board at City Hall and by inserting notice of the request for bids in the Paducah Sun to be published pursuant to KRS Chapter 424. All bids shall be sealed and no bid shall be received after the hour fixed in the notice for opening of same . All bids received by the City Manager up to the time fixed for the opening of same shall be filed with the Board of Commissioners who may let a contract to the best responsible bidder, and the Board of Commissioners shall reserve the right to reject any and all bids and the City shall not become legally obligated to purchase said Life Insurance and Survivors' Income Benefits until the adoption of an ordinance authorizing the exectuion of a contract . SECTION 3. This resolution shall be in full force and effect from and after its adoption . Mayor ~f~ Passed by the Board of Commissioners January 23, 1979 Recorded by Louise McKinney, City Clerk, January 23, 1979. ~..