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HomeMy WebLinkAbout2008-3-7405ORDINANCE NO. 2008-3-7405 AN ORDINANCE ACCEPTING THE PROPOSAL OF KENTUCKY LEAGUE OF CITIES FOR A THREE-YEAR RATE GUARANTEE FOR WORKERS' COMPENSATION, LIABILITY INSURANCE, AND PROPERTY INSURANCE COVERAGE FOR THE CITY OF PADUCAH, AND AUTHORIZING THE MAYOR TO EXECUTE A CONTRACT FOR SAME BE IT ORDAINED BY THE CITY OF PADUCAH, KENTUCKY: SECTION 1. The City accepts the proposal of Kentucky League of Cities for a three-year rate guarantee for Workers' Compensation, Liability Insurance, and Property Insurance Coverage for the City of Paducah ending June 30, 2011. SECTION 2. The Mayor is hereby authorized to execute a contract with Kentucky League of Cities for services authorized in Section 1 above. account. SECTION 3. This expenditure shall be charged to Insurance Fund SECTION 4. This ordinance shall be read on two separate days and will become effective upon summary publication pursuant to KRS Chapter 424. ATTEST: Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, March 11, 2008 Adopted by the Board of Commissioners, March 25, 2008 Recorded by Tammara S. Brock, City Clerk, March 25, 2008 Published by The Paducah Sun, March 31, 2008 \ord\pers\insurance — klc 3 -yr rate guarantee 592