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HomeMy WebLinkAbout2006-6-7136ORDINANCE NO. 2006-6-7136 AN ORDINANCE ACCEPTING THE PROPOSAL OF KENTUCKY LEAGUE OF CITIES FOR WORKERS' COMPENSATION, PROPERTY AND LIABILITY INSURANCE 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 in the total amount of $1,183,182.00 for Workers' Compensation, Property, and Liability Insurance for the City of Paducah for Fiscal Year ending June 30, 2007, for the following policies: Workers' Compensation $514,568.00 Property Insurance $109,799.00 Liability Insurance $558,815.00 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, May 30, 2006 Adopted by the Board of Commissioners, June 13, 2006 Recorded by Tammara S. Brock, Cit Clerk, June 13, 2006 Published by The Paducah Sun, \ord\pers\insurance — klc fy2007 715