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HomeMy WebLinkAbout2008-6-7427ORDINANCE NO. 2008-6-7427 AN ORDINANCE ACCEPTING THE PROPOSAL OF KENTUCKY LEAGUE OF CITIES 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 in the total amount of $968,823.00 for Workers' Compensation, Liability Insurance, and Property Insurance Coverage for the City of Paducah for Fiscal Year ending June 30, 2009, for the following policies: Workers' Compensation 1 $331,239.00 Property Insurance 1$110,558.00 Liability Insurance 1 $527,026.00 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: jwm4yw S &Sck Tammara S. Brock, City Clerk Introduced by the Board of Commissioners, June 10, 2008 Adopted by the Board of Commissioners, June 24, 2008 Recorded by Tammara S. Brock, City Clerk, June 24, 2008 Published by The Paducah Sun, July 3, 2008 \ord\pers\insurance — klc fy2009