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• RESOLUTION AUTHORIZING <br />THE PURCHASE OF INSURANCE COVERAGE <br />WHEREAS, the Director of Finance has solicited and <br />received sealed proposals for the renewal of the City's <br />property and liability insurance coverages for a three year <br />term beginning October 1, 1983; and <br />WHEREAS, analysis of the proposals received demonstrates <br />that the proposal of Marsh & McClennan, Inc. as brokers for <br />Insurance Company of Ireland, provides the lowest annual premium <br />cost, as well as coverages substantially broader than those <br />heretofore in effect, including physical damage coverage on <br />some city vehicles not previously covered; now, therefore, <br />BE IT RESOLVED by the Council of the City of Charlottesville, <br />Virginia, pursuant to Section 2-123 of the City Code, that the <br />City Manager and Director of Finance are authorized to accept <br />and contract for the insurance coverages described in the afore- <br />said proposal of Marsh and McClennon, Inc., effective October 1, <br />is <br />1983. <br />Approved by Council <br />October 3, 1983 <br />C e c of Council <br />83-6-45 <br />• <br />