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Ordinance No. 4,13650425 -3 ORDINANCE NO. 4136 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS, RENEWING THE CONTRACT WITH JIM BOND AND COMPANY FOR PROPERTY COVERAGE FOR THE CITY OF BAYTOWN; AND AUTHORIZING AND DIRECTING THE MAYOR AND CITY CLERK TO EXECUTE AND ATTEST TO THE RENEWAL OF SAID CONTRACT WITH JIM BOND AND COMPANY; AUTHORIZING PAYMENTS OF PREMIUMS PURSUANT TO THE TERMS OF SAID CONTRACT; AND PROVIDING THE EFFECTIVE DATE HEREOF. WHEREAS, the City Council of the City of Baytown, Texas, did authorize the Administration to advertise for bids to supply the City of Baytown with property coverage for the City of Baytown, said bids to be received March 21, 1983; and WHEREAS, notice to bidders as to the time and place, when and where the contract would be let was published pursuant to provisions of Section 74 of the Charter of the City of Baytown; and WHEREAS, all bids were opened and publicly read at City Hall at 5:00 o'clock p.m., Monday, March 21, 1983, as per published notice to bidders; and WHEREAS, the City of Baytown's consultant the Wyatt Company, has advised the Administration of the fiscal advantages of annual renewals of policies with the City's selected agents; and WHEREAS, the selected agent has offered renewals which do not substantially vary for property coverages; and BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BAYTOWN, TEXAS: Section 1: That the City Council of the City of Baytown, Texas, hereby renews property coverages, including facilities, EDP, boiler and machinery, criminal activity, and contractors equipment coverages, with its contracted agent Jim Bond and Company. Section 2: That the Mayor and City Clerk are hereby authorized and directed to execute and attest to a contract with James Bond and Company and the Director of Personnel is hereby authorized to make payments of premiums pursuant to the terms of said contract, said base premium being ONE HUNDRED TWENTY THOUSAND SEVEN HUNDRED FORTY -SIX AND NO /100 ($120,746.00) DOLLARS. Section 3: This ordinance shall take effect immediately from and after its passage by the City Council of the City of Baytown. INTRODUCED, READ, and PASSED by the affirmative vote of the City Council of the City of Baytown, this the 25th dayyg April, 1985. METT O. HUTTO, Mayor ATTEST: ="� - EILEEN P. HAL , C ty Clerk APPROVED: 9ANLL B. STR G, Ci — t o r n e y