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HomeMy WebLinkAboutCouncil Resolution 612RESOLUTION NO. 612 A RESOLUTION AMENDING SUBSECTION 12, SECTION 3, OF THE RULES OF THE CENTRAL POINT CONTRACT REVIEW BOARD BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CENTRAL POINT, Oregon, that Subsection 12, Section 3, of the Rules of the Central Point Contract Review Board, passed by the Contract Review Board February 9, 1978, is hereby amended so as to read as follows: "(12) (a) Contracts for employee benefit insurance. (b) Contracts for insurance where either the annual or aggregate premium is less than $5,000. (c) Contracts for insurance where either the annual or aggregate premium exceeds $5,000 must be let by formal competitive bidding or by appointment of an Agent of Record. The following shall apply to the Agent of Record: (i) The Agent of Record must be a licensed insurance agent capable of performing insurance services in connection with more than one insurance contract, including the securing of competitive proposals from insurance carriers for all coverages for which the agent of record is given responsibility.. (ii) The Agent of Record shall be appointed for a period not to exceed three years; however, more than one appointment period may be served. (iii) Prior to the selection of the Agent of Record, the City shall make reasonable efforts to inform known insurance agents in the Rogue Valley area that it is considering such selection. These efforts shall include a public advertisement in at least one newspaper of general circulation generally describing the nature of the insurance that the City will require. (iv) The Agent of Record shall be selected on the basis of his or her ability to provide the most cost-effective services, with consideration given to both quality and cost of service." Passed by the Co??~~cil and igned by me in authentication of its passage this ~~41ay of ~ , 199. Mayoaz'Roger Westensee ATTEST: App cued by me `this _~~'day of 199 Mar Roger Westensee RESOLUTION NO. 612 (121291)