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RESOLUTION N0. 87- 57 <br />INTRODUCED BY: Mayor Carmen and Council as a Whole <br />A RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE <br />TO MAKE PAYMENT TO LOVE INSURANCE AGENCY, INC. IN <br />THE AMOUNT OF SEVEN THOUSAND SIX HUNDRED NINETY <br />SEVEN DOLLARS ($7,697.00) FOR THE PURCHASE OF A <br />PROPERTY INSURANCE PACKAGE POLICY FROM INSURANCE <br />COMPANY OF NORTH AMERICA FOR THE PERIOD JUNE 1, <br />1987 TO JUNE 1, 1988 AND DECLARING AN EMERGENCY. <br />BE IT RESOLV ED BY THE COUNCIL OF MAYFIELD VILLAGE, OHIO, THAT: <br />Section 1. The Director of Finance is hereby authorized <br />and directed to pay to Love Insurance Agency, Inc, the sum of Seven <br />Thousand Six Hundred Ninety Seven Dollars ($7,697.00) for the purchase <br />of a property insurance package policy from Insurance Company of North <br />America for the period June 1, 1987 to June 1, 1988 in accordance with <br />the proposal for such insurance made by Love Insurance Agency, Inc. <br />Section 2. That the Council finds and determines that all <br />formal actions of this Council relating to the adoption of this <br />Resolution have been taken at open meetings of this Council; and that <br />deliberations of this Council and of its committees, resulting in such <br />formal action, took place in meetings open to the public, in <br />compliance with all statutory requirements including the requirements <br />of Section 121.22 of the Ohio Revised Code. <br />Section 3. This Resolution is hereby declared to be an <br />emergency measure necessary for the immediate preservation of the <br />health, safety and welfare of the residents of Mayfield Village for <br />the reason that the insurance purchased herein is necessary to protect <br />municipal assets. It shall therefore take effect immediately upon <br />passage by the affirmative vote of not less than four (4) members <br />elected to Council and approval by the Mayor or otherwise at the <br />earliest time allowed by law. ~ <br />o Basile, Council President <br />First Reading: 7/20/87 <br />Second Reading: Suspended <br />Third Reading: Suspended <br />PASSED: ~{ July 20, <br />APPROV ED <br />Fred N. Ca <br />7-Z,~`~~ <br />Date <br />APPROVED AS TO FORP1: `~ <br />e C. Feneli, aw Director <br />ATTEST: •~p'YV11G~• ~}~.~ <br />Donna J. math, Clerk of Council <br />