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RESOLUTION N0. 87- 63 <br />INTRODUCED BY: Mayor Carmen & 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 EIGHT THOUSAND FOUR HUNDRED DOLLARS <br />($8,400.00) FOR THE PURCHASE OF EXCESS AUTOMOBILE <br />LIABILITY INSURANCE FROM THE TUDOR INSURANCE <br />COMPANY FOR THE PERIOD JULY 1, 1987 TO JULY 1, <br />1988 AND DECLARING AN EMERGENCY. <br />BE IT RESOLV ED BY THE COUNCIL OF HAYFIELD 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 Eight <br />Thousand Four Hundred Dollars (58,400.00) for the purchase of excess <br />automobile liability insurance from the Tudor Insurance Company for <br />the period July 1, 1987 to July 1, 1988 in accordance with the <br />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 r <br />earliest time allowed by law. <br />o Basile, Counc' President <br />First Reading: 7/20/87 <br />Second Reading: Suspended <br />Third Reading: SusQended <br />PASSED: 7/20/87 1 <br />APPROV ~ ~ ~--- <br />•red N. Carm n, ayo Date <br />APPROVED AS TO FORM: <br />Da a C. Feneli, d,aw Director <br />ATTEST: `~M~MCa~.~ <br />Donna J eath, Clerk of Council <br />