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19880126 r-88-2RESOLUTION NO. R-88-2 A RESOLUTION AUTHORIZING THE DIRECTOR OF FINANCE TO ENTER INTO INSURANCE CONTRACTS ON BEHALF OF THE CITY OF FAIRFAX, VIRGINIA WHEREAS, several of the current insurance contracts of the City of Fair- fax will expire on February 1, 1988, and WHEREAS, the City of Fairfax has not yet received the final quotes from several insurance carriers who are expected to bid for contracts with the City of Fairfax; and WHEREAS, the City Council is not scheduled to meet again until after several of the current insurance contracts have expired; and WHEREAS, the City Council has discussed the insurance needs of the City and the various alternatives available with the Director of Finance and has directed him as to the classes of insurance, types of coverage, and policy limits that it deems necessary to protect the interests of the City; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Fairfax Virginia, that the Director of Finance be authorized to execute contracts on behalf of the City of Fairfax insuring the City, its public officials, boards, commissions, and employees against property loss and liability in accordance with the directions of this Council and in the best interest of the City. Adopted: January 26, 1988 ATTEST: