7. #R8088 Temp. Reso. #R8088 authorizing the renewal of various insurance coverages for the City's Property and Casualty Insurance Program as part of the City's Comprehensive Risk Management Program, effective April 1, 2024; approving a projected premium cost of $4,993,096, not-to-exceed $5,000,000, including taxes and fees; declaring by four-fifths affirmative vote that applying the City's Competitive Procurement Procedures to the insurance renewals is not in the City's best interest, thereby exempting the insurance renewals from the City's competitive procurement requirements; authorizing the Human Resources Director to negotiate lower premium amounts due under the insurance renewals; authorizing the City Manager to execute the insurance renewal agreements. (Human Resources Director Randy Cross)