City of Booneville Council Meeting Minutes July 2025
City Cancels Insurance Policy with River Company
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Description
The Booneville City Council voted to cancel its property and vehicle insurance policy with River Company, incurring a 10% penalty for early termination after three months of coverage. The termination was driven by a more cost-effective quote obtained from Arkansas Municipal League.
Contract Details
Vendor
RIVER COMPANY
Agency
City of Booneville, AR
Contract Type
INSURANCE
Document Date
July 22, 2025
Contract Term
annual (policy started April 2025, canceled July 2025)
Renewal Date
2026-04-01
Renewal Info
Policy was replaced three months into the new annual term; cancellation incurred a 10% penalty fee per contract terms.
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