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REASONS: <br /> On September 20, 2012, Resolution No. 2012-1958 was approved for an amount <br /> not to exceed $721,783 for insurance renewals with Brown & Brown/Preferred <br /> Governmental Insurance Trust. The Resolution was for renewal of the <br /> Commercial Package Policy (Property, Liability, Automobile), Worker's <br /> Compensation and Miscellaneous Insurances. The additional amount and related <br /> coverage listed above were not allowed for in the original Resolution and it is <br /> recommended that the additional amount be granted in order to ensure adequate <br /> coverage is in place for the City. <br /> ADDITIONAL INFORMATION: <br /> We will be reviewing all of our deductibles with an eye toward cost savings from <br /> adjustments that may be in the City's best interest. <br /> FUNDING SOURCE: <br /> Funding will come from account numbers: 10-533-5458 Property Insurance <br /> Coverage, 10-533-5454 Worker's Compensation, 10-533-5451 Property <br /> Deductibles, 10-533-5459 General Liability Premiums, and 20-600-5670 Pier's <br /> Builder's Risk. <br /> ATTACHMENTS: <br /> • Resolution <br /> Agenda Item No 10E <br /> Date 6/20/2013 <br /> 101 <br />