|
RESOLUTION NO. 2024 - ��--
<br />A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH,
<br />FLORIDA, APPROVING THE RENEWAL OF THE COMMERCIAL PACKAGE POLICY
<br />(PROPERTY, LIABILITY, AUTOMOBILE), WORKERS COMPENSATION, AND
<br />MISCELLANEOUS INSURANCES WITH BROWN & BROWN / PREFERRED
<br />GOVERNMENT INSURANCE TRUST (PGIT) FOR THE PERIOD OF OCTOBER 1,
<br />2024, THROUGH SEPTEMBER 30, 2025, IN AN AMOUNT NOT TO EXCEED ONE
<br />MILLION NINE HUNDRED SEVENTY-FIVE THOUSAND DOLLARS AND NO CENTS
<br />($1,975,000.00), AS OUTLINED IN EXHIBIT "A"; AUTHORIZING THE CITY
<br />MANAGER TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION;
<br />PROVIDING FOR AN EFFECTIVE DATE.
<br />WHEREAS, on September 15th, 2016, via Resolution No. 2016-2579, the City Commission
<br />entered into an Agreement with Brown & Brown/Preferred Government Insurance Trust (PGIT)
<br />as the City's provider for the Commercial Package Policy and Workers Compensation, and
<br />miscellaneous insurances, for a one-year period of October 1, 2016, through September 30,
<br />2017, in an amount not to exceed $1,000,000.00; and
<br />WHEREAS, on March 16th, 2017, via Resolution No. 2017-2670, the City Commission
<br />approved an increase in spending authority for additional insurance coverage with Brown &
<br />Brown/Preferred Government Insurance Trust (PGIT), in an amount not to exceed $150,000.00;
<br />and
<br />WHEREAS, on September 21St, 2017, via Resolution No. 2017-2720, the City Commission
<br />approved an Agreement with Brown & Brown/Preferred Government Insurance Trust (PGIT) as
<br />the City's provider for the Commercial Package Policy and Workers Compensation, and
<br />miscellaneous insurances, for a one-year period of October 1, 2017, through September 30,
<br />2018, in an amount not to exceed $1,350,744.75, which included a contingency amount of
<br />$200,000.00; and
<br />WHEREAS, on September 20th, 2018, via Resolution No. 2018-2853, the City Commission
<br />approved an Agreement with Brown & Brown/Preferred Government Insurance Trust (PGIT) as
<br />the City's provider for the Commercial Package Policy and Workers Compensation, and
<br />miscellaneous insurances, for a one-year period of October 1, 2018, through September 30,
<br />2019, in an amount not to exceed $1,500,000.00; and
<br />WHEREAS, on September 19th, 2019, via Resolution No. 2019-2974, the City Commission
<br />approved an Agreement with Brown & Brown/Preferred Government Insurance Trust (PGIT) as
<br />the City's provider for the Commercial Package Policy and Workers Compensation, and
<br />miscellaneous insurances, for a one-year period of October 1, 2019, through September 30,
<br />2020, in an amount not to exceed $1,500,000.00; and
<br />WHEREAS, on September 17th, 2020, via Resolution No. 2020-3092, the City Commission
<br />approved an Agreement with Brown & Brown/Preferred Government Insurance Trust (PGIT) as
<br />the City's provider for the Commercial Package Policy and Workers Compensation, and
<br />@13CL@FC0A2F23.Doc Page 1 of 3
<br />201
<br />
|