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RESOLUTION NO. 2009- J.j.1l <br /> <br />A RESOLUTION OF THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, APPROVING <br />THE RENEWAL OF THE CITY'S WORKERS' <br />COMPENSATION INSURANCE WITH THE FLORIDA <br />MUNICIPAL INSURANCE TRUST (FMIT), FOR THE <br />PERIOD OF OCTOBER 1, 2009 THROUGH SEPTEMBER <br />30, 2010, IN THE AMOUNT OF ONE HUNDRED THIRTY- <br />FOUR THOUSAND NINE HUNDRED THIRTY-TWO <br />DOLLARS ($134,932.00), AS OUTLINED IN EXHIBIT "A"; <br />AUTHORIZING THE CITY MANAGER TO DO ALL <br />THINGS NECESSARY TO EFFECTUATE THIS <br />RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. <br /> <br />WHEREAS, the City of Sunny Isles Beach wishes to renew the City's Workers' <br />Compensation Insurance; and <br /> <br />WHEREAS, due to the City's excellent claims history and an overall rate decrease of <br />1.2% for the upcoming year, the Florida Municipal Insurance Trust (FMIT) quoted a price of <br />$134,932.00 which is $1,623.00 lower than last year's renewal premium of$136,555.00; and <br /> <br />WHEREAS, FMIT is sponsored and administered by the Florida League of Cities, and is <br />a premier insurance organization for public entities and is a non-assessable trust approved by the <br />Florida State Legislature; and <br /> <br />WHEREAS, the Florida Municipal Insurance Trust (FMIT) has submitted a proposal for <br />renewal of Workers' Compensation Insurance, in the amount of One Hundred Thirty-Four <br />Thousand Nine Hundred Thirty-Two Dollars ($134,932.00), for the period of October 1, 2009 <br />through September 30, 2010, as outlined in Exhibit "A", attached hereto. <br /> <br />NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE <br />CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: <br /> <br />Section 1. Approval of Agreement. The City Commission hereby approves the agreement <br />with the Florida Municipal Insurance Trust (FMIT) for the City's Workers' Compensation <br />Insurance, in the amount of One Hundred Thirty-Four Thousand Nine Hundred Thirty-Two <br />Dollars ($134,932.00), for the period of October 1, 2009 through September 30, 2010, as <br />outlined in Exhibit "A", attached hereto. <br /> <br />Section 2. Authority of City Manager. The City Manager is hereby authorized to do all <br />things necessary to effectuate this Resolution. <br /> <br />Section 3. <br /> <br />Effective Date. This Resolution shall become effective upon adoption. <br /> <br />PASSED AND ADOPTED this 17th day of September 2009. <br /> <br />R2009- Fla Municipal Ins Trust (Fmit) Workers Comp InsurancePage 1 of2 <br />