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Home My WebLink AboutReso 2011-1740 RESOLUTION NO. 2011- llli.D A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, RAFTIFYING AMENDING THE CITY'S COMMERCIAL PACKAGE POLICY INSURANCE COVERAGE PROVIDED BY PREFERRED GOVERNMENT INSURANCE TRUST (PGIT) FOR ADDITIONAL COVERAGE OF CITY PROPERTY INCLUDING HERITAGE PARK, IN AN AMOUNT NOT TO EXCEED FORTY -FOUR THOUSAND EIGHTY-ONE DOLLARS ($44,081.00), AS OUTLINED IN EXHIBIT "A"; APPROVING A BUDGET AMENDMENT TO FISCAL YEAR 2010-2011; AUTHORIZING THE CITY MANAGER TO DO ALL THINGS NECESSARY TO EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS, the City of Sunny Isles Beach was in need of Property, Casualty, Auto, and Workers' Compensation Insurance; and WHEREAS, on September 16, 2010 via Resolution No. 2010-1602, the City Commission approved an Agreement with Preferred Governmental Insurance Trust (PGIT), with the renewal premium for the Commercial Package Policy (Property, Casualty, Auto) in the amount of Four Hundred Twenty-One Thousand One Hundred Seven Dollars ($421,107.00), and the premium for Workers' Compensation in the amount of Ninety-Nine Thousand Nine Hundred Eight Dollars ($99,908.00), for a total amount of Five Hundred Twenty-One Thousand Fifteen Dollars ($521,015.00), for a one-year period of October 1,2010 through September 30,2011; and WHEREAS, the City is now in need of additional insurance coverage for newly acquired property, equipment, and related items, most notably the Heritage Park; and WHEREAS, the City's Insurance Broker, Brown & Brown Insurance, Inc. has provided a proposal by Preferred Governmental Insurance Trust (PGIT), with the additional premium for the additional coverage in the amount of Forty-Four Thousand Eighty-One Dollars ($44,081.00), for a total amount of Five Hundred Sixty-Five Thousand Ninety-Six Dollars ($565,096.00), effective through September 30, 2011, as outlined in Exhibit "A", attached hereto; and WHEREAS, the City Commission has directed staff to provide for new and/or additional goods and services that were not contemplated in the approved Fiscal Year 2010/2011 Budget; and WHEREAS, the implementation of these new and/or additional goods and services requires certain budget amendments to the Fiscal Year 2010/2011 Budget. WHEREAS, the City of Sunny Isles Beach wishes to amend the Agreement with Preferred Government Insurance Trust (PGIT) for the additional coverage, in an amount not to exceed Forty-Four Thousand Eighty-One Dollars ($44,081.00). R2011- Pgit Insurance Amend Agmt (Property, Casualty, Auto, Workers Comp) Page 1 of2 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS: Section 1. Ratifying Amending the Agreement. The City Commission hereby ratifies amending the City's Commercial Package Policy Insurance Coverage provided by Preferred Government Insurance Trust (PGIT) for additional coverage of City Property through September 30,2011, in the amount of Forty-Four Thousand Eighty-One Dollars ($44,081.00), as outlined in Exhibit "A", attached hereto. Section 2. Approval of Budget Amendment. The City Commission hereby approves Budget Amendment for Fiscal Year 2010/2011 adopted budget for the following Amendment: General Fund: This amendment consists of moving $19,081.00 from the General Fund-Human Resources Regular Salary and $25,000.00 from General Fund - Contingency Account to the Property Damage Premium Fund Account 10-518-5458. Section 3. Authorization of City Manager. The City Manager is hereby authorized to do all other things necessary to effectuate this Resolution. Section 4. Effective Date. This Resolution shall become effective upon adoption. PASSED AND ADOPTED this 21 st day of July 2011. AT'~-T:, . ~A:-~ Jane A. Hines, CMC, City Clerk . . ; ~ ~ .. . j'~ APPROVED AS TO FORM AND L A UFFICIENCY Vote: 5-0 Mayor Norman S. Edelcup Vice Mayor Lewis Thaler Commissioner Isaac Aelion Commissioner Jeanette Gatto Commissioner George "Bud" Scholl Moved by: C€>~~~O\J- Seconded by: \(lU n~y- -r~V\-L..ct:..R.. ~(Yes) _(No) V (Yes) _(No) --.IL:(Yes) _(No) u~(Xes) _(No) ~(Yes) _(No) R2011- Pgit Insurance Amend Agmt (Property, Casualty. Auto, Workers Comp) Page 2 of2 ~ z ~~ ~z ~~ z~ ~~ ~~ ~~ ~z ~~ ~~ ~ ~ ~E-c ~~ ~~ ~s -<~ ~ 00 -< ~ u ~ ~ ~ 00 -< ~ u z ~ E-cE-c z~ ~g ~~ u~ ~E-c -<~ ~~ ~~ ~~ o~ ~ ~ .~ t)~ U~ -<z ~ ~ -< z ~ u u -< 00 ~ ~ z ~ ;;.. ~ o 00 If'l ~ ~ N ~ N o o o 00 lfl M M N~ 00 N lrl ....-< 00 ~ ~ Z ~ > ~ ~ Z ~ ~ ....;l ~ ~ Z ~ I-' ....;l < ~ o ~ ....-<0\0\0 OON \0 ON..... '<:t~ 0:: ~ t"-lrl 0'1 N ~ = ~ 0....-< 0....-< 00000 000 0:: lrl~ ..,;: ....-<N'<:t ....-< 00 o ..,;: '<:t 0....-< 00 o '<:t~ '<:t 000\0 o ....-< 0 \0 OM 0....-< 600 or) 0\ Mt"-NO\ N M o M 0000 o....-<o'<:t OMOOO o~ oo~ o~ 6 Mt"-OO N'<:tOO t"- N 00 ~ ~ E-c ~ ~ Z ~ ~ ~ ~ ~ ""@ 00 a a .~ ~ v V I-< ~ 0... en v v bJ) U CI:S I-< a ;:j CI:S ~ Cl v ;>-.~ t:: ~ & a o ;:j d:::::r:: 00 0 0 lrlNO\ '<:t....-<O\ lrl lrl lrl I I I M 00 0 M""-< 0 lrl lrl 00 I I I 000 ....-< ....-< ....-< 00 ~ ~ ~ .... ~ z ~ ~ ~ ~ z ~ ~ ....;l ~ ~ ;>-.z U ~ ~ I..:l gf....;l '.;j < ~ ~ o 0 u~ GOVeRNMENTAL INSURANCE TRUST Endorsement Invoice Brown & Brown, Inc. 14900 NW 79th Court, Suite 200 Miami Lakes, FL 33016 Properly / Liability City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, FL 33160 Agreement # PK FL 1 0132026 10-08 04/21/2011 I ! 10/0112010 10/01/2011 I Thank You ~___________________----"le~..:..~~..:'2_~d re~~ with ~~~:_~!_________________________ Client: City of Sunny Isles Beach Due Upon Receipt (!t~pr~ln ~l~lnY~r~~g~t~1t~ .1~y~~~~~~Wl*~~f&{)~*~i!~~9n~Jj~~1iR~-~~~~*~1fJ~;~.;ti~~~:~I~~~~~~.t~I? w~Tt~m9gjji~t:~~l~~~ 32244 04/21/201 1 Agreement # PK FL1 01 32026 1 0-08 (10/011201 0 through 1 0/011201 1 ) Per Attached Endorsement Premium $33,290.00 ~;;,{,Q~tZ~~~.~0tfi~~4!:;: $33,290.00 Make Check Payable to Preferred Governmental Insurance Trust (PGIT) Administered by Public Risk Underwriters of FL, Inc. P.O. Box 958455, Lake Mary, FL 32795-8455 Phone (321) 832-1456 Fax (321) 832-1489 Printed on Date. 0412112011 Preferred Governmental Insurance Trust Coverage Agreement Endorsement Endorsement No.: 5 Member: City of Sunny Isles Beach Effective Date: See Below Agreement No.: PK FL1 013202610-08 Coverage Period: 10/01/2010 to 10/01/2011 In consideration of a total additional premium of $33,290.00, the Coverage Agreement is amended as follows: Effective 10/01(10 ProDertv-lnland Marine Fine Arts Chanaed #016: Butterfly Sculpture - Limit Is increased from $3,500 to $20,000 Revised Inland Marine TIV Total: $3,184.556 Effective 01/26/11 ProDertv Chanaed Location 013: Parking Garage, 19200 Collins Ave., Sunny Isles Beach, FL. 33160 (Miami-Dade) Building Value is increased from: $750,000 to $7,500,000 Contents Value remains unchanged ($0.00) Revised TIV Buildings: $ 32,341,150 Contents: $ 1.265.000 Total: $ 33,606,150 Subject otherwise to the terms, conditions and exclusions of the coverage agreement. .. Issued: 04/2112011 Authorized by: ~ ~ & IV - GOV~RNMENTAL IN~URANn TRUST Endorsement Invoice Brown & Brown, Inc. 14900 NW 79th Court, Suite 200 Miami Lakes. FL 33016 Property / Liability City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, FL 33160 Agreement # PK FL 1 0132026 10-08 05/31/2011 ! 10/01/2010 10/0112011 I $10,715.00 Due Upon Receipt Thank You .J;-_____________________.!:~:~:_~:!~_:h and r:!~ wi!~~~!!!:~~______________________________ Client City of Sunny Isles Beach rft1!f;i!~~~~ ~~t4Ijjx:~If~[Q~~~t~ ~~~~1tit~t~fJ;~~~~1~~~~f~~t:~!tijD~(iWJp!(i~~:~~:fjP1f9b;i~?~f~4?i~tl~r~~~1~~;td~~:~1~~. t~~.~~~~~;~~g~t~~;,%~.~!~;~ 32345 05/31/201 1 Agreement # PK FL1 0132026 1 0-08 (1 0/01/2010 through 1 0/01/201 1) Per Attached Endorsement Premium $1 0,715.00 ]~~~~~;tf'\!J~~~~t~ $1 0,71 5.00 Make Check Payable to Preferred Governmental Insurance Trust (PGIT) Administered by Public Risk Underwriters of FL, Inc. P.O. Box 958455, Lake Mary, FL 32795-8455 Phone (321) 832-1456 Fax (321) 832-1489 Printed on Date - 0513112011 Preferred Governmental Insurance Trust Coverage Agreement Endorsement Endorsement No.: 7 Member: City of Sunny Isles Beach Effective Date: 05/13/2011 Agreement No.: PK FL 1 0132026 10-08 Coverage Period: 10/01/2010 to 10/01/2011 In consideration of an additional premium of $10,715.00, the Coverage Agreement is amended as follows: ProDertv Added Location 017: Heritage Park - Playground - 19200 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami- Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type JM, Protection Class 4. Building Value: $267,000 Contents Value: $0.00 Location 018: Heritage Park - Pavilion - 19200 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N1A; N/A Sq. Ft.; Construction Type MNC, Protection Class 4. Building Value: $75,000 Contents Value: $0.00 Location 019: Heritage Park - Interactive Water Feature - 19200 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built N1A; N/A Sq. Ft.; Construction Type Pump/Lift Station, Protection Class 4. Building Value: $175,000 Contents Value: $0.00 Location 020: Golden Shore Community Park - Playground Equipment - 191 Terrace & Atlantic Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: NJA; N/A Sq. Ft.; Construction Type JM, Protection Class 4. Building Value: $67,000 Contents Value: $0.00 Location 021: Golden Shore Community Park - Aluminum Fence -191 Terrace & Atlantic Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built N/A; NlA Sq. Ft.; Construction Type JM, Protection Class 4. Building Value: $5,300 Contents Value: $0.00 Location 022: Senator Gwen Margolis Park - Bathroom Building - 17815 N. Bay Road, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type MNC, Protection Class 4. Building Value: $100,000 Contents Value: $0.00 Location 023: Senator Gwen Margolis Park - Shade Structure - 17815 N. Bay Road, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type NC, Protection Class 4. Building Value: $65,000 Contents Value: $0.00 Location 024: Senator Gwen Margolis Park - Playground Equipment - 17815 N. Bay Road, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type JM, Protection Class 4. Building Value: $75,000 Contents Value: $0.00 Preferred Governmental Insurance Trust Coverage Agreement Endorsement Endorsement No.: 7 Member: City of Sunny Isles Beach Effective Date: 05/13/2011 Agreement No.: PK FL 1 0132026 10-0B Location 025: Samson Oceanfront Park - Shade Structure - 17425 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type JM, Protection Class 4. Building Value: $35,000 Contents Value: $0.00 Location 026: Samson Oceanfront Park - Playground Equipment -17425 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N/A; N/ASq. Ft.; Construction Type JM, Protection Class 4. Building Value: $55,000 Contents Value: $0.00 Location 027: Town Center Park - Bathroom Building -17200 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: NlA; N/A Sq. Ft.; Construction Type MNC, Protection Class 4. Building Value: $65,000 Contents Value: $0.00 Location 028: Town Center Park - Shade Structure -17200 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type NC, Protection Class 4. Building Value: $60,000 Contents Value: $0.00 Location 029: Town Center Park - Fence -17200 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami- Dade). Yr Built: N/A; N/A Sq. Ft.; Construction Type NC, Protection Class 4. Building Value: $40,000 Contents Value: $0.00 Location 030: Town Center Park - Skate Park - 17200 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami -Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type JM, Protection Class 4. Building Value: $95,000 Contents Value: $0.00 Location 031: Bella Vista Bay Park - Dock - 500 Sunny Isles Blvd., Sunny Isles Beach, FL. 33160 (Miami- Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type Waterfront Structures, Protection Class 4. Building Value: $115,000 Contents Value: $0.00 Location 032: Pelican Community Park - Shade Structure - 18115 N. Bay Road, Sunny Isles Beach, FL. 33160 (Miami-Dade) . Yr Built: N/A; N/A Sq. Ft.; Construction Type NC, Protection Class 4. Building Value: $45,000 Contents Value: $0.00 Endorsement No.: 7 Member: City of Sunny Isles Beach Preferred Governmental Insurance Trust Coverage Agreement Endorsement Effective Date: 05/13/2011 Agreement No.: PK FL1 013202610-08 Location 033: Lifeguard Towers/Sunny Isles Beach. 5 @$30,OOO -17200 Collins Avenue, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type NC, Protection Class 4. Building Value: $150,000 Contents Value: $0.00 Location 034: Parking Meters - Various locatIons - 6 @$10,000 ,Sunny Isles Beach, FL. 33160 (Miami- Dade) Yr Built: N/A; N1A Sq. Ft.; Construction Type NC, Protection Class 4. Building Value: $60,000 Contents Value: $0.00 Location 035: Public Works Compound - 8 Trailers @$4,500 each, Tools & Equipment @$4,500 each - Lehman Causeway with access off of Collins Avenue, Sunny Isles Beach, FL. 33160 (Miaml-D,ade) Yr Built: N/A; N/A Sq. Ft.; Construction Type MNC, Protection Class 4. Building Value: $36,000 Contents Value: $36,000 Location 036: 33 Decorative Light Poles at Atlantic Isles - Atlantic Isles, Sunny Isles Beach, FL. 33160 (Miami-Dade) Yr Built: N/A; N/A Sq. Ft.; Construction Type MNC, Protection Class 4. Building Value: $66,000 Contents Value: $0.00 Revised TIV Sulldln'gs: -'$' 33,992,450 Contents: $ 1,301.000 Total: $ 35,293,450 Subject otherwise to the tenns, conditions and exclusions of the coverage agreement. . Issued: 05/31/2011 Authorized by: l,j~ e~ - - Endorsement Invoice Brown & Brown, Inc. 14900 NW 79th Court, Suite 200 Miami Lakes, FL 33016 Property / Liability Agreement # PK FL1 0132026 10-08 04/28/2011 110/0112010 10/01/2011 City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, FL 33160 $76.00 Due Upon Receipt Thank You .J.-_______________________~~~!'!_~:~_:~~!l..~~!~~_~!~p~ymen!_________________________.______ Client: City of Sunny Isles Beach 1,!lv9_~~t;fl~: t4qH"@i~~QAAe}.fi~~ ~~i~J:t~~~~~~~;.~~iRftt~J~~~;}!~~p~~~,9!i~;~~~:~1f~9ijtj~.ROCr;~~~~i~}~;~~~}~~~J~~;f;\*~::? 0';;,}~~~fA'mq4pt;;',\t;:~tf 32261 04/28/201 1 Agreement # PK FL1 0132026 1 0-08 (1 0/01/201 0 through 1 0/01/201 1 ) Per Attached Endorsement Premium $76.00 .. -, :.G~~~t~1}[.~I~~!i~~~;i?i~4~ $76.00 Make Check Payable to Preferred Governmental Insurance Trust (PGIT) Administered by Public Risk Underwriters of FL, Inc. . P.O. Box 958455, Lake Mary, FL 32795-8455 Phone (321) 832-1456, Fax (321) 832-1489 Printed on Date. 0412812011 Preferred Governmental Insurance Trust Coverage Agreement Endorsement Endorsement No.: 6 Member: City of Sunny Isles Beach Effective Date: 04/01/2011 Agreement No.: PK FL 1 0132026 10-08 Coverage Period: 10/0112010 to 10/01/2011 In consideration of an additional premium of $76.00, the Coverage Agreement is amended as follows: Prooertv- Inland Marine Communication Equioment Added #026: 2011 Yamaha Jetski, Model FY1800K, Serial#YAMA3673B111, Value $12,000 #027: 2011 Yamaha Jetski, Model FY1800K, Serial#Y AMA36798111 , Value $12,000 Revised Inland Marine TIV Total: $3,208,556 Subject otherwise to the tenns, conditions and exclusions of the coverage agreement. . Issued: 04/28/2011 Authorized by: IAJ~ &~ - Preview Page 1 of2 City of Sunny Isles Beach 18070 Collins Avenue Sunny Isles Beach, Florida 33160 (305) 947-0606 City Hall (305) 949-3113 Fax MEMORANDUM TO: The Honorable Mayor and City Commission FROM: Priscilla Walker, Assistant to the City Manager/Human Resources DATE: 7/21/2011 RE: Amendment to the City's Commercial Package Policy (Property, Liability, Auto and Workers Compensation) Insurance Coverage, Provided by Preferred Governmental Insurance Trust (PGIT) RECOMMENDATION: It is recommended that the City Commission adopt the attached Resolution recommending an amendment to the City's Commercial Package Policy (Property, Liability, Auto and Workers Compensation) Insurance Coverage, provided by Preferred Governmental Insurance Trust (PGIT) and a Budget Amendment, in the amount of $44,081.00. REASONS: In September 2010, the City Commission approved an Agreement with Preferred Governmental Insurance Trust (PGIT) for Property, Liability, Auto and Workers Compensation Insurance Coverage. Since that time, the City has acquired additional property, equipment, and related items. The most notable of these additional items is Heritage Park. This Park project came to fruition in July and the policy must be amended to reflect coverage. Items are listed in specificity as the attachments to the Resolution. ADDITIONAL INFORMATION: This additional insurance will run concurrent with the existing policy. Upon renewal, we will be sure to include these additional items. FUNDING SOURCE: This item requires an amendemt to budget line item number 10-518-5458, in the amount of $44,081.00. http://sibagenda.sibfl.net/agendalPreview.aspx?ItemID=541 &MeetingID=O&MeetingDate... 7/15/2011 Preview Page 2 of2 ATTACHMENTS: . Resolution . Budget Amendment . Endorsements http://sibagenda.sibfl.netlagendalPreview.aspx?ItemID=541 &MeetingID=O&MeetingDate... 7/15/2011