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RESOLUTION NO. 2013- 2,0e
<br /> A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
<br /> SUNNY ISLES BEACH, FLORIDA, APPROVING THE RENEWAL
<br /> OF THE COMMERCIAL PACKAGE POLICY (PROPERTY,
<br /> LIABILITY, AUTOMOBILE), WORKERS COMPENSATION,
<br /> AND MISCELLANEOUS INSURANCES WITH BROWN &
<br /> BROWN / PREFERRED GOVERNMENT INSURANCE TRUST
<br /> (PGIT) FOR THE PERIOD OF OCTOBER 1, 2013 THROUGH
<br /> SEPTEMBER 30, 2014, IN AN AMOUNT NOT TO EXCEED
<br /> EIGHT HUNDRED SIXTY-FIVE THOUSAND NINE HUNDRED
<br /> FIFTY DOLLARS ($865,950.00), AS OUTLINED IN EXHIBIT "A";
<br /> AUTHORIZING THE CITY MANAGER TO DO ALL THINGS
<br /> NECESSARY TO EFFECTUATE THIS RESOLUTION;
<br /> PROVIDING FOR AN EFFECTIVE DATE.
<br /> WHEREAS, on September 20, 2012 via Resolution No. 2012-1958, the City
<br /> Commission entered into an Agreement with Brown & Brown/Preferred Government Insurance
<br /> Trust (PGIT) as the City's provider for the Package Policy and Workers Compensation, and
<br /> miscellaneous insurances, for a one-year period of October 1, 2012 through September 30, 2013,
<br /> in the total amount of Seven Hundred Twenty-One Thousand Seven Hundred Eighty-Three
<br /> Dollars ($721,783.00); and
<br /> WHEREAS, on June 20, 2013 via Resolution No. 2013-2071 the City Commission
<br /> approved additional insurance coverage to include the necessary insurance coverage related to
<br /> capital projects, inadequate coverage, and increases due to an insurance company audit, in an
<br /> amount not to exceed Seventy-Five Thousand Seven Hundred Dollars ($75,700.00), for a total
<br /> amount not to exceed of Seven Hundred Ninety-Seven Thousand Four Hundred Eighty-Three
<br /> Dollars ($797,483.00) to protect the City from liabilities, catastrophes, and other issues that may
<br /> arise over the one-year period of October 1, 2012 through September 30, 2013; and
<br /> WHEREAS, the City has the option to exercise four (4) one-year renewals after the
<br /> initial term; and
<br /> WHEREAS, the City of Sunny Isles Beach is in need of various insurance coverage to
<br /> protect it from liabilities, catastrophes, and other issues that may arise for a one-year period of
<br /> October 1, 2013 through September 30, 2014; and
<br /> WHEREAS, staff recommends acceptance of the Brown & Brown/Preferred
<br /> Governmental Insurance Trust (PGIT) proposal for the Commercial Package Policy and Workers
<br /> Compensation, and miscellaneous insurances, in an amount not to exceed Eight Hundred Sixty-
<br /> Five Thousand Nine Hundred Fifty Dollars ($865,950.00) for a one-year period of October 1,
<br /> 2013 through September 30, 2014, attached hereto as Exhibit "A".
<br /> NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
<br /> CITY OF SUNNY ISLES BEACH, FLORIDA, AS FOLLOWS:
<br /> R2013-Pgit Insurance Renew(Property,Casualty,Auto,Workers Comp) Page I of 2
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