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<br />RESOLUTION NO. 2006- ..iSQ <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 PROPERTY, <br />CASUALTY, AUTO, AND WORKERS' COMPENSATION <br />INSURANCE WITH THE PREFERRED GOVERNMENT <br />INSURANCE TRUST (PGIT), IN THE AMOUNT OF EIGHT <br />HUNDRED SEVENTY-THREE THOUSAND FOUR <br />HUNDRED FORTY-FOUR DOLLARS ($873,444.00), AS <br />OUTLINED IN EXHIBIT "A"; AUTHORIZING THE CITY <br />MANAGER TO DO ALL THINGS NECESSARY TO <br />EFFECTUATE THIS RESOLUTION; PROVIDING FOR AN <br />EFFECTIVE DATE. <br /> <br />WHEREAS, the City of Sunny Isles Beach wishes to renew the City's Property, <br />Casualty, Auto, and Workers' Compensation Insurance with the Preferred Government Insurance <br />Trust (PGlT); and <br /> <br />WHEREAS, the City's Insurance Broker, Brown & Brown Insurance, Inc. has provided <br />a Proposal by Preferred Governmental Insurance Trust (PGlT), with the renewal premium for the <br />Commercial Package Policy (Property, Casualty, Auto) in the amount of Five Hundred Sixty- <br />Nine Two Hundred Seventy-Three Dollars ($569,273.00), and the renewal premium for <br />Workers' Compensation in the amount of Three Hundred Four Thousand One Hundred Seventy- <br />One Dollars ($304,171.00), for a total amount of Eight Hundred Seventy-Three Thousand Four <br />Hundred Forty-Four Dollars ($873,444.00.00), 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 Renewal. The City Commission hereby approves the renewal of the <br />City's Property, Casualty, Auto, and Workers' Compensation Insurance with the Preferred <br />Government Insurance Trust (PGlT) through the City's Insurance Broker, Brown & Brown <br />Insurance, Inc., in the total amount of $873,444.00, as outlined in Exhibit "A", attached hereto. <br /> <br />Section 2. Authority of Citv 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 28th day of September 2006. <br /> <br /> <br />Rl006. Renewal of Insurance wlPGIT <br /> <br />Page I of2 <br />