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<br />RESOLUTION NO. 2007- ~ <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 NINE <br />HUNDRED THIRTY-FOUR THOUSAND SIX HUNDRED <br />FIFTY-SEVEN DOLLARS ($934,657.00), AS OUTLINED IN <br />EXHIBIT "A"; AUTHORIZING THE CITY MANAGER TO <br />DO ALL 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 Property, <br />Casualty, Auto, and Workers' Compensation Insurance with the Preferred Government Insurance <br />Trust (PGIT); and <br /> <br />WHEREAS, the City's Insurance Broker, Brown & Brown Insurance, Inc. has provided <br />a Proposal by Preferred Governmental Insurance Trust (PGIT), with the renewal premium for the <br />Commercial Package Policy (Property, Casualty, Auto) in the amount of Six Hundred Fifty-Five <br />Thousand Two Hundred Ninety-Two Dollars ($655,292.00), and the renewal premium for <br />Workers' Compensation in the amount of Two Hundred Seventy-Nine Thousand Three Hundred <br />Sixty-Five Dollars ($279,365.00), for a total amount of Nine Hundred Thirty-Four Thousand Six <br />Hundred Fifty-Seven Dollars ($934,657.00), 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 (PGIT) through the City's Insurance Broker, Brown & Brown <br />Insurance, Inc., in the total amount of $934,657.00, as 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 18th day of October 2007. <br /> <br /> <br />R2007- Insurance Renewal W-Preferred Govt (Casualty, Auto, Workers Comp <br /> <br />Page I of2 <br />