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<br />RESOLUTION NO. 2008- 12 8 l/ <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, AND AUTO INSURANCE WITH THE <br />PREFERRED GOVERNMENT INSURANCE TRUST <br />(PGIT), FOR THE REVISED POLICY PERIOD OF JULY 1, <br />2008 THROUGH SEPTEMBER 30, 2009, IN THE AMOUNT <br />OF FIVE HUNDRED EIGHTY -TWO THOUSAND NINE <br />HUNDRED TWENTY -FOUR DOLLARS ($582,924.00), 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, and Auto Insurance with the Preferred Government Insurance 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), for a 15-month package policy <br />which allows the City to take advantage of a recent reduction in property insurance rates; and <br /> <br />WHEREAS, the City wishes to renew its Commercial Package Policy (Property, <br />Casualty, Auto) with Preferred Governmental Insurance Trust (PGIT), in the revised policy <br />period of July 1, 2008 through September 30, 2009, with the renewal premium in the amount of <br />Five Hundred Eighty-Two Thousand Nine Hundred Twenty-Four Dollars ($582,924.00), as <br />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 I. Approval of Renewal. The City Commission hereby approves the renewal of the <br />City's Property, Casualty, and Auto Insurance with the Preferred Government Insurance Trust <br />(PGIT) through the City's Insurance Broker, Brown & Brown Insurance, Inc., in the revised <br />policy period of July I, 2008 through September 30, 2009, in the amount of Five Hundred <br />Eighty-Two Thousand Nine Hundred Twenty-Four Dollars ($582,924.00), as outlined in Exhibit <br />"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 19t1l day of June 2008. <br /> <br />R2008. Insurance Renewal Pgit (Property, Casualty, Auto) Page I of2 <br />