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<br />RESOLUTION NO. 2009- m2.. <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 />CASUAL TY, AND AUTO INSURANCE WITH THE <br />PREFERRED GOVERNMENT INSURANCE TRUST <br />(PGIT), FOR THE POLICY PERIOD OF OCTOBER 1,2009 <br />THROUGH SEPTEMBER 30, 2010, IN THE AMOUNT OF <br />FOUR HUNDRED NINETY-FOUR THOUSAND ONE <br />HUNDRED EIGHTY-EIGHT DOLLARS ($494,188.00), 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 two 12-month periods which <br />in effect locks in the City's premium for the next two years; 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 policy period of <br />October 1,2009 through September 30,2010, with the renewal premium in the amount of Four <br />Hundred Ninety-Four Thousand One Hundred Eighty-Eight Dollars ($494,188.00), as outlined in <br />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, and Auto Insurance with the Preferred Government Insurance Trust <br />(PGIT) through the City's Insurance Broker, Brown & Brown Insurance, Inc., in the policy <br />period of October 1,2009 through September 30, 2010, in the amount of Four Hundred Ninety- <br />Four Thousand One Hundred Eighty-Eight Dollars ($494,188.00), as outlined in Exhibit "A", <br />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 1 ih day of September 2009. <br /> <br />R2009-lnsurance Renewal Pgit (Property, Casualty, Auto) Page I of2 <br />