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<br />Preview <br /> <br />Page 1 of2 <br /> <br /> <br />City of Sunny Isles Beach <br />18070 Collins Avenue <br />Sunny Isles Beach, Florida 33160 <br /> <br />(305) 947-0606 City Hall <br />(305) 949-3113 Fax <br /> <br />MEMORANDUM <br /> <br />TO: <br /> <br />The Honorable Mayor and City Commission <br /> <br />FROM: <br /> <br />Priscilla Walker, Assistant to the City Manager/Human Resources <br /> <br />DATE: <br /> <br />7/21/2011 <br /> <br />RE: <br /> <br />Amendment to the City's Commercial Package Policy (Property, <br />Liability, Auto and Workers Compensation) Insurance Coverage, <br />Provided by Preferred Governmental Insurance Trust (PGIT) <br /> <br />RECOMMENDATION: <br /> <br />It is recommended that the City Commission adopt the attached Resolution <br />recommending an amendment to the City's Commercial Package Policy (Property, <br />Liability, Auto and Workers Compensation) Insurance Coverage, provided by Preferred <br />Governmental Insurance Trust (PGIT) and a Budget Amendment, in the amount of <br />$44,081.00. <br /> <br />REASONS: <br /> <br />In September 2010, the City Commission approved an Agreement with Preferred <br />Governmental Insurance Trust (PGIT) for Property, Liability, Auto and Workers <br />Compensation Insurance Coverage. Since that time, the City has acquired additional <br />property, equipment, and related items. The most notable of these additional items is <br />Heritage Park. This Park project came to fruition in July and the policy must be amended <br />to reflect coverage. <br /> <br />Items are listed in specificity as the attachments to the Resolution. <br /> <br />ADDITIONAL INFORMATION: <br /> <br />This additional insurance will run concurrent with the existing policy. Upon renewal, we <br />will be sure to include these additional items. <br /> <br />FUNDING SOURCE: <br /> <br />This item requires an amendemt to budget line item number 10-518-5458, in the amount <br />of $44,081.00. <br /> <br />http://sibagenda.sibfl.net/agendalPreview.aspx?ItemID=541 &MeetingID=O&MeetingDate... 7/15/2011 <br />