HomeMy WebLinkAboutR-2013-115 Authorized the Purchase of Flood Insurance from American Bankers Insurance Co. of Florida & Wright National Flood Insurance Co. for a combined amount not to exceed $41,938.00 RESOLUTION NO. 2013-115
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING THE PROPER CITY OFFICIALS TO
PURCHASE FLOOD INSURANCE FROM AMERICAN BANKERS
INSURANCE COMPANY OF FLORIDA IN THE AMOUNT OF $8,849.00
AND FROM WRIGHT NATIONAL FLOOD INSURANCE COMPANY IN
THE AMOUNT OF $27,276.00, AND PROVIDING AN ADDED FUNDING
APPROPRIATION OF $5,721.00 FOR POSSIBLE ADDED COVERAGE
COSTS FOR POSSIBLE CITY PROPERTY ADDITIONS DURING THE
FISCAL YEAR, FOR A COMBINED TOTAL AMOUNT NOT TO EXCEED
$41,938.00, FOR THE PERIOD EXTENDING FROM OCTOBER 1, 2013
THROUGH SEPTEMBER 30, 2014; PROVIDING FOR CONFLICTS;
FURTHER, PROVIDING FOR AN EFFECTIVE DATE.
BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DANIA
BEACH,FLORIDA:
Section 1. That the proper City officials are authorized to purchase flood insurance
from American Bankers Insurance Company of Florida in the amount of $8,849.00 and from
Wright National Flood Insurance Company in the amount of$27,276.00, for a combined total of
$36,125.00, for the period extending from October 1, 2013 through September 30, 2014 (due to
fluctuation in insurance costs, there is a differential of $5,721.00 added into the total possible
cost of the insurance from the two companies, in order to supplement the flood insurance costs, if
and when the City acquires additional real property within the year).
Section 2. The funds to purchase the flood insurance for the fiscal year beginning
October 1, 2013 from American Bankers Insurance Company of Florida and from Wright
National Flood Insurance Company were appropriated and are available in General Fund,
General Services—Insurance Coverage account No. 001-18-00-519-45-10.
Section 3. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 4. That this Resolution shall become effective immediately upon its passage
and adoption.
PASSED AND ADOPTED on September 24, 2013.
ATTEST:
LOUISE STILSON, CMC WALT19R B. DUKE, III
CITY CLERK MAYOR
APPROVED AS TO FO ZM CORRECTNESS: Q,�a.RD"s F�Qss�c
THOMAS i. SRO
CITY ATTORNEY ,
A'FEO 1g"
2 RESOLUTION#2013-115