HomeMy WebLinkAboutR-2023-107 Renewal of Comprehensive Property & Casualty Insurance ProgramRESOLUTION NO. 2023- d'
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING THE RENEWAL OF THE
COMPREHENSIVE PROPERTY & CASUALTY INSURANCE PROGRAM
FOR THE CITY THROUGH RISK MANAGEMENT ASSOCIATES, INC.,
WITHOUT COMPETITIVE BIDDING AND WITHOUT ADVERTISEMENT
FOR BIDS, WHICH INSURANCE PACKAGE SHALL INCLUDE COVERAGE
FOR PROPERTY, CRIME, LIABILITY, WORKERS' COMPENSATION, AND
OTHER COVERAGES TO INCLUDE THE NATIONAL FLOOD INSURANCE
PROGRAM ("NFIP"), FOR A COMBINED ANNUAL PREMIUM AMOUNT OF
ONE MILLION, NINE HUNDRED FORTY-TWO THOUSAND FOUR
HUNDRED FORTY FIVE DOLLARS ($1,942,445.00) FOR COVERAGE
BEGINNING OCTOBER 1, 2023 THROUGH SEPTEMBER 30, 2024;
PROVIDING FOR CONFLICTS; FURTHER, PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the Dania Beach Code of Ordinances, Chapter 2, Article 1, Section 2-10,
"Monetary thresholds for certain purchases and payment disbursement authorizations", Subsection
(a), sets the monetary threshold or limitation at $50,000.00; and
WHEREAS, the City of Dania Beach (the "City") currently obtains its Comprehensive
Property & Casualty coverage (the "Coverage") through Risk Management Associates, Inc., a
wholly owned subsidiary of Brown & Brown, Inc. (`B&B"); and
WHEREAS, B&B is responsive and provides guidance to the City relating to loss control,
claims handling, risk management and liability concerns on major contractual agreements, special
events programming, construction projects, appropriate vendor insurance requirements, and bid
specifications; and
WHEREAS, the City Administration recommends that the City Commission waive
competitive bidding and authorize renewal of Coverage through Preferred Governmental
Insurance Trust (PGIT) and other associated insurers through B&B for Fiscal Year 2023-24; and
WHEREAS, upon adoption of this Resolution, the City will obtain insurance coverages
as outlined in the Breakdown of Coverage and Services, a copy of which is attached as "Exhibit
A", and is made a part of and incorporated into this Resolution by this reference, which approval
of coverage will authorize any and all premium adjustments to be made by the City Manager during
the fiscal year, as may be necessary to properly protect the City and its assets.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE
CITY OF DANIA BEACH, FLORIDA:
Section 1. That the above "Whereas" clauses are ratified and confirmed, and they are
made a part of and incorporated into this Resolution by this reference.
Section 2. That the City Commission approves the renewal of the City's
Comprehensive Property & Casualty coverage through Risk Management Associates, Inc., a
wholly owned subsidiary of Brown & Brown, Inc. ("B&B"), for FY 2023-24 for a combined
annual premium amount of One Million Nine Hundred Forty -Two Thousand Four Hundred Forty -
Five Dollars ($1,942,445.00) for coverage beginning October 1, 2023 through September 30,
2024.
Section 3. That the cost of the Coverage has increased due to changes in City's risk
exposures such as audited payrolls, vehicles, equipment, and real property inventory, is planned,
appropriated and has been made available through appropriate allocations to various City Funds
in the proposed Fiscal Year 2023-2024 budget.
Section 4. That the cost for coverage shall exceed the Fifty Thousand Dollars
($50,000) annual vendor threshold, and the City Commission hereby waives the competitive
procurement requirements relating to the renewal of its Comprehensive Property & Casualty
coverage with Preferred Governmental Insurance Trust (PGIT) and other associated insurers
through B&B for Fiscal Year 2023-24.
Section 5. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 6. That all resolutions or parts of resolutions in conflict with this Resolution
are repealed to the extent of such conflict.
Section 7. That this Resolution shall be effective 10 days after passage.
PASSED AND ADOPTED on1 , 2023.
Motion by Cc htmi1 54 Yy! , V 4 second by \,L <�_ Paj4Z Lfw-e f $ .n.
P
FINAL VOTE ON ADOPTION:
Commissioner Joyce Davis
Commissioner Tamara James
Commissioner Marco Salvino�i
f ,:
Vice Mayor Lori Lewellen
Mayor Archibald J. Ryan IV
2 RESOLUTION #2023- ru �
ATTEST:
ELORA BA, _ y C OgOd' ARCIi B D J. RYAN IV
CITY CLERK ��iSHEND MAYOR t
APPROVED AS TO FORM AND CORRECTNESS:
EVE A. BO 'TSIS
CIIYATTORNEY
RESOLUTION 42023- i 01
i
"rz
e»
Ve
vE�
F�
F
of
f
m
E
y
8
m
p
"
E
5
s.
3ieS
$8889
�
cu4
uei u4$$
$$
oSS
S8
�
9
9
qq
8
E
i e
ul
oS$$
EO
^o$o"`oe
S$$
qq
S$S$g
6.6-
m
mm
R�mme
h3�9
66.
's^z
66�'
g
u°
$OI�,�e
m'
gga3E„n�9
3�8
aduw"
8$oN
�rc>3a
aIE
3
..
;:su�wo
`&
ffl
3>
3w
A"
E v
o------
--------
I.T g
, Ir