HomeMy WebLinkAboutR-2024-140 Renewal of Comprehensive Property Casualty Insurance ProgramRESOLUTION NO.2024-
A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DANIA
BEACH, FLORIDA, AUTHORIZING THE RENEWAL OF THE
COMPREHENSTVE 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
TWO MILLION, TWO HT]NDRED FIFTY-NINE THOUSAND SEVEN
HUNDRED SEVEN DOLLARS ($2,259,707.00) FOR COVERAGE
BEGINNING OCTOBER 1,, 2024 THROUGH SEPTEMBER 30, 2025;
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 puchases 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 concems on major conkactual agreements, special
events programming, construction projects, appropriate vendor insurance requirements, and bid
specif,rcations; and
WHEREAS,theCityAdministrationrecommendsthattheCityCommissionwaive
competitive bidding and authorize renewal of Coverage through Preferred Governmental
lnsurance Trust (PGIT) and other associated insurers through B&B for Fiscal Y eat 2024-25; 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 parl 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,BEITRESOLVEDBYTHECITYCOMMISSIONOFTHE
CITY OF DANIA BEACH, FLORIDA:
Section l. That the above "Whereas" clauses are ratified and confirmed, and they are
made a part ofand 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 2024-25 for a combined
annual premium amount of Two Million Two Hundred Fifty-Nine Thousand Seven Hundred
Seven Dollars ($2,259,707.00) for coverage beginning october 1, 2024 through september 30,
2025.
section 3. That the cost ofthe coverage has increased due to major changes in city's
risk exposures such as a sixteen percent (16%) increase in property values, 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 FiscalYear 2024'
2025 btdget.
section4.ThatthecostforcoverageshallexceedtheFiftyThousandDollars
($50,000.00) annual vendor threshold, and the city commission hereby waives the competitive
procuement requirements relating to the renewal of its Comprehensive Property & Casualty
coverage with Preferred Govemmental lnsurance Trust (PGIT) and other associated insurers
through B&B for Fiscal Year 2024-25.
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 upon passage'
SIGNATURES ON THE FOLLOWING PAGE
2 RESOLUTION #2024.t4D
PASSED AND ADOPTED ON
Motion by
2024.
ARCHIB
MAYOR
\\
Commissioner Joyce L. Davis
Commissioner Tamara James
Commissioner Marco Salvino
Vice Mayor Lori Lewellen
Mayor Archibald J. Ryan IV
ATTES
ELORA C
CITY CLERK
APPROVED AS TO FORM AND CORRECTNESS:
B UTSIS
TTORNEY
Unanimous
Yes No
E
C
RY NIV
3
second by
FINAL VOTE ON ADOPTION:
RESOLUTION #20 24-I4O
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LIMITDEOUCIgLELIMITLINE OF COVERASE
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