HomeMy WebLinkAboutCity of Tamarac Resolution R-2005-166Temp. Reso. #TR10791
September 24, 2005
Page 1
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2005-I & to
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA, AUTHORIZING
THE RENEWAL OF PROPERTY, GENERAL
LIABILITY, AUTOMOBILE LIABILITY, AUTOMOBILE
PHYSICAL DAMAGE, AND WORKERS'
COMPENSATION LINES OF COVERAGE WITH
THE FLORIDA MUNICIPAL INSURANCE TRUST
(FMIT) FOR A ONE (1) YEAR PERIOD BEGINNING
OCTOBER 1, 2005 AT A COST OF $1,115,341, AND
PAYMENT OF ANY INCREASE RESULTING FROM
THE ANNUAL PREMIUM AUDIT; PROVIDING FOR
CONFLICTS; PROVIDING FOR SEVERABILITY;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City of Tamarac currently holds several lines of insurance
coverage with the Florida Municipal Insurance Trust (FMIT); and
WHEREAS, the City's policies with the FMIT for Property, General
Liability, Automobile Liability, Automobile Physical Damage, and Workers'
Compensation expire October 1, 2005; and
WHEREAS, the FMIT has submitted renewal premiums to the City; and
WHEREAS, if the City renews its lines of coverage, the FMIT will provide
payment for all defense costs incurred with the City being responsible for
settlement and judgment costs up to $10,000 for Automobile Physical Damage,
and $25,000 per claim for Property, General Liability, Automobile Liability, Auto
Physical Damage and, Workers' Compensation claims; and
WHEREAS, the City's policies with the FMIT for Property, General
Liability, Automobile Liability, Automobile Physical Damage, and Workers'
Temp. Reso. #TR10791
September 24, 2005
Page 2
Compensation are quoted as an estimated premium, and are subject to
adjustment based on the annual premium audit; and
WHEREAS, it is the recommendation of the City Manager and the Director
of Human Resources that the City renew its Property, General Liability,
Automobile Liability, Automobile Physical Damage, and Workers' Compensation
lines of coverage with the FMIT for a one year period beginning on October 1,
2005 based on the renewal quote of $1,115,341 as submitted by FMIT (hereto
attached as Exhibit 1) and to pay any additional premium resulting from the
annual premium audit which has been approved by the City Manager after
notification to the City Commission; and
WHEREAS, the City Commission of the City of Tamarac, Florida deems it
to be in the best interest of the citizens and residents of the City of Tamarac to
renew the City's Property, General Liability, Automobile Liability, Automobile
Physical Damage, and Workers' Compensation lines of coverage with the FMIT
for a one year period beginning on October 1, 2005 as outlined above.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA:
SECTION 1: The foregoing 'WHEREAS" clauses are hereby
ratified and confirmed as being true and correct and are hereby made a specific
part of this Resolution.
SECTION 2: That the appropriate City officials of the City of
Tamarac are authorized to renew the City's Property, General Liability,
Automobile Liability, Automobile Physical Damage, and Workers' Compensation
lines of coverage with the FMIT for a one year period beginning on October 1,
1
1
1
Temp. Reso. #TR10791
September 24, 2005
Page 3
2005 at a cost of $1,115,341, per the renewal quote (hereto attached as Exhibit
1) with said lines of coverage to expire on October 1, 2006, and to pay any
additional premium resulting from the annual premium audit which has been
approved by the City Manager after notification to the City Commission.
SECTION 3: All resolutions or parts of resolutions in conflict
herewith are hereby repealed to the extent of such conflict.
SECTION 4: If any clause, section, or other part or application of
this Resolution is held by any court of competent jurisdiction to be
unconstitutional or invalid, in part or application, it shall not affect the validity of
the remaining portions or applications of this Resolution.
SECTION 5: This Resolution shall become effective immediately
upon its passage and adoption.
PASSED, ADOPTED AND APPROVED this 144hday of SeptembC( , 2005.
ATTEST:
MARION SWENSON, CMC
CITY CLERK
I HEREBY CERTIFY that
I have approved this
RESOLUTION as to form.
1 S. GOREN
M CITY ATTORNEY
JOE SCHREIBER
MAYOR
RECORD OF COMMISSION VOTE:
MAYOR SCHREIBER
DIST 1: COMM. PORTNER
DIST 2: V/M TALABISCO
DIST 3: COMM. SULTANOF
DIST 4: COMM. ROBERTS
AUG-05-05 FRI 12:68 PM FLORIDA LEAGUE OF CITIES
FLORIDA E,V,AGUE OF CITTIES, INC.
Public Risk Services
P. O. Box 530065
Orlando, IN 32853-0065
FAX NO. 407 425 9378 P. 02
EXHIBIT 1
RFC► ED
CITYI TA(iC
05 P UG -5 PM 1: 55
R► K i,,-Vj�ii\G�EMENT
RENEWAL QUOTE FOR 2005-2006
City of Tamarac
FMIT 0584
Coverage
Deductible
Limit
P emium ,
General/Profcasional Liability
$25,000
StapLoss Amount
$438,054
$2,000,000
$243,710
Automobile Liability
StopLoss Amoy int
$25,000
$2,000,000
$54,445
$75,000
Automobile P;Iysical Damage
Per Schedule
StopLoss Amount
$30,000
$32,309
Property
StopLoss Amount
$25,000
$291 478
$59, 594, 898
$243,524
Workers' Compensation
Experience Modification 0.77
$25,000
10/1/05
Total Payroll
StopLoss AmOLInt
$505,768
$20,415,588
$541,753
TOTAL PREMIUM
$1,115,341
"Includes: Dru,3 Free Credit: Yes
Safety Credit:
8/5/2005