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Home My WebLink AboutCity of Tamarac Resolution R-2022-101 FMIT Renewal 2022-2023Temp. Reso. #13819 September 14, 2022 Page 1 of 4 CITY OF TAMARAC, FLORIDA RESOLUTION NO. R-2022- 10-1 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA AUTHORIZING THE RENEWAL OF GENERAL LIABILITY, AUTOMOBILE LIABILITY, AUTOMOBILE PHYSICAL DAMAGE, WORKERS' COMPENSATION, AND PROPERTY LINES OF COVERAGE INCLUDING ANY ENDORSEMENTS WITH THE FLORIDA MUNICIPAL INSURANCE TRUST (FMIT) FOR A ONE (1) YEAR PERIOD BEGINNING OCTOBER 1, 2022 AT A COST OF $1,124,804 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 General Liability, Automobile Liability, Automobile Physical Damage, Workers' Compensation, and property expire October 1, 2022 ; and WHEREAS, the FMIT has submitted renewal premiums to the City ; and WHEREAS, if the City renews its line of coverage, the FMIT will provide payment for all defense costs incurred with the City being responsible for settlement and judgment costs up to $25,000 per claim for General Liability, Automobile Liability, and Workers' Compensation claims, and $50,000 for damage to City property ; and $10,000 for Automobile Physical Damage; and Temp. Reso. #13819 September 14, 2022 Page 2 of 4 WHEREAS, the City's policies with the FMIT for General Liability, Automobile Liability, Automobile Physical Damage, Workers' Compensation and Property are quoted as an estimated premium, and are subject to an adjustment based on the annual premium audit; and WHEREAS, the FMIT has signed the Agreement Exhibit Certification to the original Agreement which addresses Scrutinized Companies and E-Verify as required by Florida Statues (attached as Exhibit 1); and WHEREAS, the City Manager and the Director of Human Resources recommend that the City renew its General Liability, Automobile Liability Automobile Physical Damage, Workers' Compensation and Property lines of coverage including any endorsements with the FMIT for a one year period beginning on October 1, 2022 based on the renewal quote of $1,124,804 as submitted by the FMIT (attached as Exhibit 2) and to pay any additional premium resulting from the addition of assets and/or the annual premium audit; 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 General Liability, Automobile Liability, Automobile Physical Damage, Workers' Compensation and Property lines of insurance coverage with the FMIT for one year period beginning on October 1, 2022 as outlined above. Temp. Reso. #13819 September 14, 2022 Page 3 of 4 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF TAMARAC, FLORIDA THAT: 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. All exhibits attached hereto are incorporated herein and made a specific part of this Resolution. SECTION 2: The City Commission approves the renewal and authorizes the appropriate City officials to execute the necessary documents to effectuate the renewal of the City's General Liability, Automobile Liability, Automobile Physical Damage, Workers' Compensation and Property lines of coverage including any endorsements with the Florida Municipal Insurance Trust (FMIT) for a one year period beginning on October 1, 2022 at a cost of $1,124,804 per the renewal quote (attached as Exhibit 1) with said lines of coverage to expire on October 1, 2023 and to pay any additional premium resulting from the addition of assets and/or 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, other part or application of this Resolution is held by any court of competent jurisdiction to be unconstitutional or invalid, in part of application, it shall not affect the validity of the remaining portions or applications of this Resolution. Temp. Reso. #13819 September 14, 2022 Page 4 of 4 SECTION 5: This Resolution shall become effective immediately upon adoption. PASSED, ADOPTED AND APPROVED this i L'7kday of 0,5E-F76)k4&e1z_ 2022. ATTEST: KIMBERLY DILLON CITY CL RK MICHELLY J. EZ MAYOR RECORD OF COMMISSION VOTE: MAYOR GOMEZ yes DIST 1: COMM. BOLTON DIST 2: V/M GELIN DIST 3: COMM. VILLALOBOS DIST 4: COMM. PLACKO �1�3 APPROVED AS TO FORM AND LEGAL SUFFICIENCY FOR THE USE AND RELIANCE OF THE CITY OF TAMARAC ONLY. i r I R HN . HERINJR. CIfFY ATTORNEY-- EXHIBIT 1 TR13819 AGREEMENT EXHIBIT CERTIFICATION The CITY OF TAMARAC (City), a municipal corporation with principal offices located at 7525 NW 88th Avenue, Tamarac FL 33321, and the undersigned CONTRACTOR executing this document by and through its authorized agent. The following terms are hereby added to the original Agreement: Scrutinized Companies By execution of this Agreement, in accordance with the requirements of F.S. 287.135 and F.S. 215.473, CONTRACTOR certifies that CONTRACTOR is not participating in a boycott of Israel. CONTRACTOR further certifies that CONTRACTOR is not on the Scrutinized Companies that Boycott Israel list, not on the Scrutinized Companies with Activities in Sudan List, and not on the Scrutinized Companies with Activities in the Iran Petroleum Energy Sector List, nor has CONTRACTOR been engaged in business operations in Syria. Subject to limited exceptions provided in state law, the CITY will not contract for the provision of goods or services with any scrutinized company referred to above. Submitting a false certification shall be deemed a material breach of contract. The CITY shall provide notice, in writing, to CONTRACTOR of the CITY's determination concerning the false certification. CONTRACTOR shall have five (5) days from receipt of notice to refute the false certification allegation. If such false certification is discovered during the active contract term, CONTRACTOR shall have ninety (90) days following receipt of the notice to respond in writing and demonstrate that the determination of false certification was made in error. If CONTRACTOR does not demonstrate that the CITY's determination of false certification was made in error then the CITY shall have the right to terminate the contract and seek civil remedies pursuant to Section 287.135, Florida Statutes, as amended from time to time. ATTEST Signature of Co r rate Secretary Jeannie Garner Type/Print Name of Corporate Secy 8/30/2022 Date (CORPORATE SEAL) Florida League of Cities, Inc Company Name . W evu& Signature Michael J Morrill Type/Print Name 8/26/2022 Date i U1FNe1CAO APPROVED AGREEMENT TEMPLATESIStandard AgreementslAgreement Exhibits -Scrutinized Company -Pub RecordslAgreement Exhibit -- Generic Corporate Certification for Scrutinized Co doc EXHIBIT 2 TR13819 FLORIDA MUNICIPAL UNfCIPA6 INSURANCE TRUST Protecting the Communities We CaflHome RENEWAL QUOTE FOR 2022-2023 City of Tamarac FMIT 0584 Coverage Deductible Limit Premium General/Professional Liability $25.000 $5,000,000 $331,048 Deductible Stoploss Amount $924,260 Cyber Liability $25,000 $2,000,000 $10,000 Automobile Liability $25,000 $2,000,000 $78,875 Deductible Stoploss Amount $75,000 Automobile Physical Damage Per Schedule $23,769 Deductible Stoploss Amount $30.000 Property $50,000 $95,865,739 $445,104 Workers' Compensation $25,000 Total Payroll Experience Modification 0.68 10/1/22 $31,984,061 $236,008 TOTAL NET PREMIUM $1,124,804 'Includes: Drug Free Credit: Yes Safety Credit: Yes tote: Coverage summaries provided herein are intended as an outline of coverage only and are ecessarily brief. In the event of loss, all terms, conditions, and exclusions of actual Agreement and/or olicies will apply.