HomeMy WebLinkAboutCity of Tamarac Resolution R-2007-153Temp. Reso. #11286
September 17, 2007
Page 1 of 4
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2007- %�3
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 WITH THE FLORIDA MUNICIPAL
INSURANCE TRUST (FMIT) FOR A ONE (1) YEAR
PERIOD BEGINNING OCTOBER 1, 2007 AT A COST
OF $1,484,552 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, 2007; 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,
$25,000 per claim for General Liability, Automobile Liability, and Workers'
Compensation claims, and $50,000 for Property Damage; and
Temp. Reso. #11286
September 17, 2007
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, it is the recommendation of the City Manager and the Director
of Human Resources that the City renew its General Liability, Automobile
Liability, Automobile Physical Damage, Workers' Compensation and Property
lines of coverage with the FMIT for a one year period beginning on October 1,
2007 based on the renewal quote of $1,484,552 as submitted by the FMIT
(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 General Liability, Automobile Liability, Automobile Physical
Damage, Workers' Compensation and Property lines of coverage with the FMIT
for a one year period beginning on October 1, 2007 as outlined above.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA:
1
1
1
Temp. Reso. #11286
September 17, 2007
Page 3 of 4
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 General Liability, Automobile
Liability, Automobile Physical Damage, Workers' Compensation and Property
lines of coverage with the Florida Municipal Insurance Trust (FMIT) for a one
year period beginning on October 1, 2007 at a cost of $1,484,552 per the
renewal quote (attached as Exhibit 1) with said lines of coverage to expire on
October 1, 2008, 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, 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.
:Temp. Reso. #11286
September 17, 2007
Page 4 of 4
SECTION 5: This Resolution shall become effective immediately
upon its passage and adoption.
PASSED, ADOPTED AND APPROVED this D9J45P day of ,2007.
BETH FLANSBAUM-TALA ISC ,
MAYOR
ATTEST:
n
RECORD OF COMMISSION VOTE:
MARION SWENSON, CMC
MAYOR FLANSBAUM-TALABISCO�
CITY CLERK
DIST 1:
COMM. PORTNER
DIST 2:
COMM. ATKINS-GRAD
DIST 3:
V/M SULTANOF
DIST 4:
COMM. DRESSLER
I HEREBY CERTIFY that
I have approved this
RESOLUTION as to form.
:L S. GOR
ATTORNE
C
er,-%fl tto -1la��
EXHIBIT �--
1 ]
FLORIDA LEAGUE OF CITIES, INC.
Public Risk Services
P. O. Box 530065
Orlando, FI 32853-0065
RENEWAL QUOTE FOR 2007-2008
City of Tamarac
FMIT 0584
Coverage Deductible
General/Professional Liability $25,000 StopLoss
StopLoss Amount $437,364
Automobile Liability $25,000 StopLoss
StopLoss Amount $75,000
Automobile Physical Damage $10,000 StopLoss
StopLoss Amount $30,000
Property $50,000
Workers' Compensation $25,000 StopLoss
Experience Modification 0.84 10/1/07
StopLoss Amount $75,000
TOTAL PREMIUM
`Includes: Drug Free Credit: Yes
Safety Credit: Yes
A rty Ca er�ge - � pecial'°no iivn following page.
Limit
$2,000,000
Premium
$282,867
$2,000,000 $66,860
$17,703
$68,273,052 $637,523
Total Payroll
$22,255,103 $479,599
$1,484,552
Re: 2007-2008 Renewal Quote - Renewal premiums are based on the coverages, limits and
deductibles as expiring.
LOCATIONS GREATER THAN 112 MILE FROM COASTAL WATER:
NAMED STORM DEDUCTIBLE: 5% OF THE 100% VALUE OF THE DAMAGED PROPERTIES PER BUILDING/PER
OCCURRENCE, SUBJECT TO THE POLICY DEDUCTIBLE SHOWN ON THE DECLARATIONS PAGE PER BUILDING/F
OCCURRENCE, WHICHEVER IS GREATER.
Your PHR Representative is available to discuss any questions you may have or changes
you wish to make.
r
IL J
•