HomeMy WebLinkAboutCity of Tamarac Resolution R-2004-216Temp. Reso. #10533
September 13, 2004
Page 1
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2004- o2/6
A RESOLUTION OF THE CITY COMMISSION OF
THE CITY OF TAMARAC, FLORIDA, AUTHORIZING
THE RENEWAL OF PROPERTY, GENERAL
LIABILITY, AUTOMOBILE LIABILITY, AND
AUTOMOBILE PHYSICAL DAMAGE LINES OF
COVERAGE WITH THE FLORIDA MUNICIPAL
INSURANCE TRUST FOR A ONE (1) YEAR PERIOD
BEGINNING OCTOBER 1, 2004 AT A COST OF
$502,546 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, and Automobile Physical Damage expire October
1, 2004; 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, and
Auto Physical Damage claims; and
WHEREAS, the City's policies with the FMIT for Property, General
Liability, Automobile Liability, and Automobile Physical Damage are quoted as an
estimated premium, and are subject to adjustment based on the annual premium
audit; and
Temp. Reso. #10533
September 13, 2004
Page 2
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, and Automobile Physical Damage lines of coverage with the
FMIT for a one year period beginning on October 1, 2004 based on the renewal
quote of $502,546 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, 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, and Automobile
Physical Damage lines of coverage with the FMIT for a one year period
beginning on October 1, 2004 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, and Automobile Physical Damage lines of coverage with the
FMIT for a one year period beginning on 10/1/04 at a cost of $502,546 per the
renewal quote (hereto attached as Exhibit 1) with said lines of coverage to expire
on October 1, 2005, and to pay any additional premium resulting from the annual
Temp. Reso. #10533
September 13, 2004
Page 3
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 22"d day of September, 2004.
r
JOE SCHREIBER
MAYOR
ATTEST:
MARION S ENSON, CMC
CITY CLERK
HEREBY CERTIFY that
have approved this
RESOLUTION as to form.
/11
i'
ITCHELL aT
CITY ATTORNEY
RECORD OF COMMISSION VOTE:
MAYOR SCHREIBER
DIST 1:
COMM. PORTNER
DIST 2:
COMM. FLANSBAUM-TAL
DIST 3:
VIM SULTANOF
DIST 4:
COMM. ROBERTS
r-
Ou-cuu4 1-1UN I 1;!)e fif'! hLUKIVA LEAGUE OF CITIES
14,0111DA 1,EAGUE OF C"I'll7i E INC.
Pitbhe Risk Sorvices
11, 0. Hox 530065
Orlando, 111 32853-0065
FAX NO, 407 317 7181 P. 02
EXHIBIT 1
"d
RENEWAL QUOTE FOR 2004-2005
City of Tamarac
FMIT 0584
-Q q -Y —e —ra I -I�'.' Deduct[ole Limit Premium
General/Professional Liability $25,000 $2,000,000 $222,388
StopLoss Amount $347,764
Automobile Liability $25,000 $2,000,000 $57,960
StopLoss Amount $75,000
Automobile Physical Damage Per Schedule $27,139
StopLoss Amount $30,000
Property $26,000 $56,888,018 $195,059
Stopl-m,s ArTiOUnt $252,165
TOTAL. PREMIUM $502,546
8/3012004