HomeMy WebLinkAboutCity of Tamarac Resolution R-2003-211Temp. Reso. #10239
September 2, 2003
Page I
Revision 1 - September 4, 2003
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-2003- 52� 111 I
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
FOR A ONE (1) YEAR PERIOD BEGINNING
OCTOBER 1, 2003 AT A COST OF $1,017,030, 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, 2003; 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
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. #10239
September 2, 2003
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Revision 1 - September 4, 2003
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,
2003 based on the renewal quote of $1,017,030 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, Automobile
Physical Damage, and Workers' Compensation lines of coverage with the FMIT
for a one year period beginning on October 1, 2003 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 10/1/03 at a
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Temp. Reso. #10239
September 2, 2003
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cost of $1,017,030 per the renewal quote from (hereto attached as Exhibit 1) with
said lines of coverage to expire on October 1, 2004, 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 10th day of September, 2003.
JOE SCHREIBER
MAYOR
ATTEST:
MARION SWENSON, CMC
CITY CLERK
I HEREBY CERTIFY that
I have approved this
RESOLUTION as to form.
MITCHELL S.'KF
CITY ATTORN
RECORD OF COMMISSION VOTE:
MAYOR SCHREIBER
DIST 1: COMM. PORTNER
DIST 2: COMM. FLANSBAUM-TAL
DIST 3: COMM. SULTANOF
DIST 4: V/M ROBERTS
2/02
SEP-02 -2003 TUE 03:13 PM FLORIDA LEAGUE OF CITIES FAX N0, 407 317 7181 P. 0
EXHIBIT 1
ivp[) TR# 10239
cj-v' tj,�i �jj'jpj, ,�c
03 SAP _2 Phi 2` 49
t+1 (Aptli�rl fi,Vr1(.:riF, f)V r_:1't't' , INC.
i'ublir. p�ti;vpt,tii`rvi+;c�s
p". o, i to k $30065
l,p 3 853-00G5
RENEWAL QUOTE FOR 2003-2004
City of Tamarac
Renewal
(;ovt ;-Pt��n
1Jec�urtik�le
Ll�r it
Premium
�ertc�r:rlll'ruf szyior�al Liability
$25,000 pSL.
$2,000,000
$188,303
toploss Amount $333,162
Aulc,tlx�l�ii;-� Liability
$25,000 COSt•
$2,000,000
$60,384
,itoploss Amount $ 76,000
At.tt0njohi1e Physir.;.al patn;ac0e
$10,000 QSL (As per Schedule)
$22,122
Stoploss Aniount $ 30,000
Property
$25,000 pSL
$53,106,654
$166,722
,toplos�; AmoUilt $1,69,6I7
Workers' Cornpensation
$25,000 pSL
Total Payroll
Stoploss Ain(Aint $534,887
Exp, Mod. 10/01/03 81
$18,332,357
$579,499
TOTAL, MGMIUM $1,017,030
,jnr;iuclas:. cxtig Free Credit: Yft!�
7;afeiy Credit y s
0120001