HomeMy WebLinkAboutCity of Tamarac Resolution R-98-312&t 1
Temp. Reso. # 8424
October 12, 1998
CITY OF TAMARAC, FLORIDA
RESOLUTION NO. R-98- _::�
A RESOLUTION OF THE CITY COMMISSION
OF THE CITY OF TAMARAC, FLORIDA,
AUTHORIZING THE APPROPRIATE CITY
OFFICIAL TO RENEW FLOOD INSURANCE
POLICIES FOR THE CITY OF TAMARAC FOR
THE PERIOD NOVEMBER 2, 1998 THROUGH
NOVEMBER 2, 2001; PROVIDING FOR
SEVERABILITY; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the City Commission of the City of Tamarac recognizing the
city is located in an A2 flood zone desires to purchase flood insurance protection;
and
WHEREAS, the flood insurance policies listed on Exhibit A have an
anniversary date of November 2, 1998; and
WHEREAS, the flood insurance property and content values were
increased to the appropriate coverage limits available under the National Flood
Insurance Program; and
WHEREAS, American Bankers Insurance Group will renew the City's
flood policies effective November 2, 1998 at current rates with an increase in
premium due to increased coverage limits; and
WHEREAS, American Bankers Insurance Group will provide a three-year
prepaid renewal option, thereby guaranteeing the same rate for three years and
eliminating service fees for two years; and
and
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Temp. Reso. # 8424
October 12, 1998
WHEREAS, the Risk Manager recommends the approval of this renewal;
WHEREAS, the City of Tamarac, Florida deems it to be in the best
interest of the citizens and residents of the City of Tamarac to maintain flood
insurance protection for the risk of property loss.
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 is hereby made a specific
park of this Resolution.
SECTION 2: That the appropriate City officials are hereby
authorized to renew the City's flood insurance policies listed on Exhibit A for the
period November 2, 1998 through November 2, 2001 to a total premium of
$33,603.
SECTION 3: That all appropriate budget allocations required to
fund the provisions of this resolution are hereby approved.
SECTION 4: That all resolutions or parts in conflict herewith are
hereby repealed to the extent of such conflict.
SECTION 5: If any clause, section, or other part of application of
this Resolution is held by an order of competent jurisdiction to be
unconstitutional or invalid, in part or application, it shall not affect the validity of
the remaining portions or application of this Resolution.
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Temp. Reso. # 8424
October 12, 1998
SECTION 6: This Resolution shall become effective immediately
upon its passage and adoption.
PASSED, ADOPTED AND APPROVED this.V'day of .r c r'w' t� , 1998.
ATTEST:
CAROL GOLD-, CMC, AAE
CITY CLERK
I H EBY CERTIFY that I
H ve approved this
ES WTION/1s to ford.
MITCHELL S. KR)
CITY ATTORNEY
Risk Management/BL
r
JOE SCHREIBER
MAYOR
RECORD OF COMMISSION VOTE
MAYOR
SCHREIBER
DIST 1:
COMM. MGKAYE
DIST 2:
V/M MISHKIN--
DIST 3:
COMM. SULTANOF.-
DIST 4:
COMM. ROBERTS 'r _