HomeMy Public PortalAbout2000-47 Authorizing to execute an insurance agreement with Risk Management AssociatesRESOLUTION NO. 2000-47
A RESOLUTION OF THE VILLAGE OF KEY BISCAYNE,
FLORIDA; AUTHORIZING THE VILLAGE MANAGER TO
EXECUTE AN INSURANCE AGREEMENT WITH RISK
MANAGEMENT ASSOCIATES FOR WORKERS
COMPENSATION, PROPERTY, AUTO AND GENERAL
LIABILITY COVERAGES; PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, in conformity with the Goals and Objectives of the Finance Department, annual
proposals were requested from qualified insurance carriers with references of existing municipal
clientele; and
WHEREAS, the said request for proposals were requested by the Village Manager on July
7, 2000; and
WHEREAS, two proposals were received and opened on July 11, 2000; and
WHEREAS, those proposals were reviewed by staff; and
WHEREAS, it is the recommendation of staff that the proposal from Risk Management
Associates be accepted.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF KEY
BISCAYNE, FLORIDA AS FOLLOWS:
Section 1. That the Village Manager is hereby authorized to execute an agreement with Risk
Management Associates.
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 29th day of August , 2000
MAYOR JOE I. RASCO
CONCHITA H. ALVAREZ, CMC, V
APPROVED AS TO FORM AND LEGAL SUFFICINCY:
(\ r/
RICHARD J. WEISS, VILLAGE ATTORNEY
Moyer & Associates
Severn Trent Services
210 North University Drive
Suite 301
Coral Springs, Florida 33071
MEMORANDUM
To: C. Samuel Kissinger, Village Manager
From: Randolph G. White, Finance Director 0))
Re: Annual Insurance Requests for Proposal
Date: August 3, 2000
Annual proposals for all insurance coverage for the Village were requested on June 1, 2000
to be received no later than July 7, 2000.
Three insurance companies expressed interest.
Florida Municipal Insurance Trust ( current carrier )
Coregis Florida Cities Program
St. Paul Public Services Sector
Two insurance companies responded on time with proposals:
Florida Municipal Insurance Trust ( current carrier )
Bid $383,836
Windstorm $6,557
Flood $1,631
Total $392,024
Coregis Florida Cities Program
Bid $288,001
Windstorm included
Flood $1,631
Total $289,632
Coregis supplied a list of current governmental clients. I called the City of Vero Beach, the Town
of Jupiter, the Village of Palm Springs and the City of Fort Myers. All offered excellent referrals.
Therefore, I recommend you consider Coregis Florida Cities Program as your insurance carrier
for the fiscal period October 1, 2000 to September 30, 2001.
The local servicing agent for Coregis is Risk Management Associates, Fort Lauderdale, Florida.