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MIDDLESEX COUNTY
OFFICE OF
K~4TH£EEN M. Bz~RNEY, RMC/CMC
MUNICIPA£ CLERK 61 COOKE AVENUE
M E M O R A N D U M CARTERET, NEW JERSEY 07008
TO: G.R. MURRAY
DIVISION OF O'GORMAN & YOUNG, INC.
707 STATE ROAD
P.O. BOX 83
PRINCETON, NJ 08542
FROM: KATHLEEN M. BARNEY, RMC/CMC
Municipal Clerk
DATE: MARCH 30, 2004
SUBJECT: RESOLUTION APPOINTING RISK MANAGEMENT
CONSULTANT.
ENCLS: CERTIFIED COPY OF RESOLUTION #04-116
KMB/cp
cc: Treasurer
Purchasing
B. Baumgartner
File
No. 04-116 Date of Adoption March 25. 2004
APPOINTING RISK MANAGEMENT CONSULTANT
WHEREAS, the Borough of Carteret is in need of professional risk management
services as required pursuant to bylaws of the Middlesex County Municipal Joint
Insurance Fund of which the Borough is a member; and
WHEREAS, G.R. Murray, a Division of O'Gorman & Young, Inc., 707 State
Road, P.O. Box 83, Princeton, New Jersey 08542, has submitted a proposed
contract to provide said risk management services, a copy of which is attached
hereto and made a part hereof; and
WHEREAS, the Governing Body has reviewed said contract and scope of
services; and
WHEREAS, the Chief Financial Officer has certified that funds are, or will, be
available for this purpose.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the
Borough of Carteret as follows:
1. That the proposed contract from G.R. Murray to provide
professional risk management consulting services at a cost not
to exceed six percent (6%) of the Borough's annual assessment
as established by the Middlesex County Joint Insurance Fund is
hereby approved.
2. That the Mayor is hereby authorized to execute said contract on
behalf of the Borough.
3. That a copy of this resolution and contract be forwarded to the
Borough's Purchasing Department and G.R. Murray
Adopted this 25th day of March, 2004 and
certified as a true copy of the original-on_
Mar?C)004.
Municipal Clerk
TL RECORD OF COUNCIL VOTE
~ COUNCILMAN YES NO NV A.B. COUNCILMAN YES NO NV A.B.
KR[1H X gTfftq X
NAPLES X SITAR7. X
PARI$I X .qt~q~ll, mg I X
X ~ Indicate Vote AB - Absent NV * Not Voting XOR - Indicates Vote to Overrule Veto
Adopted at a meeting of the Municipal Council
~ March )S. ?DNA
- - C i~lffRK ~
G.R. MURRAY
Di f0Go &Yo ~
vision o ' RMAN UNO, Inc. ,.,: ~
March 8, 2004 i:} \"i
Business Administrator
Borough of Carteret
61 Cooke Avenue
Carteret, NJ 07708
Re: Risk Management Agreement
Dear Patrick:
The Middlesex County JIF has requested that an updated Risk Management Agreement
be signed and sent to their office. I have enclosed the Agreement that just needs to have
the date of the meeting filled in on the first page, signed and attested on the second page.
Please make a copy for your files and mail the original signed document back to my
attention.
Please give me a call with any questions.
Sincerely yours,
G R MURRAY INSURANCE
Victoria Sjulander
707 State Road · RO. Box 83 lalephone: 609.924.5000
Princeton · New Jersey 08542 w~w.ogpgrmurray.com focsimile: 609.924.8487
RISK MANAGEMENT CONSULTANT'S AGREEMENT
THIS AGREEMENT entered into this 1st day of January, 2004, between the BOROUGH Of
CARTERET (t~ereinafter referred to as BOROUGH) and G R r URRAY (hereinafter
referred to as tl~e CONSULTANT).
WHEREAS, the CONSULTANT has offered to the BOROUGH professional risk management
consulting services as require~ in the bylaws of the ~iddlesex County I~luni¢ipal
Joint Insurance Fund; and
WHEREAS, the BOROUGH desires these professional services pursuant to the resolution
adopted by the governing body of the BOROUGH ara meeting held
; and
NOW, THeREFORe, the parties in consideration of the mutual promises and covenants
set forth herein, agree as follows:
1) For and in consideration of the amount stated hereinafter, the CONSULTANT shall:
a) Assist the BOROUGH in identifying its insurable Property & Casualty
exposures and to recommend professional methods to reduce, assume
or transfer the risk or loss.
b) Assist the BOROUGH in understanding the various coverages available
from the Middlesex County Municipal Joint Insurance Fund.
c) Review with the BOROUGH any additional coverages that the
CONSULTANT feels should be carried but are not available from ~he
FUND and subject to the BOROUGH'S authorization, place such
coverages outside the FUND.
d) Assist the BOROUGH in the preparation of applications, statements of
values, and similar documents requested by the FUND, it being
understood that this Agreement does not include any appraisal work
by the CONSULTANT.
e) Review Certificates of Insurance from contractors, vendors and
professionals when requested by the BOROUGH.
f) Review the BOROUGH'S ass essment as prepared by the FUND and assist
the BOROUGH in the preparation of its annual insurance budget.
g) Review the loss reports and generally assist the Safety Committee in its
loss containment objectives.
h) Assist where needed in the settlement of claims, with the
understanding that ~he scope of the CONSULTANT's involvement does
not include the work normally done by a public adjuster.
i) Perform any other risk management related services required by the
FUND'S bylaws.
2) In exchange for the above services, the CONSULTANT shall be compensated in the
following manner:
a) The CONSULTANT shall be paid by the BOROUGH a fee as compensation
for services rendered, an amount equal to no more than 6% of the
BOROUGH'S annual as sessrnent as promulgated by the FUND. Said fee
shall be paid to the CONSULTANT within thirty ($0) days of payment of
the BOROUGH'S ass essment. (Said fee is included in the BOROUGH'S
assessment)
b) For any insurance coverages authorized by the BOROUGH tO be placed
outside the FUND, the CONSULTANT shall receive as compensation the
normal brokerage commissions paid by the insurance company. The
premiums for said policies shall not be added to the FUND~ S
assessment in computing the fee outlined in 2(a).
3) The term of this Agreement shall be one (3) years. However, this Agreement may
be terminated by either party at any time by mailing to the other written notice,
certified mail return receipt, calling for termination at not less than thirty (30) days
thereafter. In the event of termination of this Agreement, the CONSULTANT'S fee s
outlined in 2(a) above shall be prorated to date of termination.
ATTEST: BOROUGH:
ATTEST: CONSULTANT:
G R MURRAY