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Home My Public Portal About18-9531 Agreement w/ the Florida League of Cities, Florida Insurance Trust for Property, Liability and Workers Compensation Sponsored by: City Manager RESOLUTION NO. 18-9531 A RESOLUTION OF THE CITY OF OPA-LOCKA, FLORIDA AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT WITH THE FLORIDA LEAGUE OF CITIES, FLORIDA MUNICIPAL INSURANCE TRUST, FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION INSURANCE FOR FISCAL YEAR 2018- 2019, ACCEPTING AND IMPLEMENTING THE REQUIRED CONDITIONS, AT A COST NOT TO EXCEED $2,059,878.00; PROVIDING FOR INCORPORATION OF RECITALS; PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the City of Opa-locka ("City") currently contracts with the Florida League of Cities, Florida Municipal Insurance Trust, for property, liability and workers compensation insurance; and WHEREAS, the City's renewal with the Florida League of Cities, Florida Municipal Insurance Trust, has been increased to an annual amount of$2,059,878 due to an increase in employee payroll, additional vehicles added to the policy, property rates and general liability increases; and WHEREAS, the City Commission finds that it is in the best interest of the City to renew its Agreement with the Florida League of Cities, Florida Municipal Insurance Trust. NOW THEREFORE, BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF OPA-LOCKA, FLORIDA: Section 1. RECITALS ADOPTED. The recitals to the preamble herein are incorporated by reference. Section 2. AUTHORIZATION The City Commission of the City of Opa-locka hereby authorizes the City Manager to enter into an agreement with The Florida League of Cities, Florida Municipal Insurance Trust, for property, liability and workers compensation insurance for fiscal year 2018-2019, accepting and implementing the required conditions, at a cost not to exceed $2,059,878.00. Section 3. SCRIVENER'S ERRORS. Sections of this Resolution may be renumbered or re-lettered and corrections of typographical errors which do not affect the intent may be authorized by the City Manager, or the City Manager's designee, without need of public hearing, by filing a corrected copy of same with the City Clerk. Resolution No. 18-9531 Section 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption and is subject to the approval of the Governor or his designee. PASSED AND ADOPTED this 21st day of August, 2018. .4.-..----'t( y a L. Taylor Mayor Attest to: Approved as to form and legal sufficiency: I ,4 , i --7-----,..-____. Joan f Flores THE BROWN LAW GROUP, LLC City Clerk City Attorney Moved by: Commissioner Riley Seconded by: Commissioner Holmes Commissioner Vote: 5-0 Commissioner Holmes: YES Commissioner Riley: YES Commissioner Pigatt: YES Vice Mayor Kelley: YES Mayor Taylor: YES Ock9. s City of Opa-Locka Agenda Cover Memo Department Kierra Ward, MBA Department Director: Director Signature: 4icj)ii. tv)ar'( Finance Bryan Hamilton FD Signature: Director: Departmentt` City Manager: Newall J. Daughtrey ACM Signature: I Commission 08.21.18 Item Type: Resolution O dinanc p Meeting Date: X (EnterXin box) Fiscal Impact: Ordinance Reading: ist Routing 2241 Reading (EnterXin box) Yes No (EnterXin box) x Public Hearing: Yes No Yes No (EnterXin box) X X Funding (Enter Fund& Advertising Requirement: Yes No Source: Dept) (EnterXin box) X Account#: Ex: 84-513451 Contract/P.O. Yes I No RFP/RFQ/Bid#: Required: (EnterXin box) Strategic Plan Yes No Strategic Plan Priority Area: Strategic Plan Obj./Strategy: Related Enhance Organizational p (list the specific objective/strategy this (EnterXin box) Bus.&Economic Dev p item will address) Public Safety Quality of Education � Qual.of Life&City Image = Communication C7 _ Sponsor Name City Manager Department: City Manager Short Authorizing the City Manager to renew the contract with the Florida League of Cities. * ' Summary: It is in the best interest of the City to renew the contract with the Florida League of Cities for the City's property,libility and worker's compensation insurance. Prcvmed Action: Staff recommends approval. Attachment: G,p.LOCh ,. 0.‘ (91.0f L/ gavvita Memorandum TO: Mayor Myra L. Taylor Vice-Mayor Joseph L. Kelley Commissioner Timothy Holmes Commissioner Matthew Piggatt Commissioner John Riley FROM: Newall D ► �� Daughtrey, Acting- City Manager • DATE: August 18,2018 RE: Liability Insurance Renewal—Florida League of Cities 2018/2019. Request: A RESOLUTION OF THE CITY OF OPA-LOCKA, FLORIDA AUTHORIZING THE CITY MANAGER TO ENTER INTO AN AGREEMENT WITH THE FLORIDA LEAGUE OF CITIES, FLORIDA MUNICIPAL TRUST, FOR PROPERTY, LIABILITY AND WORKERS COMPENSATION INSURANCE FOR FISCAL YEAR 2017-2018, ACCEPTING AND IMPLEMENTING THE REQUIRED CONDITIONS AT A COST OF$2,059,878. Description: The City's renewal with the Florida League of Cities has been increased to an annual amount of$2,059,878 due to an increase in employee payroll, additional vehicles added to the policy, property rates and general liability increases. A resolution of the City Commission of Opa-locka, Florida authorizes the City Manager to enter into an agreement with The Florida League of Cities for Property, Liability, and Workers Compensation. Financial Impact: The annual premium is$2,059,878. Implementation Timeline: October 1,2018-September 30,2019 Lesislative History: Resolution NO. 13-8673 Recommendation(s): Staff recommends approval. Attachments: Premium Renewal Summary PREPARED BY: Kierra Ward,MBA Human Resources Director Department of Insurance FLORIDA MUNICIPAL INSURANCE TRUST RENEWAL QUOTE FOR 2018-2019 City of Opa-Locka FMIT 0435 Coverage Deductible Limit Premium General/Professional Liability $25,000 $1,000,000 $1,149,055 Deductible Stoploss Amount $202,550 Automobile Liability $25,000 $1,000,000 $69,644 Deductible Stoploss Amount $75,000 Automobile Physical Damage Per Schedule $65,005 Property $2,500 $20,096,423 $110,372 Workers'Compensation $0 Total Payroll Experience Modification 1.48 10/1/18 $7,486,544 $679,773 GRAND TOTAL PREMIUM $2,073,849 RETURN OF PREMIUM $13.971, REDUCED GRAND TOTAL PREMIUM $2,059,878 The FMIT Board of Trustees has approved a$4,000,000 return of premium for members that had property coverage in the 2016-2017 Fund Year. The directive of the Board was to return property premium on the renewing members for 2018-2019 that participated in the Trust's property program in 2016-2017. Based on the property premiums paid in 2016-2017,the City of Opa-Locka can expect$13,971 in return premium should they elect to renew coverage for the 2018-2019 policy year. *Includes: Drug Free Credit: No Safety Credit: No Note:Coverage summaries provided herein are intended as an outline of coverage only and are necessarily brief. In the event of loss,all terms,conditions, and exclusions of actual Agreement and/or Policies will apply.