HomeMy WebLinkAbout2024-159-2233_-_Agreement_with_Florida_Municipal_Insurance_Trust_-_Adopted.docxRESOLUTION NO. 2024-159-2233
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
MIAMI GARDENS, FLORIDA, AUTHORIZING THE FIRST
RENEWAL OF THE AGREEMENT WITH FLORIDA MUNICIPAL
INSURANCE TRUST (FMIT) FOR WORKERS'
COMPENSATION, GENERAL LIABILITY, PROPERTY AND
CASUALTY, AND AUTOMOBILE INSURANCE FOR FISCAL
YEAR 2024/2025 IN AN AMOUNT OF THREE MILLION ONE
HUNDRED AND EIGHTEEN THOUSAND AND NINE HUNDRED
AND SIXTY SIX DOLLARS ($3,118,966); AUTHORIZING THE
CITY MANAGER TO TAKE ALL NECESSARY STEPS FOR THIS
PURPOSE; PROVIDING FOR THE ADOPTION OF
REPRESENTATIONS; PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City engaged an agent of record/insurance broker to provide
professional services related to the City's Risk, Liability, and other related programs, and
WHEREAS, the Firm was tasked with providing a viable and very competitive
carrier for our Property, Automobile, Liability and Workers' Compensation program and
cost Three Million One Hundred Eighteen Thousand Nine Hundred Sixty-Six Dollars
($3,118,966.00), and
WHEREAS, the City's General Liability, Property, Casualty and Automobile
Insurance is provided by Florida Municipal Insurance Trust (FMIT) and is up for renewal
on October 1, 2024, and
WHEREAS, FMIT has provided the City a renewal proposal Three Million One
Hundred Eighteen Thousand Nine Hundred Sixty-Six Dollars ($3,118,966.00) and
sufficient funding has been appropriated in the Fiscal Year 2024/2025 operating budget
for this expense, and
WHEREAS, City Staff recommends the City Council authorize the first renewal of
the Agreement with Florida Municipal Insurance Trust (FMIT) for Workers’ Compensation,
General Liability, Property and Casualty, and Automobile Insurance for Fiscal Year
2024/2025 in an amount of Three Million One Hundred Eighteen Thousand Nine Hundred
Sixty-Six Dollars ($3,118,966.00) and authorize the City Manager to take all necessary
steps for this purpose,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF MIAMI GARDENS, FLORIDA AS FOLLOWS:
Section 1: ADOPTION OF REPRESENTATIONS: The foregoing Whereas
paragraphs are hereby ratified and confirmed as being true, and the same are hereby
made a specific part of this Resolution.
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Resolution No. 2024-159-2233
Section 2: AUTHORIZATION: The City Council of the City of Miami Gardens
hereby authorizes the first renewal of the Agreement with Florida Municipal Insurance
Trust (FMIT) for Workers’ Compensation, General Liability, Property and Casualty, and
Automobile Insurance for Fiscal Year 2024/2025 in an amount of Three Million One
Hundred Eighteen Thousand Nine Hundred Sixty-Six Dollars ($3,118,966.00). Further,
the City Council of the City of Miami Gardens hereby authorizes the City Manager to take
all necessary steps for this purpose.
Section 3: EFFECTIVE DATE: This Resolution shall take effect immediately upon
its final passage.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS
AT ITS REGULAR MEETING HELD ON SEPTEMBER 25, 2024.
________________________________
RODNEY HARRIS, MAYOR
ATTEST:
________________________________
MARIO BATAILLE, CMC, CITY CLERK
PREPARED BY: SONJA KNIGHTON DICKENS, CITY ATTORNEY
SPONSORED BY: CAMERON BENSON, CITY MANAGER
Moved by: Councilman Leon
Seconded by: Councilwoman Powell
VOTE: 7-0
Mayor Harris Yes
Vice Mayor Wilson Yes
Councilwoman Baskin Yes
Councilman Leon Yes
Councilwoman Powell Yes
Councilwoman Julien Yes
Councilman Stephens, III Yes
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