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HomeMy WebLinkAbout2023-137-2027_-_Renewal_of_the_Agreement_with_Florida_Municipal_Insurance_Trust_-_Adopted.docxRESOLUTION NO. 2023-137-2027 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MIAMI GARDENS, FLORIDA, AUTHORIZING THE RENEWAL OF THE AGREEMENT WITH FLORIDA MUNICIPAL INSURANCE TRUST (FMIT) FOR WORKERS' COMPENSATION, GENERAL LIABILITY, PROPERTY AND CASUALTY, AND AUTOMOBILE INSURANCE FOR FISCAL YEAR 2023/2024; AUTHORIZING THE CITY MANAGER TO ISSUE A PURCHASE ORDER, IN AN AMOUNT NOT TO EXCEED, TWO MILLION EIGHT HUNDRED AND EIGHTY THOUSAND SEVEN HUNDRED AND THIRTY THREE DOLLARS ($2,880,733) 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 WHEREAS, the insurance cost is Two Million Eight Hundred and Eighty Thousand Seven Hundred and Thirty-Three Dollars ($2,880,733), and WHEREAS, the City Workers' Compensation, General Liability, Property and Casualty and Automobile Insurance policy is up for renewal October 1, 2023, and WHEREAS, the City's General Liability, Property, Casualty and Automobile Insurance is provided by FMIT, and WHEREAS, Staff recommends payment of this obligation, 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. Section 2: AUTHORIZATION: The City Council of the City of Miami Gardens hereby authorizes the renewal of the Agreement with Florida Municipal Insurance Trust (FMIT) for Workers' Compensation, General Liability, Property and Casualty, and Automobile Insurance for fiscal year 2023/2024. The City Council further authorizes the City Manager to issue a purchase order, in an amount not to exceed, Two Million Eight DocuSign Envelope ID: 8146E777-750E-4F21-A70D-39BD6B708056 Page 2 of 2 Resolution No. 2023-137-2027 Hundred and Eighty Thousand Seven Hundred and Thirty-Three Dollars ($2,880,733) 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 27, 2023. ________________________________ 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 Campbell VOTE: 7-0 Mayor Harris Yes Vice Mayor Wilson Yes Councilwoman Campbell Yes Councilwoman Ighodaro Yes Councilwoman Julien Yes Councilman Leon Yes Councilwoman Stephens, III Yes DocuSign Envelope ID: 8146E777-750E-4F21-A70D-39BD6B708056