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Res No 204-10-13238RESOLUTION NO. 204-10-13238 A Resolution of the Mayor and City Commission of the City of South Miami, Florida, relating to Workers Compensation Insurance for FY 2010 -2011, authorizing the City Manager to execute the renewed policy with the Florida League of Cities, through the Florida Municipal Insurance Trust (FMIT); providing an effective date. WHEREAS, it is the recommendation of the City Administration to continue coverage with the Florida League of Cities, through the FMIT, for the 2010 -2011 Fiscal Year. The recommendation is currently based on the Renewal Proposal; and, WHEREAS, the City Administration recommends the renewal of Workers Compensation Insurance for FY 2010 -2011. NOW THEREFORE BE IT RESOLVED BY THE MAYOR AND CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA: Section 1. That the City Commission hereby approves the continuing coverage with the Florida League of Cities, through the FMIT, relating to Workers Compensation Insurance for the 2010 -2011 Fiscal Year. Section 2. This resolution shall take effect immediately upon adoption. PASSED AND ADOPTED this 39thday of Sept _ , 2010. ATTEST: 009-'r'(2h��r2P CITY CLERK READ AND APPROVED AS TO FORM AND SUFCIANCY C Y ATTORNEY APPROVED: 2j"_ MAYO COMMISSION VOTE: 4 -0 Mayor Stoddard: Yea Vice Mayor Newman: absent Commissioner Palmer: Yea Commissioner Beasley: Yea Commissioner Harris: Yea Additions shown by underlining and deletions shown by e erstrikin . PROPOSED FMIT $113,693 $66,037 $124,313 $280,174 - $65,804 $518,413 EXPIRING PROPOSED COVERAGE FMIT PGIT General /Professional Liability $129,958 $76,263 Automobile Liability $71,622 $64,164 Property $179,725 $88,945 Workers' Compensation $312,289 $299,904 Return of Premium - $72,688 $0 TOTAL $620,906 $529,276 PROPOSED FMIT $113,693 $66,037 $124,313 $280,174 - $65,804 $518,413