Res No 205-10-13239RESOLUTION NO. 205 -10 -13239
A Resolution of the Mayor and City Commission of the City of South
Miami, Florida, relating to Property, General Liability, and
Automobile Liability Insurance for FY 2010 -2011, authorizing the
City Manager to ,execute a new Insurance Policy for Property,
General Liability, and Automobile Liability with Preferred
Government Insurance Trust; providing an effective date.
WHEREAS, it is the recommendation of the City Administration to obtain
coverage with the Preferred Government Insurance Trust for Property, General Liability,
and Automobile Insurance for FY 2010 -2011, and,
WHEREAS, the recommendation is currently based on the Proposal.
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 authorize the City Manager to
execute a new Insurance Policy for Property, General Liability, and Automobile Liability
with Preferred Government Insurance Trust;
Section 2. This resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED this 3_R_t1iday of SEpt , 2010.
ATTEST:
( a
.._
CITY CLE
READ AND APPROVED AS TO FORM
AND SUFFICJXN-)CY
APPROVED:
AA�
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 ^��^O�,strikin .
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