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222 3 4 5 6 7 8 9 10 11 12 1.3 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 RESOLUTION NO. A resolution of the Mayor and City Commission of the City of South Miami, Florida, relating to boards and committees; creating an Insurance Advisory Committee in order to analyze the cost effectiveness and efficiency of all City insurance policies; providing an effective date. WHEREAS, the City of South Miami has numerous insurance policies as do other municipal corporations; and WHEREAS, a review of our current insurance policies reveals that in many cases the City is over charged for insurance premiums; and WHEREAS, because of the current economic situation, the City requires more efficient streamlined cost - effective insurance policies to serve the best interests of the taxpayers and citizens of the City of South Miami; and WHEREAS, glaring examples under insurance coverage often come to light, such as the example of the South Miami Community Redevelopment Agency (SMCRA) having a $500,000 liability policy, whereas in said policy there is no mention of the City of South Miami as a loss payee. It is verily believed that adding the City of South Miami as an additional loss payee as an additional policy can be accomplished with any additional premiums; and WHEREAS, it is necessary and proper to establish an Insurance Advisory Committee to analyze the cost effectiveness and efficiency of all City of South Miami insurance policies and to recommend to the City Commission an insurance program that is cost effective and efficient. WHEREAS, pursuant to Article II section 8 of the charter, as amended on February 9, 2010, when a board or committee has less than five (5) members, then the selection of all members shall be by three (3) affirmative votes of the City Commission from recommendations submitted by any City Commissioner. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND TIIE CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AS FOLLOWS: Section 1. The City Commission hereby creates an Insurance Advisory Committee to analyze the cost effectiveness and efficiency of all City of South Miami insurance policies and to recommend to the City Commission an insurance program that is cost effective and efficient. Additions shown by underlining and deletions shown by everatfiliingg. I Section 2. The Committee shall consist of three (3) residents of Miami -Dade 2 County who are proficient in the field on insurance. 3 4 Section 3. The policies and recommendations of said Insurance Advisory 5 Committee shall be established by a majority vote of the three (3) members of the 6 Committee. Said policies and recommendations are to be submitted to the City 7 Commission at least once a year, and/or as often as the Committee deems it necessary to 8 recommend and review all insurance options available to the City of South Miami, 9 included but not limited to self-insurance. 10 11 Section 4. The Committee shall function on an advisory capacity only. 12 13 Section 5. The Committee members shall serve a two -year term and without 14 compensation; provided, however, the City will reimburse expenses incurred. 15 16 Section 6. Meetings of the Insurance Advisory Committee shall be subject to 17 the Florida Sunshine laws, including the public meeting law and the public records law. 18 All meetings of the group shall be advertised in a conspicuous place at City Hall and 19 open to the public. 20 Section 4. This resolution shall take effect immediately upon approval. 21 PASSED and ADOPTED this—day of 22 23 ATTEST: 24 25 26 27 CITY CLERK 28 29 30 31 READ AND APPROVED AS TO FORM 32 AND SUFFICIENCY: 33 34 35 36 CITY ATTORNEY 37 38 39 40 41 42 WAMy Documents \resolutions \Resolution creating insurance advisory committee.doc Page 2 of 2 2010. APPROVED: MAYOR COMMISSION VOTE: Mayor Stoddard: Vice Mayor Newman: Commissioner Palmer: Commissioner Beasley: Commissioner Harris: RESOLUTION NO. A resolution of the Mayor and City Commission of the City of South Miami, Florida, relating to boards and committees; creating an Insurance Advisory Committee in order to analyze the cost effectiveness and efficiency of all City insurance policies; providing an effective date. WHEREAS, the City of South Miami has numerous insurance policies as do other municipal corporations; and WHEREAS, a review of our current insurance policies reveals that in many cases the City is over charged for insurance premiums; and WHEREAS, because of the current economic situation, the City requires more efficient streamlined cost - effective insurance policies to serve the best interests of the taxpayers and citizens of the City of South Miami; and WHEREAS, glaring examples under insurance coverage often come to light, such as the example of the South Miami Community Redevelopment Agency (SMCRA) having a $500,000 liability policy, whereas in said policy there is no mention of the City of South Miami as a loss payee,. It is verily believed that adding the City of South Miami as an additional loss payee as an additional policy can be accomplished with any additional premiums; and WHEREAS, it is necessary and proper to establish an Insurance Advisory Committee to analyze the cost effectiveness and efficiency of all City of South Miami insurance policies and to recommend to the City Commission an insurance program that is cost effective and efficient. WHEREAS, pursuant to Article Il section 8 of the charter, as amended on February 9, 2010, when a board or committee has less than five (5) members, then the selection of all members shall be by three (3) affirmative votes of the City Commission from recommendations submitted by any City Commissioner. NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND THE CITY COMMISSION OF THE CITY OF SOUTH MIAMI, FLORIDA, AS FOLLOWS: Section 1. The City Commission hereby creates an Insurance Advisory Committee to analyze the cost effectiveness and efficiency of all City of South Miami insurance policies and to recommend to the City Commission an insurance program that is cost effective and efficient. Additions shown by underlining and deletions shown by oversaikin . Section 2. The Committee shall consist of three (3) residents of Miami -Dade County who are proficient in the field on insurance. Section 3. The policies and recommendations of said Insurance Advisory Committee shall be established by a majority vote of the three (3) members of the Committee. Said policies and recommendations are to be submitted to the City Commission at least once a year, and/or as often as the Committee deems it necessary to recommend and review all insurance options available to the City of South Miami, included but not limited to self-insurance. Section 4. The Committee shall function on an advisory capacity only. Section 5. The Committee members shall serve a two -year term and without compensation; provided, however, the City will reimburse expenses incurred. Section 6. Meetings of the Insurance Advisory Committee shall be subject to the Florida Sunshine laws, including the public meeting law and the public records law. All meetings of the group shall be advertised in a conspicuous place at City Hall and open to the public. Section 4. This resolution shall take effect immediately upon approval. PASSED and ADOPTED thisday of _,2010. ATTEST: APPROVED: CITY CLERK READ AND APPROVED AS TO FORM AND SUFFICIENCY: CITY ATTORNEY W:Ny Docmnents \resolutions \Resolution creating insurance advisory committee.doc Page 2 of 2 MAYOR COMMISSION VOTE: Mayor Stoddard: Vice Mayor Newman: Commissioner Palmer: Commissioner Beasley: Commissioner Harris: