HomeMy WebLinkAboutsummary formAGENDA ITEM SUMMARY FORM
FILE ID: 0 5-00 130
Date: 2/1/2005 Requesting Department: Risk Management
Commission Meeting Date: 2/24/2005 District Impacted: All
Type: ® Resolution E Ordinance ❑ Emergency Ordinance ❑ Discussion Item
❑ Other
Subject: Contract Amendment and Extension
Purpose of Item:
To continue the services of Brown and Brown, Inc., the City's insurance brokers, by amending and
extending the current contract for the provision of Insurance Brokerage Services, for the Department
of Risk Management.
Background Information:
The City issued RFLI 02-03-032 for Insurance Brokerage Services for the management of the City's
insurance and self -funded programs. The RFLI authorized a contract for one (1) year, with the option
to extend for 4 additional 1 year period. The City Commission, however, via Reso. 03-515, approved
the recommendation and authorized the City to execute a professional services agreement with Brown.
and Brown, Inc. for 1 year, with the option to extend for 1 additional year. This approved contract will
expire on 2/ 27/ 2005. As allowed by the RFLI , Risk Management seeks to amend and extend the
contract for 1 year, with the option to extend same for 1 additional year. Through this Broker the Ci.ty
has increased its coverage while realizing premium cost savings at a reasonable service fee.
4
Budget Impact Analysis
NO Is this item related to revenue?
YES Is this item an expenditure? If so, please identify funding source below.
General Account No: 515001.624401.6340.6
Special Revenue Account No:
CIP Project No:
NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds?
Start Up Capital Cost:
Maintenance Cost:
Total Fiscal Impact:
$ 110,000.00
Final Approvals
(SIGN AND DATE)
CIP Budget
If using or receiving capital funds
Grants Risk Man
Purchasing Dept. Director
C of City Manager
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