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HomeMy WebLinkAboutCRA-R-06-0004 Cover MemoSEOPW & Omni Board of Directors Meeting January 30, 2006 Item # 7 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM T Chairman Johnny L. Winton and Members of the CRA Board Date: January 20, 2006 File: 06-00096 Subjer Ratification of Expenditure for Workers' Compensation Insurance From: Fran 1 K. Rollason References: Executive Director Enclosures Supporting Documentation; Legislation RECOMMENDATION: It is recommended that the Board of Directors for both the Southeast Overtown/Park West (SEOPW) and Omni Community Redevelopment Agencies (CRAs) approve the attached Joint Resolution ratifying the actions taken by the Executive Director in renewing the Worker's Compensation Policy for CRA employees with Preferred Governmental Insurance Trust (PGIT) in an amount of $5,594.00 for the period of October 1, 2005 to October 1, 2006. JUSTIFICATION: State law requires that our agencies insure our employees for Worker's Compensation. PGIT was obtained to provide this service for both CRAs through the City of Miami's Insurance Agent Brown and Brown beginning in 2004. This action ratifies the renewal of this policy by the Executive Director in October of 2005 and will be in effect until October 1, 2006. FUNDING SOURCE: $5,594.00 from General Operations TIF Account No_ 689004.550011.6,650 entitled "Insurance -Liability". FKRJeh