HomeMy WebLinkAboutCRA-R-06-0026 Cover MemoSEOPW & Omni Board of Commissioners Meeting
July 31, 2006
Item#6
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
Board Chair Michelle Spence -Jones
and Members of the CRA Board
Date: July 21, 2006 File 06-01125
Subject. Ratification of Property
Insurance Policy
From: Frank . Rollason References:
Executive Director
Enclosures: Supporting Documentation;
Legislation
RECOMMENDATON:
It is recommended that the Board of Commissioners for both the Omni and Southeast Overtown! Park West
Community Redevelopment Agencies (SEOPW CRAs) approve and adopt the attached Resolution ratifying
the action taken by the Executive Director in renewing the annual Property Insurance and 24-Hour
Entertainment District Refuse Collection Lot Policy through the City of Miami's Insurance Broker, Brown and
Brown, at a cost of $9,564.56.
JUSTIFICATION:
The annual policy for the Omni and SEOPW CRA insurance was set to expire on June 23, 2006. We
renewed the existing policy through Brown and Brown for the time period of June 23, 2006 through une 23,
2007 at a cost of $9,564.56. This policy covers the contents of the CRA offices located at 49 NW 5th Street,
Suite 100, to include furniture and computer equipment.
FUNDING SOURCE: $9,564.56 from General Operating Tax increment Fund (TIF) Account No.
689004.550011.6.650 entitled "Insurance Liability".
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