HomeMy WebLinkAboutCRA-R-06-0041 Cover Memo•
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SEOPW & Omni Board of Commissioners Meeting
October 30, 2006
Item # 5
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: October 20, 2006 File: 06-01719
And Members of the CRA Board
Subject: Ratification of Additional Expenditure for
2006 Workers' Compensation Insurance
From: James H. Villacorta, References:
Executive Director
Enclosures: Supporting Documentation;
Legislation
RECOMMENDATION:
It is recommended that the Boards of Commissioners of the Southeast Overtown/Park West and Omni
Community Redevelopment Agencies (CRAs) approve the attached Joint Resolution ratifying the actions of
the Executive Director in paying the additional amount of $4,600, to Preferred Governmental Insurance
Trust for workers' compensation insurance coverage for the period commencing October 1, 2005 and
ending September 30, 2006.
JUSTIFICATION:
State law requires that the CRAs insure their employees for worker's compensation claims. The premium
quoted is subject to a year-end audit of the CRAs' payroll and job classifications. The year-end audit for
October 2005 to September 2006 determined an additional premium of $4,600 was owed primarily due to
the reclassification of the CRAs' project manager and project inspector. This resolution ratifies the
Executive Director's payment of the additional premium due.
FUNDING SOURCE: $4,600 from General Operating Fund, "Insurance Liability," Account Code No.
689004.550011.6.650.
JHV/eh