HomeMy WebLinkAboutCRA-R-07-0029 memo (2)SEOPW & Omni Boards of Commissioners Meeting
July 30, 2007
Item # 8
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones
and Members of the CRA Board
From: James H. Villacort
Executive Director
Date: July 20, 2007 File: 07-00800
Subject: Ratification of Renewal of CRAs' Property and
General Liability Insurance Policy
References:
Enclosures: Supporting Documentation and
Legislation
BACKGROUND:
The attached resolution ratifies the Executive Director's actions in renewing the Southeast Overtown/Park West
and Omni Redevelopment District Community Redevelopment Agencies' property and commercial general
liability insurance policy. This policy covers the contents of the CRA offices at 49 N.W. 5th Street, Suite 100,
including furniture and computer equipment.
JUSTIFICATION:
The property and commercial general liability insurance policy for the redevelopment agencies was set to expire
on June 23, 2007. To ensure uninterrupted coverage, the existing policy was renewed through the City of
Miami's broker, Brown & Brown Insurance, for the period of June 23, 2007 through June 23, 2008 at a cost not
to exceed $5,982.15.
FUNDING SOURCE: $5,982.15 General Operating Fund, "Insurance," Account Code No.
10030.920101.545000.0000.00000.
JHV/eh
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