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HomeMy WebLinkAboutCRA-R-07-0042 Cover MemoSEOPW & Omni Board of Commissioners Meeting October 29. 2007 item # 2 SOUTHEAST OVERTOWN/PARK WEST AND OMNI COMMUNITY REDEVELOPMENT AGENCIES INTER -OFFICE MEMORANDUM Board Chair Michelle Spence -Jones Date: October 19, 2007 File: 07-01337 And Members of the CRA Board Subject: Ratification of Expenditure for Workers' Compensation Insurance From: James H. Villacorti)V 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 renewing the Worker's Compensation Insurance Policy for CRA employees with Preferred Governmental Insurance Trust (PGIT) in an amount of $7,976 for the period of October 1, 2007 to September 30, 2008. JUSTIFICATION: State law requires that the CRAs insure their employees for worker's compensation claims. 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 Executive Director's renewal of the policy in October of 2007 and will be in effect until September 30, 2008. FUNDING SOURCE $7,976 from General Operating Fund, Account No. 10030.920101.896000.0000.00000. entitled "Insurance -Liability." JHV/eh •