HomeMy WebLinkAboutCRA-R-08-0027 Cover MemoSEOPW & Omni Board of Commissioners Meeting
May 19, 2008
Item # 2
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. Villacorta {'
Executive Director..
Date: May 09, 2008 File: 08-00548
Subject: Resolution Authorization Purchase of
Liability Insurance
References:
Enclosures: Supporting Documentation:
Legislation
BACKGROUND:
The attached joint Resolution of the Southeast Overtown/Park West and Omni Redevelopment District
Community Redevelopment Agencies authorizes the purchase of commercial general liability and miscellaneous
property insurance for the CRAs. The property portion of the policy covers the contents of the CRA offices at 49
N.W. 5' Street, Suite 100, including furniture and computer equipment.
JUSTIFICATION:
The property and commercial genera! liability insurance policy of the redevelopment agencies is due to expire
on June 23, 2008. To ensure uninterrupted coverage, the existing policy will be renewed through the City of
Miami's broker, Brown & Brown of Florida, Inc., for the period beginning June 24, 2008 through June 23, 2009 at
a cost not to exceed $6,500.
FUNDING SOURCE: $6,500. General Operating Fund entitled "Insurance", Account No.
10030.920101.545000,0000.00000.
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