HomeMy WebLinkAboutCRA-R-09-0037 Cover MemoSEOPW & Omni Boards of Commissioners Meeting
June 29, 2009
Item # 2
SOUTHEAST OVERTOWN/PARK WEST
AND OMNI
COMMUNITY REDEVELOPMENT AGENCIES
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Date: June 19, 2009 File: 09-00737
and Members of the CRA Board
Subject: Joint Resolution Ratifying Renewal of
CRAs' Property and General Liability
Insurance Policy.
From: James H. Villacortaf'{/✓ References:
Executive Directo
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Boards of Commissioners of the Southeast Overtown/Park West and Omni
Redevelopment District Community Redevelopment Agencies ("CRAs") approve and adopt the attached Joint
Resolution ratifying the purchase of commercial general liability and property insurance for the CRAs. The
property portion of the policy covers the contents of the CRA offices at 49 N.W. 5th Street, Suite 100, Miami,
Honda, including furniture and equipment and the property at 1201-1221 N.W. 3rd Avenue, Miami, Florida.
JUSTIFICATION:
The property and commercial general liability insurance policy for the redevelopment agencies was set to expire
on June 23, 2009. To ensure uninterrupted coverage, the existing policy was renewed through the City of
Miami's broker, Brown & Brown of Florida, Inc., for the period of June 24, 2009 through June 23, 2010, at a cost
not to exceed $8,000.
FUNDING: $8,000 from General Operating Fund, "Insurance," Account Code No.
10030.920101.545000.0000.00000.
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