HomeMy WebLinkAboutCRA-R-11-0019 03-28-2011 Cover MemoOmni Board of Commissioners Meeting
March 28, 2011
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Date: March 18, 2011 File: 11-00265
Subject: Miami Skill Center Commercial General
Liability and Property Insurance Coverage
References:
Enclosures: Supporting Documentation; Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Omni Redevelopment District Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the purchase of
commercial general liability and property insurance coverage for the property located at 29 N.W. 13th Street,
Miami, Florida ("Miami Skill Center"), through Pan Am Assurance Agency, Inc., for a one (1) year period
commencing March 29, 2011, in an amount not to exceed $55,000.
The CRA solicited and received three quotes from area insurance brokers: (1) Pan Am Assurance Agency,
Inc. - $54,139; (2) NSI Insurance Group - $56,945.41; and (3) Brown & Brown of Florida, Inc. - $95,504.
The CRA has selected the provider with the lowest quote.
JUSTIFICATION:
The CRA must purchase commercial general liability and property insurance coverage to protect against loss
and any other potential risk.
FUNDING: Reallocating $55,000 from Omni General Operating Fund, "Budget Reserve," Account Code No.
10030.320101.896000.0000.00000 to Omni General Operating Fund, "Insurance," Account Code No.
10030.920101.545000.0000.00000.