HomeMy WebLinkAboutCRA-R-11-0049 10-24-2011 Cover MemoSEOPVV Board of Commissioners Meeting
October 24.2011
SOUTHEAST OVERTOVVN/PARKWEST
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Michelle Spence -Jones Dote: October 17.2011 File: 11-0004Q
and Members ofthe CRABoard
From: Pieter A. Bookwag
Executive Director
Subject: Renewal CRA'eCommercial General Liability,
Property, and Workers' Compensation
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References:
Enclosures: Legislation
BACKGROUND:
It is recommended that the Board of Commissioners of the Southeast Overtown/Park West Community
Redevelopment Agency ("CRA") approve and adopt the attached Resolution authorizing the nanexva| of the
CHA'soommeroia| general |iabUib/, property, and workers' compensation insurance ooverogo, for an additional
one-year period, through Brown &Brown of Florida, Inc., in on amount not toexceed Ten Thousand Seven
Hundred TwentyThreeDollars ($18.723).
The Board of Commissioners, by Resolution CHA-R-10'0085. passed and adopted on October 14. 2010.
authorized the execution ofon insurance agreement between the CRAand Brown @ Brown of Florida, Inc. for
the renewal of the CRA'a commercial general |iabi|ity, property, and workers' compensation insurance oovenyge,
for an additional one-year period' through Brown 8 Brown of Florida, Inc., in an amount not to exceed Ten
Thousand Seven Hundred Twenty Three Dollars ($10.723).
JUSTIFICATION:
Pursuant to Florida Statutes Chapter 163.356(3)(d)' the Board of Commissioners of the Southeast
{}vertown/ParkWest Community Redevelopment Agency may appropriate hothe CRA any amounts deemed
necessary for the administrative expenses and overhead of the agency. The CRA requires general liability,
property, and workers' compensation insurance coverage to carry out its operations.
Pursuant to Florida Statutes Chapter 163.370(2)(a). the CRA, through its Executive Direntnr, aho|| have the
power to make and execute contrantx, herein the insurance ogreemmnt, necessary to effectuate the purposes
and provisions of the Southeast Ovortown/Park West Community Redevelopment F`|on.
The renewal of general commercial |iobi||h/, property, and workers' compensation insurance will ensure
uninterrupted coverage.
This Resolution carries out these objectives.
FUNDING: $10.723 from SEOPVV General Operating Fund, Aoonurd Code No.
10030.920101.545000.0000.00000.