HomeMy WebLinkAboutCRA-R-11-0055 10-24-2011 Cover MemoOmni Board of Commissioners Meeting
October 24, 2011
OMNI REDEVELOPMENT DISTRICT
COMMUNITY REDEVELOPMENT AGENCY
INTER -OFFICE MEMORANDUM
To: Board Chair Marc D. Sarnoff Date: October 17, 2011 File: 11-00964
and Members of the CRA Board
From: Pieter A. Bockweg
Executive Director
Subject: Renewal CRA's Commercial General Liability,
Property, and Workers' Compensation
Insurance
References:
Enclosures: 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 renewal of the
CRA's commercial general liability, property, and workers' compensation insurance coverage, for an additional
one-year period, through Brown & Brown of Florida, Inc., in an amount not to exceed Ten Thousand Seven
Hundred Twenty Three Dollars ($10,723).
The Board of Commissioners, by Resolution CRA-R-10-0085, passed and adopted on October 14, 2010,
authorized the execution of an insurance agreement between the CRA and Brown & Brown of Florida, Inc. for
the renewal of the CRA's commercial general liability, property, and workers' compensation insurance coverage,
for an additional one-year period, through Brown & 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 Omni Redevelopment
District Community Redevelopment Agency may appropriate to the 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 Director, shall have the
power to make and execute contracts, herein the insurance agreement, necessary to effectuate the purposes
and provisions of the Omni Redevelopment District Community Redevelopment Agency Plan.
The renewal of general commercial liability, property, and workers' compensation insurance will ensure
uninterrupted coverage.
This Resolution carries out these objectives.
FUNDING: $10,723 from OMNI General Operating Fund, Account Code No.
10030.920101.545000.0000.00000.