HomeMy WebLinkAboutCRA-R-12-0026 04-26-12 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
'Miami, FL 33133
www.miamigov.com
File Number: 12-00329 Final Action Date:
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY
RATIFYING THE RENEWAL OF COMMERCIAL GENERAL LIABILITY AND
PROPERTY INSURANCE COVERAGE FOR THE PROPERTY LOCATED AT 29
N.W. 13TH STREET, MIAMI, FLORIDA, THROUGH PAN AM ASSURANCE
AGENCY, INC., FORA ONE (1) YEAR PERIOD COMMENCING MARCH 29, 2012,
IN AN AMOUNT NOT TO EXCEED $67,000; ALLOCATING FUNDS FROM THE
OMNI GENERAL OPERATING FUND, "INSURANCE," ACCOUNT CODE NO.
10030.920101.545000.0000.00000.
WHEREAS, the Omni Redevelopment District Community Redevelopment Agency ("CRA") owns
the property located at 29 N.W. 13th Street, Miami, Florida ("Miami Entertainment Center"); and
WHEREAS, the CRA must purchase commercial general liability and property insurance coverage
to protect against loss and any other potential risk; and
WHEREAS, in 2011, the CRA solicited and received three quotes from area insurance brokers: (1)
Pan Am Assurance Agency, Inc.; (2) NSI Insurance Group; and (3) Brown & Brown of Florida, Inc.
The CRA selected the provider with the lowest quote, which was submitted by Pan Am Assurance,
Inc.; and
WHEREAS, the Board of Commissioners, by Resolution No. CRA-R-11-0019, passed and adopted
on March 28, 2011, authorized the purchase of general liability and property insurance coverage for
the property located at 29 N.W. 13th Street, Miami, Florida, through Pan Am Assurance Agency, Inc.,
for a one (1) year period commencing March 29, 2011, in an amount not to exceed $58,582; and
WHEREAS, the insurance premiums on vacant buildings have increased statewide and the current
rate represents the lowest received bid; and
WHEREAS, the Board of Commissioners wishes to authorize the renewal of commercial general
liability and property insurance coverage for the Miami Entertainment Center, through Pan Am
Assurance Agency, Inc., for a one (1) year period commencing March 29, 2012, in an amount not to
exceed $67,000;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE OMNI
REDEVELOPMENT DISTRICT COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF MIAMI,
FLORIDA:
Section 1. The recitals and findings contained in the Preamble to this Resolution are adopted by
reference and incorporated herein as if fully set forth in this Section.
Section 2. The renewal of commercial general liability and property insurance coverage for the
City of Miami Page 1 of2 File Id: 12-00329 (Version: 1) Printed On: 4/18/2012
File Number. 12-00329
property located at 29 Northwest Thirteenth Street, Miami, Florida, through Pan Am Assurance
Agency, Inc., for a one (1) period commencing March 29, 2012, in an amount not to exceed $67,000,
is authorized.
Section 3. Funds to be allocated from Omni General Operating Fund, "Insurance," Account Code
No. 10030.920101.545000.0000.00000.
Section 4. This resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND CORRECTNESS:
JULIE O. BRU-
GENERAL COUNSEL
City of Miami Page 2 of 2 File Id: 12-00329 (Version: 1) Printed On: 4/18/2012