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HomeMy WebLinkAboutCRA-R-12-0062City of Miami Legislation CRA Resolution: CRA-R-12-0062 City Hall 3500 Pan American Drive Miami, FL 33133 www.miamigov.com File Number: 12-01051 Final Action Date: 9/24/2012 A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY 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/PUBLIC RISK INSURANCE AGENCY, IN AMOUNT NOT TO EXCEED $31,605; ALLOCATING FUNDING FROM SEOPW ADMINISTRATIVE BUDGET, ACCOUNT CODE NO. 10050.920101.545000.0000.00000. WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA") is responsible for carrying out community redevelopment activities and projects within its Redevelopment Area in accordance with its approved Redevelopment Plan; and WHEREAS, to ensure uninterrupted coverage, the SEOPW CRA will be required to renew its commercial general liability, property, and workers' compensation insurance, for an additional one-year period, through City of Miami's insurance broker, Brown & Brown of Florida, Inc./Public Risk Insurance Agency, effective October 1, 2012, at an annual cost not to exceed $31,605. WHEREAS, the Board of Commissioners wishes to authorize; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COMMISSIONERS OF THE SOUTHEAST OVERTOWN/PARK WEST 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. Funds to be allocated from SEOPW Administrative Budget, Account Code No. 10050.920101.545000.0000.00000. Section 3. The issuance of funds in the amount of $31,605, to the City of Miami's insurance broker, Brown & Brown of Florida, Inc./Public Risk Insurance Agency, for the renewal of the commercial general liability, property, and workers' compensation insurance, for an additional one-year period. Section 4. This resolution shall become effective immediately upon its adoption. City of Miami Page 1 of 2 File Id: 12-01051 (Version: 1) Printed On: 10/31/2022 File Number: 12-01051 Enactment Number: CRA-R-12-0062 City of Miami Page 2 of 2 File Id: 12-01051 (Version: 1) Printed On: 10/31/2022