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HomeMy WebLinkAboutCRA-R-12-0062 09-24-2012 Cover MemoSEOPW Board of Commissioners Meeting September 24, 2012 SOUTHEAST OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY INTER -OFFICE MEMORANDUM To: Board Chair Michelle Spence -Jones Date: September 14, 2012 File: 12-01051 and Members of the CRA Board Subject: Resolution Authorizing the Renewal of the CRA's Commercial General Liability, Property, and Workers' Compensation Insurance Coverage for an Additional One - Year Period. From: Clarence E. Woods, III A' References: Executive Director Enclosures: Supporting Documentation; 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 renewal of the CRA's commercial liability, property, and workers' compensation insurance coverage for an additional one-year period through Brown & Brown of Florida, Inc. / Public Risk Insurance Agency in an amount not to exceed $31,605. JUSTIFICATION: The renewal of general liability insurance, property, and workers' compensation insurance will insure uninterrupted coverage. FUNDING: Funds to be allocated from SEOPW Tax Increment Fund, "Insurance," Account Code No. 10050.920101.545000.0000.00000.