HomeMy WebLinkAboutCRA-R-15-0037 LegislationCity of Miami
Legislation
CRA Resolution
City Hall
3500 Pan American
Drive
Miami, FL 33133
www.miamigov.com
File Number: 15-01151
Final Action Date;
A RESOLUTION OF THE BOARD OF COMMISSIONERS OF THE SOUTHEAST
OVERTOWN/PARK WEST COMMUNITY REDEVELOPMENT AGENCY ("CRA")
AUTHORIZING THE RENEWAL OF THE CRA'S COMMERCIAL GENERAL
LIABILITY, PROPERTY, AND WORKERS' COMPENSATION INSURANCE
COVERAGE, FOR AN ADDITIONAL ONE-YEAR PERIOD, WITH RISK
MANAGEMENT ASSOCIATES, INC. DIBIA PUBLIC RISK INSURANCE AGENCY, IN
AN AMOUNT NOT TO EXCEED $109,486; ALLOCATING FUNDING FROM SEOPW
ENTITLED "GENERAL OPERATING FUND", ACCOUNT CODE NO.
10050.920101.545000.0000.00000.
WHEREAS, the Southeast Overtown/Park West Community Redevelopment Agency ("CRA")
is a community redevelopment agency created pursuant to Chapter 163, Florida Statutes, and is
responsible for carrying out community redevelopment activities and projects within its Redevelopment
Area in accordance with the 2009 Southeast Overtown/Park West Redevelopment Plan ("Plan"); and
WHEREAS, pursuant to Florida Statutes Chapter 163.356(3)(d), the CRA may appropriate
funding necessary for the administrative expenses the CRA; and
WHEREAS, the CRA requires general liability, property, and workers' compensation insurance
coverage to carry out its operations; and
WHEREAS, to ensure uninterrupted coverage, the CRA will be required to renew its
commercial general liability, property, and workers' compensation insurance, for an additional one-year
period, through Risk Management Associations, Inc. d/b/a Public Risk Insurance Agency; and
WHEREAS, the Board of Commissioners wishes to authorize the renewal of the CRA's
combined insurance coverage, in an amount not to exceed $109,486;
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. The Board of Commissioners hereby authorizes the renewal of the CRA's
commercial general liability, property and workers' compensation insurance coverage, for an additional
one-year period, with Risk Management Associations, Inc. dlbla Public Risk Insurance Agency in an
amount not to exceed $109,486.
Section 3. The Executive Director is authorized to execute all documents necessary for the
purposes set forth above.
City of Miamni. Page 1 of 2 File Id: 15-01151 (Version: 1) Printed On: 9/10/2015
File Number.: 15-01151
Section 4, Funds are to be allocated from SEOPW Tax Increment Fund, entitled "General
Operating Fund," Account Code No. 10050.920101.545000.0000.00000.
Section 5. This Resolution shall become effective immediately upon its adoption.
APPROVED AS TO FORM AND LEGAL SUFFICIENCY:
RENEE A. JADUSINc H
STAFF COUNSEL
City of Miami
Page 2 of 2 File Id: 15-01151 (Version: 1) Printed On: 9/9/2015