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HomeMy WebLinkAboutSummary FormAGENDA ITEM SUMMARY FORM FILE ID: Date: 3/8/2013 Commission Meeting Date: 3/28/2013 /3 V Z T7 Requesting Department: Risk Management District Impacted: ALL Type: ® Resolution n Ordinance n Emergency Ordinance n Discussion Item ❑ Other Subject: Authorization to piggyback City of West Palm Beach Contract No. 12-13-302 for the provision of Insurance Brokerage Services. Purpose of Item: Law Department Matter ID No. The nature of this item is to establish a resolution authorizing the procurement of insurance brokerage services, from Risk Management Associates, Inc. d/b/a Public Risk Insurance Agency, a wholly owned subsidiary of Brown & Brown, Inc., on an as needed contractual basis to be utilized by the Department of Risk Management, under existing City of West Palm Beach Contract No. 12-13-302, effective through January 31, 2016, subject to any extensions and/or replacement contracts by the City of West Palm Beach. Allocating funds from the various sources of funds from the user department, subject to availability of funds and budgetary approval at the time of need. Background Information: This resolution will authorize the piggyback and use of the City of West Palm Beach Contract No. 12- 13-302 for Insurance Brokerage Services, on an as needed contractual basis, subject to any extensions and/or replacement contracts by the City of West Palm Beach. Annual contracted brokerage fees total $85,000.00. Budget Impact Analysis NO Is this item related to revenue? YES Is this item an expenditure? If so, please identify funding source below. General Account No: as required by Department t S° © ' 3 0I co I 53 I coo Special Revenue Account No: N/A CIP Project No: N/A NO Is this item funded by Homeland Defense/Neighborhood Improvement Bonds? Start Up Capital Cost: N/A Maintenance Cost: N/A Total Fiscal Impact: N/A Final Approvals._..__ (SIGN AND DATES I % ;•� �-, "� CIP Budget �� /1Q,< 401i 113 If using or receiving capital funds • Grants Risk Management Purchasing r L� / 7 pt. Director Chief / 1�� City Manager Page l of 1