HomeMy WebLinkAbout033449 RES - 09/03/2024Resolution authorizing payment of $994,688 for the annual renewal of
Excess Liability and Workers' Compensation insurance coverage
through Broker of Record, Acrisure LLC, dba Carlisle Insurance, for
upcoming policy year October 1, 2024 — September 30, 2025.
WHEREAS, the City utilizes its broker of record to obtain excess liability insurance
and excess workers' compensation insurance for protection of the public health or safety
of the municipality's residents;
WHEREAS, the current coverages are subject to renewal as of September 30,
2024;
WHEREAS, State law provides that such procurements, as outlined above, are
subject to statutory procurement requirements, including competitive bids, unless an
exception applies;
WHEREAS, the City Council finds that this procurement of excess liability and
excess workers' compensation insurance qualifies as an exception to competitive bidding
under Local Government Code, Section 252.022(a)(2), as this procurement is necessary
to preserve or protect the public health or safety of the municipality's residents; and
WHEREAS, the City Council also finds that this procurement is authorized
pursuant to Texas Local Government Code Section 252.024, which authorizes a sole
broker of record to procure necessary coverages for insurance.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CORPUS CHRISTI,
TEXAS, THAT:
Section 1. The City Council specifically finds that the foregoing statements included in
the preamble of this resolution are true and correct and adopts such findings for all intents
and purposes related to the authorization of this procurement.
Section 2. The City Manager or designee is authorized to execute all documents
necessary to obtain excess liability and excess workers' compensation insurance
coverages, through City's Broker of Record Acrisure LLC, dba Carlisle Insurance, for
upcoming policy year October 1, 2024, through September 30, 2025, in exchange for
annual premium in the amount not to exceed $994,688.
nd APPR• ED on the day of ,fVZ , 2024.
Pau ette Guajardo, ayor
ATTEST:
ecca Huerta,'City Secretary
033449
SCANNED
CITY OF CORPUS CHRISTI
CERTIFICATION OF FUNDS
(City Charter Article IV, Sections 7 & 8)
I, the Director of Financial Services of the City of Corpus Christi, Texas (or his/her duly authorized
representative), hereby certify to the City Council and other appropriate officers that the money required
for the current fiscal year's portion of the contract, agreement, obligation or expenditure described
below is in the Treasury to the credit of the Fund specified below, from which it is to be drawn, and has
not been appropriated for any other purpose. Future payments are subject to annual appropriation
by the City Council.
City Council Action Date: Legistar Number: 24-1274
09/03/2024
Agenda Item:
Resolution authorizing payment of $994,688 for the annual renewal of Excess Liability and
Excess Worker's Compensation insurance through Broker of Record, Acrisure LLC, dba
Carlisle Insurance. Funding will be FY24.
Amount Required: $994,688
Fund Name
Accounting Unit
Accoount
N.
Activity No.
Amount
Liab/EB Liab — Fd 5611
5611-40520-054
537030
$566,766
Liab/EB WC — Fd 5612
5612-40510-054
537030
$427,922
Total
$994,688
X Certification Not Required
Director of Financial Services
Date: 1- 4-.1U21