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HomeMy WebLinkAbout033755 RES - 09/09/2025Paulette Guajardo, ayor Resolution authorizing payment of $1,059,799 for the annual renewal of Excess Liability and Workers' Compensation policy through Broker of Record, Acrisure LLC, dba Carlisle Insurance, for the upcoming policy year, October 1, 2025 — September 30, 2026. WHEREAS, the City utilizes its broker of record to obtain excess liability insurance and excess workers' compensation insurance for the protection of the public health or safety of the municipality's residents; WHEREAS, the current coverages are subject to renewal as of September 30, 2025; 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 252.02, 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: 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 the upcoming policy year, October 1, 2025, through September 30, 2026, in exchange for annual premium in the amount not to exceed $1,059,719,/9. � PASSED and APPROVED on the Tday of1`,Y&f , 2025. ATT ST: Re a ca Huerta, Ci y ecretary Page 1 of 1 033755 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: 09/09/2025 Agenda Item: Legistar Number: 00-0000 Resolution authorizing payment of $1,059,799 for the annual renewal of Excess Liability and Excess Worker's Compensation insurance through Acrisure LLC dba Carlisle Insurance. Funding will be FY2 Amount Required: 059 799 Fund Name Accounting Unit AcNoount Activity No. Amount Liab/EB Liab — Fd 5611 5611-40520-054 537030 $577,472 Liab/EB WC — Fd 5612 5612-40510-054 5 ^,�7-0( %Ji11(, fk,rfki $482,327 I% Total $1,059,799 X Certification Not Required Director of Financial Services Date: 9- 1J.) S