HomeMy WebLinkAbout032086 RES - 04/14/2020 Resolution authorizing renewal of property insurance, including All
Risk, Flood, Named Storm, Wind/Hail, Earthquake, and Equipment
Breakdown insurance, through Carlisle Insurance Agency, Broker of
Record, for upcoming policy year (May 5, 2020 — May 5, 2021) in
exchange for annual premium of $2,886,298.95.
WHEREAS, the City utilizes its broker of record to obtain property insurance
including All Risk, Flood, Named Storm, Wind/Hail, Earthquake, and Equipment
Breakdown insurance for protection of the public health or safety of the municipality's
residents;
WHEREAS, the current coverages are subject to renewal as of May 5, 2020;
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 property 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 renew property insurance, including All Risk, Flood, Named Storm,
Wind/Hail, Earthquake, and Equipment Breakdown insurance, through City's Broker of
Record Carlisle Insurance Agency for upcoming policy year (May 5, 2020 through May 5,
2021) in exchange for annual premium in the amount of $2,886,298.95.
ATTEST: CITY OF CORPUS CHRISTI
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Re ecca Huerta Joe r cComb
City Secretary Mayr
Page 1 of 2
032086 SCANNED
Corpus Christi, Texas
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The above resolution was passed by the following vote:
Joe McComb X.,)(
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Roland Barrera
Rudy Garza AL-k
Paulette M. Guajardo
Gil Hernandez
Michael Hunter P\b15-0.\(\5J\
Ben Molina
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Everett Roy
Greg Smith
ATTEST: CITY OF CORPUS CHRISTI
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City Secretary M
Page 2 of 2
032.086
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: 20-0356
April 14, 2020
Agenda Item:
Resolution authorizing renewal of property insurance, including All Risk, Flood, Named
Storm, Wind/Hail, Earthquake, and Equipment Breakdown insurance, through Carlisle
Insurance Agency, Broker of Record, for upcoming policy year (May 5, 2020 — May 5,
2021) in exchange for annual premium of$2,886,298.95.
Amount Required: (Amount to be Certified) $1.178.243
Fund Name Accounting Unit Account No. Activity No. Amount
Business Job Dev Fund 1140-13826-734 537090 $ 5,383
Business Job Dev Fund 1140-13826-734 537095 $ 18,660
Business Job Dev Fund 1140-13826-734 537420 $ 11,842
Liab/EB Liab Fund 5611-40520-005 537090 $ 152,289
Liab/EB Liab Fund 5611-40520-005 537095 $ 527,935
Liab/EB Liab Fund 5611-40520-005 537420 $ 335,036
Visitor Facility Fund 4710-13625-734 537090 $ 10,486
Visitor Facility Fund 4710-13625-734 537095 $ 36,350
Visitor Facility Fund 4710-13625-734 537420 $ 23,068
Visitor Facility Fund 4710-13600-734 537090 $ 8,579
Visitor Facility Fund 4710-13600-734 537095 $ 29,741
Visitor Facility Fund 4710-13600-734 537420 $ 18,874
Total $ 1,178,243
❑ Certification Not Required
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Director of Financial Services
Date: i l V-+(c)W-0