HomeMy WebLinkAbout032414 RES - 04/20/2021Resolution 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, 2021 — May 4, 2022) in
exchange for annual premium of $3,526,444.
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, 2021;
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 252.024, 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:
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 (subject to changes in listed properties), including
All Risk, Flood, Named Storm, Wind/Hail, Earthquake, and Equipment Breakdown
insurance, through the City's Broker of Record, Carlisle Insurance Agency, for the
upcoming policy year (May 5, 2021 through May 4, 2022) in exchange for an annual
premium in the amount of $3,526,444.
ATTEST:
R- •ecca Huerta
City Secretary
C ' Y OF CORPUS CHRISTI
(//1" d/t (-4D
Paulette M. Guaardo V
Guajardo
Mayor
032414
Page 1 of 2
SCANNED
Corpus Christi, Texas
- day of Apr\ ,20
The above resolution was passed by the following vote:
Paulette M. Guajardo
Roland Barrera
Billy Lerma
John Martinez
Gil Hernandez
Michael Hunter
Ben Molina
Mike Pusley
Greg Smith
Acf-
At-A
0,140-
ATTEST:
,1 -
ATTEST: f1TY OF CORPUS CHRISTI
Qizeed--
Rebecca Huerta
City Secretary
aulette uajardo
Mayor
03241
Page 2 of 2
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: 21-0400
April 20, 2021
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, 2021 — May 4,
2022) in exchange for annual premium of $3,526,444.
Amount Required: $ 1.470.426.00
Fund Name
Accounting Unit
Account No.
Activity No.
Amount
Business Job Dev Fund
1140-13826-734
537090
$ 9,792.00
Business Job Dev Fund
1140-13826-734
537095
$ 33,944.00
Business Job Dev Fund
1140-13826-734
537420
$ 21,541.00
Liab/EB Liab Fund
5611-40520-005
537090
$ 183,656.00
Liab/EB Liab Fund
5611-40520-005
537095
$ 636,673.00
Liab/EB Liab Fund
5611-40520-005
537420
$ 404,042.00
Visitor Facility Fund
4710-13625-734
537090
$ 14,914.00
Visitor Facility Fund
4710-13625-734
537095
$ 51,702.00
Visitor Facility Fund
4710-13625-734
537420
$ 32,811.00
Visitor Facility Fund
4710-13600-734
537090
$ 12,203.00
Visitor Facility Fund
4710-13600-734
537095
$ 42,302.00
Visitor Facility Fund
4710-13600-734
537420
$ 26,846.00
Total
$ 1,470,426.00
❑ Certification Not Required
Directo of Financial Services
Date: 'cj