STRATEGIC PRIORITY: Fiscally Sound
AGENDA DATE: March 26, 2025
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Risk Management
EXECUTIVE: Jack Ireland
______________________________________________________________________
SUBJECT
Title
Authorize the City’s contracted broker of record, McGriff Insurance Services, LLC, to purchase an auto property damage/catastrophic fleet damage insurance policy with as-needed coverage for the period of April 15, 2025, to April 14, 2026 - Not to exceed $1,587,591.00 - Financing: Risk Management Fund
Body
BACKGROUND
This insurance policy will provide coverage for city-owned vehicles valued at $100,000.00 or greater. The quote was received after the FY 2024-25 budget was approved.
PRIOR ACTION/REVIEW (COUNCIL, BOARDS, COMMISSIONS)
This item has no prior action.
FISCAL INFORMATION
|
Fund |
FY 2025 |
FY 2026 |
Future Years |
|
Risk Management Fund |
$1,587,891.00 |
$0.00 |
$0.00 |
OWNER/EXECUTIVES
McGriff Insurance Services, Inc.
Read Davis, President
Doug Hodo, Vice President