R2019-89 Property & Casualty Insurance with PRMRESOLUTION 2019-89
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, ACCEPTING A PROPOSAL FROM
PUBLIC RISK MANAGEMENT OF FLORIDA TO PROVIDE PROPERTY
AND CASUALTY INSURANCE FOR THE VILLAGE AND AUTHORIZING
VILLAGE ADMINISTRATION TO TAKE ALL ACTIONS NECESSARY TO
IMPLEMENT SUCH COVERAGE; PROVIDING FOR CONFLICTS; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Village is currently a member of the Public Risk Management of Florida risk
management and self-insurance pool for property and casualty coverage; and
WHEREAS, Village Staff recommended accepting the proposal from Public Risk Management
of Florida to renew its property and casualty insurance program for two years (at the same rate
for each year) through Fiscal Year 2021; and
WHEREAS, the Village Council determines that the adoption of this Resolution in the best
interests of the Village and its residents.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF NORTH PALM
BEACH, FLORIDA as follows:
Section 1. The foregoing recitals are hereby ratified and incorporated herein.
Section 2. The Village Council hereby accepts the proposal submitted by Public Risk
Management of Florida ("PRM") to provide property and casualty insurance to the Village
through Fiscal Year 2021 at a total estimated annual cost (including the new Country Club
clubhouse) of $356,956.00. The Village further authorizes Village Administration to take all
actions necessary to implement such coverage.
Section 3. All resolutions or parts of resolutions in conflict herewith are hereby repealed to
the extent of such conflict.
Section 4. This Resolution shall take effect immediately upon adoption.
PASSED AND ADOPTED THIS 12TH DAY OF SEPTEMBER, 2019.
(Village Seal)
ATTEST:
4
VILLAGE CLERK
,NQAYOR