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Res 57-15RESOLUTION NO. 57-15 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, APPROVING THE ACQUISITION OF PROPERTY, EXCESS LIABILITY AND EXCESS WORKERS' COMPENSATION INSURANCE COVERAGE FROM THE FLORIDA MUNICIPAL INSURANCE TRUST FOR FISCAL YEAR 2016 FOR THE RISK MANAGEMENT DIVISION, DECLARING BY A FOUR-FIFTHS AFFIRMATIVE VOTE THAT THE CITY'S SEALED COMPETITIVE METHOD IS NOT IN THE BEST INTEREST OF THE CITY; PROVIDING FOR AN EFFECTIVE DATE. WHEREAS the Risk Management Division utilizes an insurance broker to obtain property and liability coverage; and WHEREAS the insurance policies for Property, Excess Liability, and Excess Workers' Compensation expire on September 30,2015; and WHEREAS the insurance broker obtained price quotes for expiring policies; and WHEREAS the City will reduce the cost of coverage will realize a savings of approximately $350,000 over fiscal year 2015; and WHEREAS the City will tenew the Property, Excess Liability and Excess Worker's Compensation insurance coverage with the Florida Municipal Insurance Trust; and WHEREAS the policies will be effective from October 1, 2015 to September 30,2016; and WHEREAS, Section 36.02(c)(11) of the City's Code of Ordinances provides that the City may acquire or contract for non -real property, goods or services without utilizing a Sealed Competitive Method or the Written Quotation Method where the City Commission declares by at least a four -fifth (4/5) affirmative vote that the Sealed Competitive or the Written Quotation Method is not in the best interest of the City. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF DELRAY BEACH, FLORIDA, AS FOLLOWS: Section 1. That the foregoing "WHEREAS" clauses ate ratified and confirmed as being true and correct factual findings and are made a specific part of this Resolution. Section 2. The City Commission of the City of Delray Beach hereby declares, by a minimum fout- fifths affirmative vote, that the City s Sealed Competitive Method or Written Quotations Ptocurement Method is not in the best interest of the City. The City Commission declares that the ACQUISITION OF PROPERTY, EXCESS LIABILITY AND EXCESS WORKERS' COMPENSATION INSURANCE COVERAGE FROM THE FLORIDA MUNICIPAL INSURANCE TRUST FOR FISCAL YEAR 2016, is in the best interest of the City. Section 3. The City Manager is authorized to do all things necessary and expedient to carry out the aims of this Resolution. Section 4: This Resolution shall take effect immediately upon adoption. PASSED AND ADOPTED by the City Commission of the City of Delray Beach this the 15th day of September, 2015. MAYOR ATTEST: City Clerk Res. No. 57-15