Item C31BOARD OF COUNTY COMMISSIONERS
Meeting Date: April 16, 2008
Bulk Item: Yes X No
AGENDA ITEM SUMMARY
Division: Employee Services
Department: Risk Management
Staff Contact Person/Phone#:Maria L. Slavik X3178
AGENDA ITEM WORDING: Approval to pay $258,008 renewal premium to Citizens Property
Insurance Corporation for Windstorm Insurance Policy.
ITEM BACKGROUND: The County's Property policy has a $1,000,000 per location windstorm
deductible. This Windstorm policy covers the deductible amount.
PREVIOUS REVELANT BOCC ACTION: This policy was previously approved by the board on
4/16/03.
CONTRACT/AGREEMENT CHANGES: Increase in premium of $48,583 or 23%. The new
renewal dates are 5/29/08-5/29/09.
STAFF RECOMMENDATIONS: Approval to renew the policy as submitted by Citizens Property
Insurance Corporation.
TOTAL COST: $258,008 BUDGETED: Yes X No
COST TO COUNTY: $258,008 SOURCE OF FUNDS: Ad Valorum
REVENUE PRODUCING: Yes No X AMOUNT PER MONTH Year _
APPROVED BY: County Atty�OMB/Purchasing Risk Management —''
DOCUMENTATION:
DISPOSITION:
Revised 2/27/01
Included X To Follow Not Required
AGENDA ITEM #
MONROE COUNTY BOARD OF COUNTY COMMISSIONERS
CONTRACT SUMMARY
Contract with: Citizens Property
Contract #
Effective Date:
5/29/2008
Expiration Date:
5/29/2009
Contract Purpose/Description:
Windstorm Insurance Renewal
Contract Manager: Maria Slavik
3178
Risk Management #1
(Name)
(Ext.)
(Department/Stop #}
for BOCC meeting on 4-16-08
Agenda Deadline: 4-1-2008
CONTRACT COSTS
Total Dollar Value of Contract: $ $258,008 Current Year Portion: $
Budgeted? Yes® No ❑ Account Codes: 503-08502-530450-
Grant: $ - - -
County Match: $ - - -
ADDITIONAL COSTS
Estimated Ongoing Costs: $ /yr For:
(Not included in dollar value above) (e& maintenance, utilities, janitorial,salaries, etc.
CONTRACT REVIEW
Changes
Date Out
Division Director
Date In
Needed�
Yes
-Reviewer
Risk Managem t
Yes[] No(a�
P<
O.M.B./Purchasing
Yes[] No[a/'C'�
County Attorney
a� ��'
Yes[] No[4'
C
Comments:
Form Reviceri 7/27/01 MrP 10
C
UNlFYSMONROE
KEY WEST FLORIDA 33040
(305)294-4641
Office of the Employee Services Division Director
The Historic Gato Cigar Factory
1100 Simonton Street, Suite 268
Key West, FL 33040
(305) 292-4458 — Phone
(305) 292-4564 - Fax
BOARD OF COUNTY COMMISSIONERS
�/ C•.•� Mayor Charles "Sonny" McCoy, District 3
®,,•' Mayor Pro Tern Mario Di Gennaro, District 4
Dixie M. Spehar, District 1
George Neugent, District 2
Sylvia J. Murphy, District 5
TO: Board of County Commissioners
FROM: Teresa E. Aguiar,
Employee Services Directo
DATE: March 24, 2008
SUBJ: Approval to renew Windstorm Policy
This item requests approval to pay $258,008 renewal premium (which is an increase of 23% from last year)
to Citizens Property Insurance Corporation for the county's windstorm policy. The policy offers various
deductibles by location and insures the County's building and contents scheduled on the policy for damages
resulting from wind.
The County's Property Policy (which is also requested to be approved at the April meeting) will cover any
windstorm damage to the county's buildings and contents for any damages over $IM per location. This
Windstorm policy will cover any damages up to the $IM with various smaller deductibles outlined in the
policy.
It is the recommendation to approve the renewal of the policy with Citizens Property Insurance Corporation
for the period of 5/29/08 — 5/29/09.