Resolution 472-1988
Donna Perez
Risk Management Coordinator
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RESOLUTION NO. 472 -1988
A RESOLUTION OF THE BOARD OF COUNTY COMMIS-
SIONERS OF MONROE COUNTY, FLORIDA, APPROVING
AND AUTHORIZING THE MAYOR/CHAIRMAN OF SAID
BOARD TO EXECUTE AN AMENDMENT TO AGREEMENT
FOR RISK MANAGEMENT AND INSURANCE CONSULTING
S,ERVICES BY AND BETWEEN THE BOARD OF COUNTY
QOMMISSIONERS OF MONROE COUNTY, FLORIDA, AND
s)'.ANFORD & CO.
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c, NBE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF
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~ON~ COUN~Y, FLORIDA:
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~ ~ha~ ~e Mayor/Chairman of said Board is hereby authorized
to execute an Amendment to Agreement for Risk Management and
Insurance Consulting Services by and between the Board of County
Commissioners of Monroe County, Florida, and Stanford & Co., a
copy of same being attached hereto.
PASSED AND ADOPTED by the Board of County Commissioners of
Monroe County, Florida, at a regular meeting of said Board held
on the 20th day of September, A. D. 1988.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
Byg~I..t
a al.rman
( Seal)
Attest: DANNY L. KOLHAGE, Clerk
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BY
AMENDMENT TO AGREEMENT
FOR RISK MANAGEMENT AND INSURANCE CONSULTING SERVICES
THIS AMENDMENT is made and entered into this
day of
1988, by and between the BOARD OF COUNTY
COMMISSIONERS OF MONROE COUNTY, FLORIDA, hereinafter called the
"CLIENT," and STANFORD & CO., whose address is 100 Second Avenue
South, Suite 205, St. Petersburg, Florida 33701, hereinafter
called the "CONSULTANT." The parties, having entered into a
certain written Agreement for Risk Management and Insurance
Consulting Services, itself dated August 2, 1988, and now
desiring to amend that written Agreement, do hereby agree that
the terms of that written Agreement are modified, so that the
CONSULTANT shall be required to maintain, and shall maintain,
professional liability insurance coverage in at least the minimum
amount of Five Hundred Thousand ($500,000.00) Dollars at all
times during which the CONSULTANT is providing services to the
CLIENT, and, if such coverage is on a claims basis, maintain such
coverage, either through the use of a claims-made contract or
discovery provision, for a period of at least three (3) years
after the termination of the provision of services by the CONSUL-
TANT to the CLIENT.
It is the intention of the parties to
relieve the CONSULTANT of the requirement to maintain such
coverage in a minimum amount of One Million ($1,000,000.00)
Dollars, as provided in the Agreement dated August 2, 1988.
In all other aspects, the Agreement dated August 2, 1988,
remains in full force and effect.
IN WITNESS ~~EREOF, the parties hereto have duly executed
this amendment on the day and year first above written.
BOARD OF COUNTY COMMISSIONERS
OF MONROE COUNTY, FLORIDA
By
Mayor/Chairman
(SEAL)
Attest:
Clerk
(SEAL)
Attest:
Secretary
STANFORD & CO.
By
.APPSfJJlED AS TO FOrrr,,:
ANDllEqA1 S1JClEliCY. __
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