HomeMy WebLinkAbout2018-05-30 18-207 Order
05/30/201818-207
05/30/2018
18-207
Finance
Order
N/A
Title, Order
Authorizing a One-Year Contract Extension for Property, Casualty and Airport Insurance with Cross Insurance
Agency
This Order will authorize a one-year extension for Property, Casualty, and Airport Insurance
coverage with Cross Insurance.
In 2010, the City awarded contracts for Property and Casualty coverage to Cross Insurance Agency
and Sargent, Tyler and West, which was acquired by Cross Insurance in 2016. Due to staff turnover
and the need to gain a greater understanding of insurance coverages and to reassess the City's
insurance needs, staff recommendation is to extend for one more year.
This extension will allow staff to ensure a thorough review of coverages and policies is conducted
and to assess the needs of the City prior to issuing a Request for Proposals in 2019.
If approved, the current contract with Cross Insurance Agency would expire on June 30, 2019. The
extension must be approved by the City Council as it exceeds $100,000.
Finance Committee
05/21/2018
Recommend for passage
50
Consent
05/30/201818-207
CITY OF BANGOR ORDER
05/30/2018
18-207
Weston
Authorizing a One-Year Contract Extension for Property, Casualty and Airport Insurance with Cross Insurance
Agency
Whereas, the city has had a contract with Cross Insurance Agency for property, casualty and airport insurance
since 2010; and
Whereas, the contract was due to be re-bid in 2017; and
Whereas, the City has been transitioning to a new risk manager and insurance bids require significant
knowledge and understanding of city operations; and
Whereas, staff requests one more year to prepare bids and hire an insurance consultant.
Now Therefore,
Be it Ordered by the City Council of the City of Bangor that,
the Finance Director is hereby authorized to extend the City's contract for property, casualty, and Airport
insurance coverages with Cross Insurance Agency for the period July 1, 2018 - June 30 ,2019.
IN CITY COUNCIL
MAY 30, 2018
CO 18-207
PASSED
CITY CLERK