HomeMy WebLinkAbout2017-05-08 17-150 ORDERCOUNCIL ACTION
Item No. 17-150
Date: May 8, 2017
Item/Subject:, ORDER, Authorizing Contract Extension for Property, Casualty and
Airport Insurance
Responsible Department: City Wide
Commentary: This order will authorize a one-year extension for Property, Casualty, and
Airport Insurance with Cross Insurance.
In 2010, The City awarded contracts for Property and Casualty coverage and Airport coverage to
Cross Insurance Agency and Sargent, Tyler and West, which was acquired by Cross Insurance in
2016. Based upon the original specifications of the City's Request for Proposals, these
coverages should be bid this year. However, the City's Risk Manager retired at the end of
March and was unable to complete the bid process prior to retirement. The city is in the process
of hiring a new Risk Manager and staff is seeking a one-year extension to allow the new Risk
Manager time to review and understand our insurance coverages.
If approved, the current contract with the Cross Insurance Agency would expire on June 30,
2018.
The contract extension must be approved by the City Council as it exceeds $100,000.
Manager's Comments:
Associated Information:
Budget Approval:
Legal Approval:
Introduced for
X Passage
First Reading
Referral
Department Head
_OtwlY l (",/
City Manager
Finance Director
/Z/
CiO Solicitor
Page _ of _
Assigned to Councilor Sprague
CITY OF BANGOR
17-150
MAY 8, 2017
(TITLE.) Order, Authorizing Contract Extension for Property, Casualty and Airport
Insurance
By the City Council of the City of Bangor:•
ORDERED,
THAT, the Finance Director is hereby authorized to extend the City's contract for
property, casualty and Airport insurance coverages with Cross Insurance for the
period July 1, 2017 — .lune 30, 2018.
IN CITY COUNCIL
MAY 8, 2017
CO 17-150
PASSED
CITY CLERK