Loading...
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