Title
Award of a Contract for Insurance Broker/Consultant to Arthur J. Gallagher & Co. (B)
Explanation
Pursuant to the direction given to staff by the City Commission at the City Commission meeting of June 27, 2005, staff has negotiated a contract extension not to exceed one year with the City's current vendor, Arthur J. Gallagher & Co. for the placement of the City's insurance program and to provide consultant services.
During the term of this contract staff will review the selection criteria and evaluation process to increase the likelihood of additional vendor participation.
Fiscal Impact
Adequate funds for insurance brokerage/consultant services are budgeted in the General Insurance Fund.
Recommendation
The City Commission: 1) approve the selection of Arthur J. Gallagher and Company for the purpose of providing insurance brokerage/consultation for the City's property, casualty and Worker's Compensation programs; and 2) authorize the Interim City Manager, or her designee to negotiate with and enter into an agreement for a period not to exceed one year, effective July 31, 2005, subject to approval of the City Attorney as to form and legality.