Explanation
Background
The Department of Finance and Management Real Estate Management Office (REMO) solicited Request for Proposals (RFP) in April 2009, RFP No. SA00324, to provide insurance brokerage and risk management services for the City's property (casualty), boiler and machinery, and aviation insurance programs. The City selected Arthur J. Gallagher Risk Management Services, Inc. to administer the City's insurance programsfor a five year period, consisting of an initial one-year term and four automatic consecutive one-year terms, each subject to appropriation of necessary funds by City Council and certification of availability of funds by the City Auditor.
Pursuant to Ordinance No. 0943-2009, passed on 07/8/09, the City entered into a contract with Arthur J. Gallagher Risk Management Services, Inc. for insurance brokerage and engineering services and funded the initial one (1) year term, (August 1, 2009 through July 31, 2010) for insurance brokerage and engineering services and for the premiums for the property (casualty), boiler and machinery, and aviation insurance. The funding for the first of four (4) one year renewals of the insurance brokerage and engineering services contract with Arthur J. Gallagher Risk Management Services, Inc. and the premiums for property (casualty), boiler and machinery, and aviation insurance coverage was authorized by Ordinance No. 0912-2010 for the first renewal term (August 1, 2010 through July 31, 2011) and by Ordinance No. 0989-2011 for the second renewal term (August 1, 2011 through July 31, 2012). This ordinance authorizes the Director of Finance and Management to pay the cost of the third one-year renewal term of the insurance brokerage and engineering services contract with Arthur J. Gallagher Risk Management Services, Inc. for the term August 1, 2012 through July 31, 2013, to bind coverage for all City 2012-2013 insurance programs, and to expend $261,016 from the Department of Finance and Management Employ...
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