Explanation
BACKGROUND
This legislation authorizes the City Auditor to modify and extend the existing contract with Huntington Insurance, Inc. for four insurance policies bonding City of Columbus employees, elected and appointed officials, judges, municipal court employees and appointed commission and board members and authorizes the expenditure of up to $158,511.00 from the General Fund in the Auditor’s Office. This legislation also authorizes the transfer and administration of the contract to the Department of Finance and Management upon completion of the modification by the Auditor’s Office.
The contract includes four employee bonding insurance policies: 1) $10,000,000.00 coverage for the City Treasurer, 2) $10,000,000.00 coverage for the City Deputy Treasurer, 3) $100,000.00 coverage for Columbus Police up through the rank of sergeant, and 4) $1,000,000.00 coverage for all other city employees, judges, municipal court employees, and elected or appointed officials including all officially appointed members of City Boards and/or Commissions.
The current contract for these services was authorized by Ordinance 3220-2022 and was passed on December 5, 2022. In accordance with the relevant provisions of Columbus City Code 329, the contract and authorizing ordinance were established after a request for proposal (City issued solicitation no. RFQ023204) and included extension options and pricing for an additional six (6) years beyond the initial term of January 1, 2022, through December 31, 2025. This ordinance shall fund the period of January 1, 2026, through December 31, 2028. These policies are in accordance with Columbus City Charter Section 16, and the relevant provisions of Ohio Revised Code, including Section 3.061.
After consultation with representatives from the City Attorney’s Office, City Council, Department of Finance and Management, Department of Human Resources, and the City Auditor’s Office, it was determined that the Department of Finance and Managem...
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