Explanation
Background: Pursuant to RFQ026631 and as authorized by Ordinance No. 0864-2024, the City entered into an Insurance Brokerage and Risk Engineering Services Contract with USI Insurance Services, LLC for an initial one-year term with four (4) additional automatic one-year renewal terms with each renewal term subject to the appropriation of funds by City Council and the certification of funds availability by the City Auditor.
The City’s current insurance term is set to expire July 31, 2026, authorized by Ordinance No. 1884-2025. The current term needs to be extended 92-days in order to accommodate the Columbus City Council recess schedule and to avoid an interruption in insurance coverage. This ordinance authorizes the Director of Development to extend of the current term set to expire July 31, 2026 an additional 92-days to expire October 31, 2026, and to amend the Contract for Insurance Brokerage and Risk Engineering Services and to appropriate funding.
This ordinance authorizes the expenditure of additional funds for the 92-day extension of the current term of the Insurance Brokerage and Engineering Services Contract with USI Insurance Services, LLC; the binding of coverage for all City insurance programs for the extension of the current term until October 31, 2026; (1) the expenditure of up to $151,104.00 from the Department of Development 2026 budget, $88,704.00 remaining from Ordinance 1884-2025 and an additional $62,400.00; the expenditure of up to $61,537.00 from the Department of Public Safety 2026 budget, $26,327.00 remaining from Ordinance 1884-2025 and an additional $35,210.00; the expenditure of up to $160,830.00 from the Department of Public Utilities 2026 budget, $104,290.00 remaining from Ordinance 1884-2025 and an additional $56,539.00; the expenditure of $12,000.00 from the Department of Public Service 2026 budget for payment of brokerage and policy premiums associated with the City’s 2025-2026 insurance programs. This ordinance a...
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