TO: Mayor and City Council
FROM: Kathy Franson, Director of Human Resources
SUBJECT:
title
Authorization to Award Contract Extensions for Property & Casualty Insurance Coverage in the Amount of $338,088.57
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BACKGROUND:
For the 2025 renewal of insurance coverages, the City’s broker, Alliant, is working within the market to obtain competitive rates for coverage with vendors for liability coverage that includes workers’ compensation, property, casualty, drones, and cyber. Based on the extensive information required to bring to market, a contract extension for a 2-month pro-rated premium is being requested with the effective timeframe of August 1, 2025 to October 1, 2025. Sufficient funding remains available in the 2025 Human Resources budget (Org Code 01014000).
RECOMMENDATION:
recommendation
Based on the above, it is requested that the Mayor and City Council authorize the award of contract extensions for insurance coverage in the Amount of $338,088.57 .
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