105.2008
RESOLUTION AUTHORIZING ENGAGEMENT OF THE COMPASS
COMPANY, INC. TO REVIEW TOWN INSURANCE COVERAGES AND
PREPARE REQUEST FOR PROPOSAL FOR
2008 TOWN INSURANCE COVERAGE
RESOLUTION NO.: 105, 2008
INTRODUCED BY: Mr. Ronald Montesi
WHO MOVED ITS ADOPTION
SECONDED BY: Mr. Anthony Metivier
WHEREAS, the Queensbury Town Board wishes to authorize engagement of The Compass
Company, Inc. (Compass) to: 1) evaluate the Town of Queensbury's 2006 and 2007 Property and
Casualty Insurance Coverages; and 2) prepare specifications for insurance coverages for Property and
Casualty Insurance, prepare a Request for Proposals (RFP) to send to insurance agents/brokers
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interested in providing insurance coverage to the Town effective July 1, 2008 – June 30, 2009, and
evaluate responses and recommend carriers for Town insurance coverages,
and
WHEREAS, Compass has offered to provide such services for: 1) an estimated fee of
$2,500.00 for evaluation of the Town’s 2006 and 2007 Property and Casualty Insurance Coverages;
and 2) an estimated fee of $14,500 for preparation of the RFP and services associated with the RFP,
NOW, THEREFORE, BE IT
RESOLVED, that the Queensbury Town Board hereby approves and authorizes engagement
of The Compass Company, Inc. (Compass) to: 1) evaluate the Town of Queensbury's 2006 and 2007
Property and Casualty Insurance Coverages for an estimated fee of $2,500; and 2) prepare
specifications and a Request for Proposals (RFP) to send to insurance agents/brokers interested in
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providing insurance coverage to the Town effective July 1, 2008 – June 30, 2009 and evaluate and
recommend respondents’ proposals for an estimated fee of $14,500, as more fully set forth in
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Compass’ January 19, 2008 proposal, and
BE IT FURTHER,
RESOLVED, that the Town Board authorizes the Budget Officer to amend the budget as
follows: Increase appropriation 001-1910-4720 Insurance Consultant by $17,000.00 and reduce
appropriation 001-1910-4200 Insurance by said amount,
BE IT FURTHER,
RESOLVED, that the costs of such services shall be paid for from the Insurance – Misc.
Contractual Account No.: 01-1910-4720 Insurance Consultant, and
BE IT FURTHER,
RESOLVED, that the Town Board further authorizes and directs the Town Supervisor to sign
any needed agreement or documentation and the Town Supervisor and/or Budget Officer to take any
other action needed to effectuate the terms of this Resolution.
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Duly adopted this 28 day of January, 2008, by the following vote:
AYES: Mr. Brewer, Mr. Stec, Mr. Metivier, Mr. Montesi
NOES: Mr. Strough
ABSENT: None