Loading...
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 stth 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 stth 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 th 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. th 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