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COCOA (BREVARD COUNTY) · LOCALlocal legislationAgenda Ready
Local Impact

City Insurance Policy Renewal for 2023-2024

Original title: Approve a one-year policy renewal for the General Insurance Program with Florida League of Cities, Inc., for the period October 1, 2023 through September 30, 2024 with an estimated premium of $1,709,340 pending approval of the FY2024 budget. Approve a resolution to waive competitive bidding. Authorize the City Manager to execute the agreement.

September 26, 2023

insurancecity budgetprocurementcontract renewal

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The Frame

What this does

The city will spend approximately $1,709,340 on insurance premiums for the 2023-2024 fiscal year, pending final budget approval.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

City taxpayers

City funds are used to pay the $1,709,340 insurance premium.

Florida League of Cities, Inc.

The organization is the designated provider for the city's insurance program.

What changed

Last recorded activity September 26, 2023.

What's next

Next step not available in the current record.

Summary

The City Council is considering a one-year renewal of the city's general insurance program with the Florida League of Cities, Inc. The proposal includes a waiver of the standard competitive bidding process and authorizes the City Manager to sign the agreement.

Key Facts

  • The city proposes a one-year renewal of its general insurance program.
  • The contract period runs from October 1, 2023, through September 30, 2024.
  • The estimated cost for the insurance premium is $1,709,340.
  • The renewal is contingent upon the final approval of the FY2024 city budget.
  • The proposal includes a resolution to waive the city's competitive bidding requirement for this contract.
  • The City Manager is authorized to sign the agreement on behalf of the city.

Frequently Asked Questions

How much will the city pay for insurance this year?
The estimated premium is $1,709,340.
Why is the city skipping the competitive bidding process?
The document includes a resolution to for this specific insurance renewal.
When does this insurance coverage start?
The coverage period begins on October 1, 2023.

Why It Matters

The city will spend approximately $1,709,340 on insurance premiums for the 2023-2024 fiscal year, pending final budget approval.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Sponsors

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Waiver of Competitive Bidding

The city is explicitly choosing to bypass competitive bidding for a million-dollar contract, which is a notable procurement decision.

Florida League of Cities, Inc.

Connected Entities

personCity Manager“Authorized to execute the insurance agreement.”Map →
organizationFlorida League of Cities, Inc.“The insurance provider for the city's general insurance program.”Map →

Sources

Open source document

webapi.legistar.com

Analysis Score

0–100
  • Significance40
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz10
    Current news / social attention level

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