HomeMy WebLinkAbout22-171 Resolution No. 22-171
RESOLUTION
ACCEPTING THE PROPOSALS
FOR THE CITY OF ELGIN'S INSURANCE PROGRAM
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN, ILLINOIS,
that pursuant to Elgin Municipal Code Section 5.02.020B(9)the City Council hereby finds that an
exception to the requirements of the procurement ordinance is necessary and in the best interest of
the city; and
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,
ILLINOIS, that Richard G. Kozal, City Manager, be and is hereby authorized and directed to
accept the proposals on behalf of the City of Elgin for the city's insurance program commencing
October 1, 2022 as follows:
a. To accept Travelers' renewal proposal for liability and crime insurance for
an annual premium of$772,736.
b. To accept Safety National's renewal proposal for excess workers'
compensation insurance for an annual premium of$240,488.
C. To accept Mesirow Insurance Services, Inc.'s renewal proposal for
insurance consultant services for an annual cost of$35,500.
BE IT FURTHER RESOLVED BY THE CITY COUNCIL OF THE CITY OF ELGIN,
ILLINOIS, that Richard G. Kozal, City Manager, be and is hereby authorized and directed to
execute an addendum with Mesirow Insurance Services, Inc. dated October 1, 2022, a copy of
which is attached hereto and made a part hereof by reference.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: September 28, 2022
Adopted: September 28, 2022
Vote: Yeas: 7 Nays: 0
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
RENEWAL OF PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF
ELGIN AND MESIROW INSURANCE SERVICES, INC.
THIS RENEWAL OF AGREEMENT is dated and entered into as of September 28, 2022,
between the City of Elgin (hereinafter the "City") and Mesirow Insurance Services, Inc.
(hereinafter the "Broker").
The Broker and the City previously entered into an Agreement dated September 30, 2015,
(hereinafter the "Agreement") for the Broker's professional services as described in said
Agreement.The initial term of said Agreement was scheduled to terminate on September 30,2020.
The Broker and the City previously entered into a renewal agreement of such Agreement
whereby the parties extended the Agreement for a one-year term commencing October 1, 2020
and terminating September 30, 2021.
The City and the Broker also previously entered into a second renewal agreement of such
Agreement whereby the parties further extended the Agreement for an additional one-year term
commencing October 1, 2021 and terminating September 30, 2022.
The City and Broker deem it desirable and in their best interests to further extend the
Agreement for an additional one-year term commencing October 1, 2022 and terminating
September 30, 2023.
TERM OF THE AGREEMENT
The term of the Agreement is hereby further extended for one (1) year commencing
October 1,2022, and ending on September 30,2023.
PAYMENTS TO THE BROKER
The City shall pay to the Broker for services provided during such additional one-year term
commencing October 1, 2022 and terminating September 30, 2023, a fixed fee in the amount of
$35,500.
MISCELLANEOUS
The changes as provided in this renewal agreement are germane to the original Agreement
as signed and this renewal agreement is in the best interests of the city and is authorized by law.
This agreement may be executed in counterparts,each of which shall be an original and all
of which shall constitute one and the same agreement. For the purposes of executing this
agreement,any signed copy of this agreement transmitted by fax machine or e-mail shall be treated
in all manners and respects as an original document. The signature of any party on a copy of this
agreement transmitted by fax machine or e-mail shall be considered for these purposes as an
original signature and shall have the same legal effect as an original signature. Any such faxed or
e-mailed copy of this agreement shall be considered to have the same binding legal effect as an
original document. At the request of either party any fax or e-mail copy of this agreement shall be
re-executed by the parties in an original form. No party to this agreement shall raise the use of fax
machine or e-mail as a defense to this agreement and shall forever waive such defense.
All of the remaining provisions of the Agreement shall remain in full force and effect.
CITY: BROKER:
CITY OF ELGIN MESIROW INSURANCE
SERVICES,INC.
ooz
By: By: i �4t�
City Manager, Richard G. Kozll 0 VP Managing Director
ATTEST- GIVEN under�y hand and notarial
seal this "T')" day of September, 2022
B
City Clerk
otary lic
My Commission Expires: Jqnv&U
Legal DepAAgrccment\Mesirow Ins Renewal Agr-Onc Year-9-19-22.dom
OFFICIAL SEAL
MEGAN JOLLY
NOTARY PUBLIC-STATE OF ILLINOIS
MY COMMISSION EXPIRES 01105123
2