HomeMy WebLinkAbout24-215 Resolution No. 24-215
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, 2024 as follows:
a. To accept Travelers' renewal proposal for liability insurance for an annual
premium of$922,871.
b. To accept HDI Global Specialty's proposal for excess liability insurance for
an annual premium of$118,373.
c. To accept Safety National's renewal proposal for excess workers'
compensation insurance for an annual premium of$269,474.
d. To accept Alliant 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 Alliant Insurance Services, Inc. dated October 1,2024,a copy of which
is attached hereto and made a part hereof by reference.
s/David J. Kaptain
David J. Kaptain, Mayor
Presented: September 25, 2024
Adopted: September 25, 2024
Omnibus Vote: Yeas: 9 Nays: 0
Attest:
s/Kimberly Dewis
Kimberly Dewis, City Clerk
RENEWAL OF PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF
ELGIN AND ALLIANT INSURANCE SERVICES, INC.
THIS RENEWAL OF AGREEMENT is dated and entered into as of September 25,
2024, between the City of Elgin (hereinafter the "City") and Alliant Insurance Services, Inc.
formerly known as 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 will terminate on September 30, 2020.
The Broker and the City previously entered into a renewal agreement of such
Agreement whereby the parties further extended the Agreement for an additional 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 the Broker also previously entered into a third renewal agreement of
such Agreement whereby the parties further extended the Agreement for an additional one-year
term commencing October 1, 2022 and terminating September 30, 2023.
The City and the Broker also previously entered into a fourth renewal agreement of
such Agreement whereby the parties further extended the Agreement for an additional one-year
term commencing October 1, 2023 and terminating September 30,2024.
The City and the Broker deem it desirable and in their best interest to further extend the
Agreement for an additional one-year term commencing October 1, 2024 and terminating
September 30, 2025.
TERM OF THE AGREEMENT
The term of the Agreement is hereby further extended for one (1) year commencing
October 1, 2024, and ending on September 30, 2025.
PAYMENTS TO THE BROKER
The City shall pay to the Broker for services provided during such additional one-year term
commencing October 1, 2024 and terminating September 30, 2025, 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. This Agreement may be executed
electronically, and any signed copy of this Agreement transmitted by facsimile machine, e-mail, or
other electronic means 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 facsimile machine, e-mail or
other electronic means shall be hall be considered for these purposes as an original signature
and shall have the same legal effect as an original signature.
All of the remaining provisions of the Agreement shall remain in full force and effect.
CITY: BROKER:
CITY OF ELGIN ALLIANT INSURANCE SERVICES, INC.
I .. 16
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B 4 Y• By: #.(14.4
City Manager EVP Man P.
Directo
ATTES : GIVEN under my hand and notarial seal this
2,tt('(A day of , 2024
By:
City Clerk
Notary Public
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