HomeMy WebLinkAbout~Master - Extension of Agreement for property insurance brokerage services RESOLUTION NO. 16-292
RESOLUTION APPROVING EXTENSION OF AGREEMENT FOR PROPERTY
INSURANCE BROKERAGE SERVICES WITH WILLIS OF ILLINOIS, INC.,
FOR THE CITY OF AMES
WHEREAS, the City contracts with Willis of Illinois, Inc., to provide property insurance
brokerage services for the City's property insurance program; and,
WHEREAS, the insurance program requires annual renewals of two components; and,
WHEREAS, the first is extending the City's agreement with Willis for property insurance
brokerage services;and the second is accepting the actual renewal premium quotations for the City's
property insurance program; and,
WHEREAS, effective July 1, 2012, the City entered into a three-year program with Willis
of Illinois, Inc., for property insurance brokerage services, and the contract included two extension
options of one year each; and,
WHEREAS, the recommended FY 2016/17 contract renewal will be the second of the two
optional one-year extensions;the annual fee will be $45,000,which has remained unchanged since
2012; and,
WHEREAS,Willis has done an effective job providing brokerage,consulting and insurance
placement services since the inception of the contract.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the one-year extension of the Willis of Illinois, Inc.,broker contract in the amount of$45,000
for FY 2016/17 is hereby approved.
ADOPTED THIS 24th day of May, 2016.
Y
C_4_�,_ , !;R A.
Diane R. Voss, City Clerk Ann H. Campbell, Mayor
Introduced by: Nelson
Seconded by: Corrieri
Voting aye: Beatty-Hansen, Corrieri, Gartin,Nelson, Orazem
Voting nay: None Absent: Betcher
Resolution declared adopted and signed by the Mayor this 24t1i day of May, 2016.