HomeMy WebLinkAbout~Master - Renewal of Agreement for Property Insurance Brokerage Services RESOLUTION NO. 18-370
RESOLUTION APPROVING RENEWAL OF AGREEMENT FOR
PROPERTY INSURANCE BROKERAGE SERVICES
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, this contract stems from a three-year agreement with Willis initiated in 2012,
and after the initial three-year term, both parties agreed to extend the agreement for each of the
optional one-year extensions; and,
WHEREAS, the cost for brokerage services throughout the City's relationship with Willis
has been $45,000 per year; and,
WHEREAS,Willis has agreed to extend this agreement through June 30,2019,at the current
rate of$45,000; the City will complete an RFQ/RFP for property brokerage service prior to the
2019/20 renewal; and,
WHEREAS, under Willis' guidance, the City's property program has been divided into a
municipal property insurance program (underwritten by Chubb) and a power property program
(underwritten by AEGIS); and,
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that the extension of the property brokerage agreement with Willis of Greater Kansas, Inc., in the
amount of$45,000 for a one-year period beginning July 1, 2018, is hereby approved.
ADOPTED THIS 26`'' day of June, 2018.
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Diane R. Voss, City Clerk John . Haila, Mayor
Introduced by: Betcher
Seconded by: Beatty-Hansen
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 26t'day of June, 2018.