HomeMy WebLinkAbout~Master - Extension of the Property Brokerage Agreement with Willis of Greater Kansas RESOLUTION NO. 19-297
RESOLUTION APPROVING EXTENSION OF THE PROPERTY BROKERAGE
AGREEMENT WITH WILLIS OF GREATER KANSAS
FOR THE CITY OF AMES, IOWA
WHEREAS,the City has contracted with Willis of Greater Kansas,Inc.,to provide property
insurance brokerage services for the City's property insurance program since 2011; and,
WHEREAS,after the initial three-year term,both parties agreed to extend the Agreement for
each of the optional one-year extensions;
WHEREAS,the cost for these brokerage services has been$45,000 per year since 2011,and
Willis of Greater Kansas,Inc.,has agreed to extend the Agreement for an additional one-year term
ending June 30, 2020,but will do so at an increased cost of$50,000; and,
WHEREAS, under Willis' guidance, the City's property program has been divided into a
municipal insurance program and a power property program, and the City seeks Willis' advice on
a regular basis regarding risk mitigation efforts, insurance coverage strategies, and in completing
claim documentation in the event of losses.
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 $50,000 for a period beginning July 1, 2019, and ending June 30, 2020, is hereby
approved.
ADOPTED THIS 25' day of June, 2019.
c�A/X'
Diane . Voss, City Clerk John A. Haila, Mayor
Introduced by: Corrieri
Seconded by: Gartin
Voting aye: Beatty-Hansen, Betcher, Corrieri, Gartin, Martin,Nelson
Voting nay: None Absent: None
Resolution declared adopted and signed by the Mayor this 25' day of June, 2019.