HomeMy WebLinkAbout~Master - Awarding Contract for Liability Insurance Broker Services RESOLUTION NO. 22-254
RESOLUTION AWARDING CONTRACT FOR
LIABILITY INSURANCE BROKER SERVICES
FOR THE CITY OF AMES,IOWA
WHEREAS,the City contracts with Knapp Tedesco to provide Liability Insurance Brokerage
services for the City; and,
WHEREAS,the Contract stems from a three-year Agreement with Knapp Tedesco initiated
in 2018 and after the initial three-year term, both parties agreed the Agreement could be extended
for optional one-year extensions; and,
WHEREAS, the original three-year Agreement provided for payments of$36,000 in FY
2018/19, $37,000 in FY 2019/20, and$38,000 in FY 2020/21; and,
WHEREAS, Knapp Tedesco agreed to the first optional one-year extension in the amount
of$38,000 for FY 2021/22; and,
WHEREAS, Knapp Tedesco has agreed to extend the Agreement for another year through
June 30, 2023, at a cost of$38,000; and,
WHEREAS,under Knapp Tedesco's guidance,the City's insurance program has been taken
to market twice,and each time this effort has resulted in better renewal quotes from our incumbent
liability insurance provider; and,
WHEREAS,Knapp Tedesco has provided valuable coverage analysis and guidance regarding
receiving improved service from the City's insurance providers and the City seeks Knapp Tedesco's
advice on a regular basis regarding insurance coverage strategies.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Ames, Iowa,
that an extension of the Liability Brokerage Agreement with Knapp Tedesco Insurance, of Ames,
Iowa, in the amount of$38,000 for the period of July 1, 2022, through June 30, 2023, is hereby
approved.
ADOPTED THIS 24t'' day of May, 2022.
C7j l l �UAd&
Diane R. Voss, City Clerk John A. Haila, Mayor
Introduced by: Betcher
Seconded by: Junck
Voting aye: Beatty-Hansen, Betcher, Gartin, Junck, Rollins
Voting nay: None Absent: Corrieri
Resolution declared adopted and signed by the Mayor this 24t'day of May, 2022.