R24-211 RESOLUTION NO. R24-211
2
3 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF
4 BOYNTON BEACH, FLORIDA, APPROVING THE RENEWAL OF
5 INSURANCE POLICIES FOR FLOOD INSURANCE COVERAGE
6 WITH WRIGHT FLOOD FOR THE POLICIES WITH EFFECTIVE
7 DATES OF SEPTEMBER 24, 2024, AND SEPTEMBER 27, 2024.;
8 AND FOR ALL OTHER PURPOSES.
9
10 WHEREAS, Wright Flood is the City's insurance provider for Flood insurance; and
11 WHEREAS, City staff recommends renewal of the policy with increases to the City's
12 Building and Content limits to allow for room for minor changes and upgrades during the policy
13 year; and
14 WHEREAS, the Risk Division requests to renew the insurance coverage with Wright Flood
15 for three locations; and
16 WHEREAS, the City Commission, upon the recommendation of staff, has deemed it in the
17 best interests of the city's citizens and residents to approve the renewal of Flood insurance
18 coverage with Wright Flood for policies effective September 24, 2024, and September 27, 2024.
19
20 NOW, THEREFORE, BE IT RESOLVED BY THE CITY COMMISSION OF THE CITY OF BOYNTON
21 BEACH, FLORIDA, THAT:
22 SECTION 1. The foregoing "Whereas" clauses are hereby ratified and confirmed as
23 being true and correct and are hereby made a specific part of this Resolution upon adoption.
24 SECTION 2. The City Commission of the City of Boynton Beach, Florida, does hereby
25 approve the renewal of insurance policies for Flood insurance coverage with Wright Flood for the
26 policies with effective dates of September 24, 2024, and September 27, 2024, as further described
27 in "Exhibit A."
28 SECTION 3. The City Commission of the City of Boynton Beach, Florida, hereby
29 authorizes the Mayor to execute any ancillary documents as may be necessary to accomplish the
30 purpose of this Resolution.
31 SECTION 4. This Resolution shall take effect in accordance with law.
32
9 Re-at
33 PASSED AND ADOPTED this day of SPP r r- 2024.
34 CITY OF BOYNTON BEACH, FLORIDA
35 YES NO
36 Mayor-Ty Penserga /
37 c-
38 Vice Mayor-Aimee Kelley
39
40 Commissioner-Angela Cruz
41
42 Commissioner-Woodrow L. Hay
43 /
44 Commissioner-Thomas Turkin ,/
45
46 VOTE C-0
47 ATTEST.
48 , I ',49 L 411.0 _�_
50 Maylee Dei es" PA, MM Ty P 702'f
51 City Clerk M. I•
52
53 =�F BONr:
APPROVED AS TO FORM:
"may:•.coRPp•• DiL N
54 (Corporate Seal) � •
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55 ; `;'• S. A jT.•;% #I /��
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57 ,,. \ 192 TFo/ : Shawna G. Lamb
58
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City Attorney
City of Boynton Beach
MSI ( GROUP G
Flood Policies
Fall Policies-Renewal Evaluation Summary
FY 2025
PY 2024-2025
Current Option B
Insurance Building Content Current Building Content Renewal
Building Name Address Eff Date Policy g Deductible Deductible
Carrier Limit Limit Premium Limit Limit Premium
Boat Ramp Park-Clubhouse 2010N Federal Hwy 9/24/2024 091151129066 Wright $1,250 $280,000 $17,000 $2,695 $1,250 $308,000 $18,000 $2,852
Boat Ramp Park Restroom Building 2010 N Federal Hwy 9/27/2024 091151129067 Wright $1,250 $229,000 $0 $2,966 $1,250 $252,000 SO $3,019
Congress Ave Racquet Club 3111 5 Congress Ave 9/27/2024 09 1151129068 Wright $1,250 $424,000 $45,000 $928 $1,250 $467,000 $48,000 $957
Total Annual Premium $6,589 $6,828
$Increase/Decrease N/A $239
%Increase/Decrease N/A 3.6%