R24-229 1 RESOLUTION NO. R24-229
2
3 A RESOLUTION OF THE CITY COMMISSION OF THE CITY OF BOYNTON BEACH,
4 FLORIDA, APPROVING THE RENEWAL OF GENERAL AND EXCESS LIABILITY
5 INSURANCE COVERAGE WITH EVANSTON INSURANCE COMPANY FOR LEASED
6 PROPERTY AT MANGROVE PARK; AND FOR ALL OTHER PURPOSES.
7
8 WHEREAS, On June 26, 1992, the City of Boynton Beach entered into a Lease Agreement
9 to create a passive park, approved by Resolution No. R92-83. The Lease Agreement requires the
10 City to maintain liability insurance; and
11 WHEREAS, On June 18, 2024, Commission approved Resolution No. R24-121 approving
12 an Amendment to extend the Agreement until December 31, 2025; and
13 WHEREAS, the City desires to renew the insurance coverage with Evanston Insurance
14 Company to remain in compliance with the lease agreement; and
15 WHEREAS, the City Commission, upon the recommendation of staff, has deemed it in the
16 best interests of the city's citizens and residents to approve the renewal of General and Excess
17 Liability insurance coverage with Evanston Insurance Company for leased property at Mangrove
18 Park.
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 General and Excess Liability insurance coverage with Evanston Insurance
26 Company for leased property at Mangrove Park as further detailed in "Exhibit A."
27 SECTION 3. The City Commission of the City of Boynton Beach, Florida, hereby
28 authorizes the Mayor to execute any ancillary documents as may be necessary to accomplish the
29 purpose of this Resolution.
30 SECTION 4. This Resolution shall take effect in accordance with law.
31 [signatures on following page]
32
33 PASSED AND ADOPTED this f S4- day of 0C 2024.
34 CITY OF BOYNTON BEACH, FLORIDA
35 YES NO
36 Mayor-Ty Penserga
37
38 Vice Mayor-Aimee Kelley
39
40 Commissioner-Angela Cruz
41
42 Commissioner-Woodrow L. Hay
43
44 Commissioner-Thomas Turkin
45
46 VOTE
47 ATTES .
48 1 tk.49
50 Maylee De J •s MPA, MM •- e /' -7.02-4/
51 City Clerk Mayor
52
53 BDYNT`\, •PROVED AS TO FORM:
54 (Corporate Seal) %O O
••'GORPOq . �1
55 V' SEAL�r •��11� u�w►1G )6n6
•�s
56 / •INCORpoRATFD _; Shawna G. Lamb
58 ' '• 1 920 City Attorney
\.14DRIDA
!�GEHRING
City of Boynton Beach R!sSei(ies R RIRR Si RRiEGiES Cohan Rv
Mangrove Park General & Excess Liability Insurance Evaluation
2024-2025 Renewal Evaluation
Current Renewal
._...m.....00.2023-2024 2024-2025
Coverage Type iilialkilkCarrier Deductible Liabi ity emits- rem m " +e.u r.-e ' Lia'fifty Limits Premium
General Liability $0 $1,000,000/ $2,200 $1,000,000/
Evanston $2,000,000 $0 $2,775
j $2,000,000
Personal &Advertising Liability $0 $1,000,000 Included $0 $1,000,000 Included
Excess Liability Evanston $0 $2.000,000/ $1 600 $2,000,000/
$2,000,000 $0 $1,650
$2,000,000
Annual Premium $3,800 $4,425
$ Increase/Decrease N/A $625
Increase/Decrease N/A 16.4%
Includes Additional Insured Endorsement for$100.00
TRIA Excluded