File #: 21729    Version: 1 Name: Property Insurance Broker - Lockton
Type: Resolution Status: Passed
File created: 9/11/2024 In control: Budget Committee
On agenda: 9/16/2024 Final action: 9/23/2024
Title: A RESOLUTION transferring $200,000.00 within the 2024 Self-Insurance Fund and awarding a twelve-month contract with four twelve month options to extend for the furnishing of a broker for property insurance for use by the Finance Department to Lockton Companies of Kansas City, MO, under the terms and conditions of Request for Proposals No.24-066, at an actual cost to the County in the amount of $2,575,950.00.
Sponsors: Megan L. Marshall
Indexes: FINANCE DEPARTMENT, INSURANCE, SELF INSURANCE FUND
Attachments: 1. 21729adopted, 2. RLA, 3. Fiscal Note 24-279 - Finance - Property Insurance, 4. 24-066 Recommendation Memo.pdf, 5. 24-066 Summary.pdf, 6. Lockton Price Sheet.pdf
Related files: 18954, 20259

IN THE COUNTY LEGISLATURE OF JACKSON COUNTY, MISSOURI

 

Title

A RESOLUTION transferring $200,000.00 within the 2024 Self-Insurance Fund and awarding a twelve-month contract with four twelve month options to extend for the furnishing of a broker for property insurance for use by the Finance Department to Lockton Companies of Kansas City, MO, under the terms and conditions of Request for Proposals No.24-066, at an actual cost to the County in the amount of $2,575,950.00.

 

 

Intro

RESOLUTION NO. 21729, September 16, 2024

 

INTRODUCED BY Megan L. Marshall, County Legislator

 

 

Drafter

WHEREAS, the Director of Finance and Purchasing has solicited proposals on Request for Proposals (RFP) No. 24-066 for the furnishing of a broker for property insurance for use by the Finance Department; and,

 

WHEREAS, a total of eighteen notifications were distributed and four responses were received, one of which was rejected by Purchasing, with the remaining proposals as following:

 

VENDOR

 

Lockton Companies

Kansas City, MO

 

McGriff Insurance Services

Charlotte, NC

 

Higginbotham

Fort Worth, TX

 

 

WHEREAS, pursuant to section 1054.6 of the Jackson County Code, the Director of Finance and Purchasing recommends the award of a twelve-month contract with four twelve month options to extend for the furnishing of the required services to Lockton Companies of Kansas City, MO, for the reason that it has submitted the lowest and best proposal; now therefore,

 

BE IT RESOLVED by the County Legislature of Jackson County, Missouri, that the following transfer within the 2024 Self-Insurance Fund be and hereby is made:

                     

DEPARTMENT/DIVISION

CHARACTER/DESCRIPTION

FROM

TO

Self-Insurance Fund Finance

 

 

 

060-1404

56830- Contingency

$200,000

 

060-1404

56310- Property Insurance

 

$200,000

 

 

 

and,

 

 

BE IT FURTHER RESOLVED by the County Legislature of Jackson County, Missouri, that award be made as recommended by the Director Finance and Purchasing and that the director be, and is hereby, authorized to execute for the County any documents necessary to the accomplishment of the award; and,

 

BE IT FURTHER RESOLVED that the Director of Finance and Purchasing is authorized to make all payments, including final payment on the contract.

 

Enacted and Approved

Effective Date: This Resolution shall be effective immediately upon its passage by a majority of the Legislature.

 

APPROVED AS TO FORM:

 

 

 

________________________________

County Counselor

 

Certificate of Passage

 

                     I hereby certify that the attached resolution, Resolution No. 21729 of September 16, 2024, was duly passed on September 23, 2024 by the Jackson County Legislature. The votes thereon were as follows:

 

 

                     Yeas _______9__________                                          Nays _______0_______

 

 

Abstaining ______0_______                     Absent ______0______

 

 

 

_________________                                                                                    ________________________________

Date                                                                                                                                                   Mary Jo Spino, Clerk of Legislature

 

 

 

 

Fiscal Note

Funds sufficient for this transfer are available from the source indicated below.

 

ACCOUNT NUMBER:                     060                     1404                     56830

ACCOUNT TITLE:                     Self-Insurance Fund

                                                                                    Finance

                                                                                    Contingency

NOT TO EXCEED:                     $200,000.00

 

 

There is a balance otherwise unencumbered to the credit of the appropriation to which the expenditure is chargeable and there is a cash balance otherwise unencumbered in the treasury to the credit of the fund from which payment is to be made each sufficient to provide for the obligation herein authorized.

 

 

ACCOUNT NUMBER:                     060                     1404                     56310

ACCOUNT TITLE:                     Self-Insurance Fund

                                                                                    Finance

                     Property Insurance

NOT TO EXCEED:                     $2,575,950.00

 

 

 

_________________                     ________________________________

Date                     Chief Administrative Officer