HomeMy WebLinkAboutResolution No. 2023-45Sponsored by: Administration
CITY OF KENAI
RESOLUTION NO. 2023-45
A RESOLUTION AUTHORIZING RENEWAL OF THE CITY'S PROPERTY, LIABILITY, WORKERS'
COMPENSATION, AIRPORT AND OTHER ANCILLARY POLICIES WITH THE ALASKA MUNICIPAL
LEAGUE JOINT INSURANCE ASSOCIATION FOR JULY 1, 2023 THROUGH JUNE 30, 2024.
WHEREAS, with the assistance of its broker, the City solicited quotes for General Liability & Automobile,
Property & Mobile Equipment, Airport Liability, and Workers' Compensation from the two public entity
risk pools operating in Alaska; and,
WHEREAS, Alaska Municipal League Joint Insurance Association (AMLJIA) provided the lowest total
quote of $789,920 for General Liability & Automobile, Property & Mobile Equipment, Airport Liability, and
Workers' Compensation; and,
WHEREAS, the City has been a member of Alaska Municipal League Joint Insurance Association
(AMLJIA) since July 1, 2020 receiving competitive rates and quality insurance coverage for the City; and,
WHEREAS, maintaining quality and sufficient amounts of insurance coverage is in the best interest of
the City and its residents.
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA:
Section 1. That the City Council authorizes the City Manager to renew the City's insurance coverage
for FY2024 with AMLJIA for an estimated annual premium of $789,920.
Section 2. That this Resolution takes effect immediately upon passage.
PASSED BY THE COUNCIL OF THE CITY OF KENAI, ALASKA, THIS 21ST DAY OF JUNE, 2023.
Brian Gabriel Sr., Mayor
ATTEST:
Michelle San MM , City Clerk
Approved by Finance: C
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KFNAI
City of Kenai 1 210 Fidalgo Ave, Kenai, AK 99611-77941 907.283.7535 1 wwwIenaixity
MEMORANDUM
TO: Mayor Gabriel and Council Members
THROUGH: Terry Eubank, City Manager
FROM: Lana Metcalf, Controller
DATE: June 12, 2023
SUBJECT: Resolution 2023-46 - Authorizing renewal of the City's Property,
Liability, Workers' Compensation, Airport and other ancillary policies
with the Alaska Municipal League Joint Insurance Association.
Each year the City goes through a process of renewing its property, liability, workers'
compensation, airport, and other ancillary insurance coverages. As part of the renewal process,
the City obtained quotes through its insurance broker, including quotes from Alaska Municipal
League Joint Insurance Association (AMLJIA) and Alaska Public Entity Insurance (APEI).
The quote from AMLJIA was for a total of $789,920 and the quote from APEI was for a total of
$897,770. The Finance Department, with the assistance of the City's broker, determined that the
rates and the insurance offered by AMLJIA for FY24 are in the best interest of the City and
recommend renewing coverage with AMLJIA. In addition, AMLJIA has provided the City's
insurance coverage since July 1, 2020 and has provided satisfactory coverage.
Thank you for your consideration.