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File #: 2025-0241    Version: 1
Type: Administration Status: To Council
File created: 5/23/2025 In control: City Council Regular Meeting
On agenda: Final action:
Title: Request for Purchase Authorization - FISCAL: Approval of Renewal of Insurance Coverage (general liability, motor vehicle physical damage, property and crime coverage) pool contributions/costs, stop loss coverage, SIR (Self-Insured Retention) fund replenishment, legal defense, and risk management consulting in the amount of $505,000 for the period July 1, 2025 through July 1, 2026; Michigan Municipal Risk Management Authority (MMRMA) Livonia, MI
Attachments: 1. 060925 Agenda Summary.pdf, 2. MMRMA Coverage Proposal (2025-26).pdf, 3. Premium Breakdown.pdf, 4. Renewal Premium and Net Asset Distr.pdf, 5. Resolution (Draft).pdf
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Title

Request for Purchase Authorization - FISCAL:  Approval of Renewal of Insurance Coverage (general liability, motor vehicle physical damage, property and crime coverage) pool contributions/costs, stop loss coverage, SIR (Self-Insured Retention) fund replenishment, legal defense, and risk management consulting in the amount of $505,000 for the period July 1, 2025 through July 1, 2026; Michigan Municipal Risk Management Authority (MMRMA) Livonia, MI

 

Body

Resolved, that the City of Rochester Hills City Council hereby authorizes a Blanket Purchase Order/contribution to the Michigan Municipal Risk Management Authority (MMRMA) of Livonia, Michigan, for general liability, motor vehicle physical damage, property and crime coverage, pool contributions, stop loss coverage, SIR (self-insured retention) fund replenishment, and risk management consulting in the amount not-to-exceed $505,000 for the period of July 1, 2025 through July 1, 2026.