HomeMy WebLinkAboutR-2001-100 Extention of Agreement with Marsh Advantage America, Inc.RESOLUTION NO. R-2001- 100
A RESOLUTION authorizing and directing the City Manager of the City of Yakima to
execute an extension of the Broker/Risk Management Services
Agreement with Marsh Advantage America, Incorporated.
WHEREAS, on February 23, 1995, the City and Sedgwick James Co. of
Washington entered into a Broker/Risk Management Services Agreement for the time
period of February 14, 1995 through February 13, 1998; and
WHEREAS, on November 12, 1997, the City extended said Agreement for an
additional three-year period; and
WHEREAS, Marsh Advantage America, Inc. is the successor company to
Sedgwick James Co. of Washington; and
WHEREAS, the City and Marsh America desire to extend the Agreement
through midnight, July 31, 2002; and
WHEREAS, the City Council deems it to be in the best interest of the City of
Yakima to authorize execution of an extension of the Broker/Risk Management Services
Agreement with Marsh Advantage America, Inc., now, therefore,
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF YAKIMA:
The City Manager of the City of Yakima is hereby authorized and directed to
execute the attached and incorporated Extension of the Broker/Risk Management
Services Agreement with Marsh Advantage America, Incorporated.
ADOPTED BY THE CITY COUNCIL this 19th day of June, 2001.
ATTEST:
City Clerk
(1k)res/insurance/marsh advantage/contract extension/pm
ary Place, Mayor
EXTENSION TO
BROKER/RISK MANAGEMENT
SERVICES AGREEMENT
THIS AGREEMENT EXTENSION (hereinafter "Extension") to the existing
Broker/Risk Management Services Agreement (hereinafter "Agreement") is
entered into by and between the City of Yakima, Washington, a municipal
corporation, hereinafter the "City," and Marsh Advantage America, Inc, a
Washington corporation, hereinafter "Marsh America."
WHEREAS, on February 23, 1995, the City and Sedgwick James Co. of
Washington entered into a Broker/Risk Management Services Agreement for the
time period of February 14, 1995 through February 13, 1998; and
WHEREAS, on November 12, 1997, the City extended said Agreement for an
additional three-year period; and
WHEREAS, Marsh Advantage America, Inc. is the successor company to
Sedgwick James Co. of Washington; and
WHEREAS, the City and Marsh America desire to extend the Agreement
through midnight, July 31, 2002.
NOW, THEREFORE, the City and Marsh America agree to the following
extension and modifications to the Broker/Risk Management Services
Agreement:
1. Extension of Agreement. The Broker/Risk Management Services
Agreement (originally executed on February 23, 1995) is hereby extended by the
parties through midnight, July 31, 2002.
2. Consideration for Agreement Extension. The City shall pay Marsh
America Forty Two Thousand Dollars ($42,000.00) in consideration of services
rendered by Marsh America through July 31, 2002. Said consideration shall be
divided into two payments as follows: Eighteen Thousand Dollars ($18,000.00)
shall be paid upon execution by the parties of the Agreement Extension; the
remaining Twenty Four Thousand Dollars ($24,000.00) shall be paid by the City
to Marsh America on or by January 31, 2002. Payment of said consideration is
expressly conditioned upon Marsh America providing satisfactory services to the
City.
3. Other Terms and Conditions of Agreement. Except to the extent expressly
modified herein, all of the other terms and conditions of said Agreement shall
remain in full force and effect.
THIS AGREEMENT EXTENSION is executed by the parties this day of June,
2001.
MARSH ADVANTAGE AMERICA, INC. CITY OF YAKIMA
By:
Its:
Dick Zai , ity Manager
Contract No. 2001-66
Resolution No. R-2001-100
ITEM TITLE:
SUBMITTED BY:
BUSINESS OF THE CITY COUNCIL
YAKIMA, WASHINGTON
AGENDA STATEMENT
Item No. 4 oZ
For Meeting Of June 19, 2001
Extension of contract with MARSH ADVANTAGE AMERICA
Legal Department
Finance Department
CONTACT PERSON/TELEPHONE: Paul McMurray, Assistant City Attorney/575-6030
Rita Anson, Finance Director/575-6070 .
SUMMARY EXPLANATION:
This resolution extends the contract with MARSH ADVANTAGE AMERICA for broker/risk
management services. The existing contract expired February 13, 2001. Approval of this
resolution will extend the contract through July 31, 2002. During this extension period, staff will
complete the RFP process for future services.
The fee is $42,000, to be paid in two payments as follows: Eighteen Thousand Dollars ($18,000.00)
shall be paid upon execution by the parties of the Agreement Extension; the remaining Twenty
Four Thousand Dollars ($24,000.00) shall be paid by the City to Marsh America on or by January
31, 2002. (Note: The vast majority of the broker/risk management service work is completed
between January and July.)
Resolution X Ordinance Other (Specify)
Contract X Mail to (name and address): Marsh Advantage America
Attn: Joel Pearson P 0 Box 2547 Yakima, WA 98907 Phone: 509-248-7460
Funding Source Risk Manageme
APPROVED FOR SUBMITTAL:
City Manager
STAFF RECOMMENDATION: Adopt Resolution
BOARD/COMMISSION RECOMMENDATION:
COUNCIL ACTION: