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HomeMy WebLinkAboutPurchase - Auto Lib Ins for El Paseo Courtesy Cart STAFF REPORT CITY OF PALM DESERT ECONOMIC DEVELOPMENT DEPARTMENT MEETING DATE: December 13, 2018 PREPARED BY: Deborah S. Glickman, Business Advocate REQUEST: Approve the purchase of a Commercial Auto Liability Insurance policy in the amount of $6,966 for the operation of one (1) El Paseo Courtesy Cart for a one (1) year time period. Recommendation By Minute Motion: Approve the purchase of a Commercial Auto Liability Insurance policy in the amount of $6,966 for the operation of one (1) El Paseo Courtesy Cart for a one (1) year time period. Funds are available in the approved FY 2018/2019 Budget, Courtesy Carts Account No. 1104416-4368100. Strategic Plan The El Paseo Courtesy Cart program aligns with the City's Envision Palm Desert Strategic Plan, Economic Development Priority 4: Expand and raise awareness of business-friendly services in order to retain and attract business and the Transportation's Priority 3: De- emphasize the use of single/low occupancy vehicles and optimize multiple modes of travel. Discussion On August 23, 2018 the City Council approved a $130,277.16 expenditure for a contract extension in the amount of $115,000.00 with Glyn Donald Gray to operate the El Paseo Courtesy Cart program and $15,277.16 for Commercial Auto Liability Insurance for two (2) of the City's three (3) carts. At that time, due to its infrequent use, staff did not seek approval for an insurance policy for the third Courtesy Cart. Subsequent to the August 23rd City Council meeting, the City's Risk Manager recommended that a policy for the third cart be acquired. Therefore, in furtherance of the award made in August, staff is returning to the City Council with a request for funding for a third Commercial Auto Liability Insurance policy in the amount of $6,966.00. Staff Report El Paseo Courtesy Cart Insurance Page 2 of 2 December 13, 2018 Fiscal Analysis The cost of the Commercial Auto Liability Insurance for a one (1) year period is $6,966. Funds are available in the Courtesy Cart Account No. 1104416-4368100. LEGAL REVIEW DEPT. REVIEW FINANCIAL REVIEW CITY MANAGER N/A 6rhe,e4MJL Robert W. Martin Alvarez et Moore Lauri Aylaian Hargreaves Director of Economic Director of Finance City Manager City Attorney Development ATTACHMENTS: Endorsement Quotation from Evolution Insurance Broker 8722 S. Harrison St.Sandy, UT 84070 P.O. Box 4439 Sandy, UT 84091 C *IGN Phone:877-678-7342-Fax:877-452-6910 ENDORSEMENT 01i$URANC QUOTATION a.,a d rit e,,At o,s. Quotation Date: 10/29/2018 Quotation Number: SC18100495-5 Customer No: E15-709548 Policy No.: SC18100495-- Insured Name: City of Palm Desert Policy Effective Date: 10/08/2018 Policy Expiration Date: 10/08/2019 Producer Code: EIB Direct Producer Name: Jimmy Salmans Address: Coverage Change Detail: • Premium to add Auto Liability to the following Gold Cart: 2012 Club, Model GC, VIN # 14V634119DW347182 Premium: $6,750.00 Policy Fees $0.00 Taxes $216.00 Taxable Premium $6,750.00 Premium Taxes $216.00 Total Premium $6,966.00 Commission Retained $0.00 Total Due: $6,966.00 NOTE: Premium must be received prior to the Endorsement becoming effective unless on Approved Account Current terms. This Endorsement is subject to the cancellation and refund provisions of the policy. By signing below,the undersigned represents that he/she is authorized to execute this form and bind the Insured identified above. The undersigned acknowledges that the Insured has requested the Policy be modified or changed via endorsement and that the Insured agrees with the modifications or changes to the Policy as described above in the"Coverage Change Detail". Furthermore, undersigned acknowledges on behalf of the Insured that we have relied upon the information provided in pricing and quoting the Endorsement. Insured or Representative Signature Print Insured or Representative Name Please Remit Payment To: Make check payable to: E.I.B. E.I.B. P.O. Box 4439 Sandy, UT 84091 UDA-F-062 03APR2007 Page 1 of 1