2017-56 PRM Withdrawal NoticeRESOLUTION NO. 2017-56
A RESOLUTION OF THE VILLAGE COUNCIL OF THE VILLAGE OF
NORTH PALM BEACH, FLORIDA, AUTHORIZING THE VILLAGE MANAGER
TO PROVIDE PUBLIC RISK MANAGEMENT OF FLORIDA WITH NOTICE
OF THE VILLAGE'S INTENT TO WITHDRAW; AND PROVIDING FOR AN
EFFECTIVE DATE.
WHEREAS, the Village is currently a member of the Public Risk Management of Florida
("PRM") risk -management and self-insurance pool for property and casualty coverage; and
WHEREAS, the Village has directed its agent of record to seek alternative quotes from other
property and casualty carriers for the upcoming fiscal year; and
WHEREAS, in order to withdraw from PRM, the PRM Trust Agreement requires the provision of
written notice at least forty-five (45) days prior to end of the policy year (October 1, 2017); and
WHEREAS, because of the potential for withdrawal from PRM, the Village Council wishes to
authorize the Village Manager to provide the required written notice; and
WHEREAS, the Village Council determines that the adoption of this Resolution is in the best
interests of the residents and citizens of the Village of North Palm Beach.
NOW, THEREFORE, BE IT RESOLVED BY THE VILLAGE COUNCIL OF THE VILLAGE
OF NORTH PALM BEACH, FLORIDA, as follows:
Section 1. The foregoing recitals are ratified and incorporated herein.
Section 2. The Village Council hereby authorizes the Village Manager to provide written notice
to Public Risk Management (PRM) of its intent to withdraw from the risk management and
self-insurance pool for property and casualty coverage pursuant to Section 4.2 of the Trust Agreement,
and, in the event of the Village's actual withdrawal, to provide written notice in accordance with
Section 4.3 of the Trust Agreement.
Section 3. This Resolution shall be effective immediately upon adoption.
PASSED AND ADOPTED THIS I 01 DAY OF AUGUST, 2017.
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ATTEST:
VILLAGE CLERK
,kq, 4A.4.40
YOR
August 11, 2017
THE VILLAGE OF
NORTH PALM BEACH
"THE BEST PLACE TO LIVE UNDER THE SUN"
Ms. Bonnie Mims -Executive Director
Public Risk Management of Florida
3434 Hancock Bridge Parkway
Ft. Myers, Florida 33903
Re: 45 Day Notice of Potential Withdrawal- October 1St, 2017
Dear Ms. Mims,
In accordance with the Contract & By -Laws contained in the Intergovernmental Cooperative
Agreement (dated December 12, 2012), specifically sections 4.2 and 4.3, The Village of North Palm
Beach is hereby providing you the required 45 -day Notice of Potential Withdrawal from the Pool for
the fiscal year commencing October 1St, 2017.
Please note that accompanying with this notice is a resolution from our governing body (dated August
10, 2017), acknowledging our marketing of the Village's property and casualty insurance program
which may potentially lead to an election to withdraw from Public Risk Management of Florida
effective October 1St, 2017. We further understand that we must provide you, at least 10 days prior to
the beginning of the upcoming policy year, written notice of our actual intent to withdraw.
Your consideration is appreciated and we will be back in touch with you soon.
Respectfully,
Andrew-LGkasik
Village Manager
Village of North Palm Beach, Florida
501 U.S. HIGHWAY 1, NORTH PALM BWACH, FL 33408-4902 . (561) 841-3380 . FAX (561) 848-3344