Resolution authorizing acceptance of the proposal submitted for the Pier/Building property insurance policy by the insurance broker, Brown & Brown of Florida, Inc., 220 S. Ridgewood Ave. Daytona Beach, FL  32117.  The insurance carrier, Axis Surplus Insurance Company, provided a quote for property insurance coverage excluding named storms, windstorms, flood, wave wash/storm surge.  Coverage for the pier/building and loss of rental income coverage under this policy is for the total insured value of $10,250,000 for the period of September 30, 2017 through September 30, 2018 and for a total renewal premium of $45,004.  Funds available in the Pier Fund. 

Recommendation:  Human Resources Director recommends adoption of the Resolution.