Broward County Commission Regular Meeting
Director's Name: Stephen Farmer (Acting Director)
Department: Finance and Administrative Services Division: Administration
Information
Requested Action
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MOTION TO APPROVE First Amendment to Management Contract by and between Broward County and Omni Hotels Management Corporation, to amend operator's duties and Exhibit D, Minimum Insurance Requirements, and to delegate authority to amend the Minimum Insurance Requirements; and authorize the Mayor and Clerk to execute same.
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Why Action is Necessary
Amendments to agreements signed by the Board require the Board's approval absent delegated authority.
What Action Accomplishes
Updates the insurance requirements based on Risk Management's review and recommendation and in consultation and cooperation with Omni Hotels Management Corporation (the Operator), including granting authority to the County Administrator or delegee to approve, with the written concurrence of the Risk Management Division, further changes necessary based on the availability and reasonableness of risk management products in the changing insurance market.
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?MAP Broward
Previous Action Taken
None.
Summary Explanation/Background
THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT RECOMMEND APPROVAL OF THE ABOVE MOTION.
On March 15, 2022 (Item No. 50), the Board approved the Hotel Management Agreement (HMA) between Broward County and Omni Hotels and Resorts (Omni) for the Convention Center Headquarters Hotel (Hotel).
This item approves an amendment to the Minimum Insurance Requirements detailed in Exhibit D of the HMA, including granting authority to the County Administrator or delegee to approve further changes necessary based on the availability and reasonableness of risk management products in concurrence with the County's Risk Management Division; requirement for timely notification of insurers to safeguard property from further ...
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