HomeMy WebLinkAbout2025-246SECOND EXTENSION AND AMENDMENT TO AGREEMENT FOR
PROPERTY AND CASUALTY INSURANCE BROKER SERVICES
This Second Extension and Amendment to that certain Agreement to provide Property and
Casualty Insurance Broker Services is entered into effective as ofJanuary 1, 2026, by and between Indian
River County, a political subdivision of the State of Florida ("County") and Arthur J. Gallagher Risk
Management Services, LLC ("Broker").
BACKGROUND RECITALS
WHEREAS, the County and the Broker entered into an Agreement for Property and Casualty
Insurance Broker Services effective January 1, 2024; and
WHEREAS, Paragraph 2 of the Agreement contains the term and renewal provisions; and
WHEREAS, the initial term commenced effective as of January 1, 2024, and ended on December 31,
2024; and
WHEREAS, the first renewal term commenced effective January 1, 2025, and will end on December
31, 2025; and
WHEREAS, pursuant to the Agreement, the parties desire to extend the Agreement for an additional
one year period; and
WHEREAS, the parties wish to Amend the Agreement to include new Termination for Breach
language;
NOW, THEREFORE, in consideration of the foregoing, and other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the County and the Broker agree as
follows:
1. The background recitals are true and correct and form a material part of this Second Extension and
Amendment.
2. The second renewal term shall commence effective January 1, 2026, and shall end on December 31,
2026. There are two additional, one-year extensions available on the contract.
3. ARTICLE 9 —TERMINATION is amended to include:
9.10 A vendor or service provider that breaches such contract during an emergency recovery period
(1 -year period that beings on that date that the Governor initially declared a state of emergency for a
natural emergency) is to pay a $5,000 penalty and damages, which may be either actual and
consequential damages or liquidated damages.
4. All other terms and provisions of the Agreement shall be unchanged and remain in full force and effect.
IN WITNESS WHEREOF, the parties have caused this Second Extension and Amendment to be executed
effective the day and year first set forth above.
Arthur J. Gallagher
Risk Management Services, LLC
By:
Printed na : Michael Gillon
Title: Area President
(Corporate Seal)
Date: 10/13/25
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INDIAN RIVER COUNTY, FLORIDA
BOARD OF COUNTY COMMISSIONEPS--,,,,.,
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By:
ph . Flescher, Chairman' , o
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Attest: Ryan L. Butler, Clerk of Circuit Court
And Comptroller
By:
Deputy Clerk
Approved:
John A. Titkanich, Jr.
County Administrator
Approved as to form and legal sufficiency:
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WiferW/Shuler
ounty Attorney