MEMORANDUM

TO: Pete Sprague, Assembly President

Members, Kenai Peninsula Borough Assembly

THRU: Dale Bagley, Mayor

FROM: Colette Thompson, Borough Attorney

Jeff Sinz, Finance Director

Todd Syverson, Assistant Superintendent

Gary Lamb, Risk Manager

DATE: May 5, 2003

SUBJECT: Resolution 2003-051, approving a contract for general broker services.

Attached please find the completed Resolution 2003-051 in which the administration requests that the assembly award the contract for general broker services to Willis of Alaska, Inc. Also please find the draft contract for assembly approval. As explained in the memorandum accompanying the resolution in the assembly packet, the proposals were not due until May 1, 2003, which was after the packet deadline for the May 6, 2003 assembly meeting. Expeditious review and approval of this resolution is requested because the existing insurance coverage expires July 1, 2003, and as much time as possible will be needed to adequately seek competitive proposals for insurance services by that deadline. Three proposals were received, and the proposal receiving the most points was submitted by Willis of Alaska, Inc. Accordingly, the risk management committee and risk manager request that the assembly authorize the administration to enter into substantially the attached contract with Willis of Alaska, Inc.