BY COUNCILOR KRAUSE:
RESOLVED, that Resolution 07-0531 is hereby amended and the professional services contract with E&W Properties. LLC, for the management of Minnesota Tenant Remedies Act (TRA) properties is modified to allow professional and general liability insurance of $1,000,000; this change does not impact any other contract provision.
STATEMENT OF PURPOSE: This resolution amends the unsigned contract for E&W Properties, LLC The insurance article has been modified because the insurance coverage requested in the previously approved contract was not the insurance coverage requested in the request for proposals (RFP).
This contract provides for the management of Minnesota Tenant Remedies Act (TRA) properties as controlled by the city until such time as the properties are returned to said property owners. The original contract approved by the city council on August 13, 2007, required $1,500,000 in insurance coverage; this changes the amount to $1,000,000.
This change will not impact the contract amount, scope of services, or any other contract provision.
Requisition No. 07-0412