FINANCIAL_SERVICESAPPROVED

City of St. Joseph City Council Agenda Packet 2026-05-11

City Awards Insurance Broker And Benefits Consultant Contract

City of St. JosephOLLIS AKERS ARNEY INSURANCE & BUSINESS ADVISORSMay 11, 2026

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Description

The City of St. Joseph approved an agreement with Ollis Akers Arney Insurance and Business Advisors to provide insurance brokerage and employee benefit consulting services for property, casualty, and health benefit programs. Compensation for the initial July 1, 2026 renewal cycle will mirror the prior broker’s structure, with a three-year term and two optional one-year renewals.

Contract Details

Vendor

OLLIS AKERS ARNEY INSURANCE & BUSINESS ADVISORS

Agency

City of St. Joseph, MO

Contract Type

FINANCIAL_SERVICES

Document Date

May 11, 2026

Contract Term

Initial term July 1, 2026 – July 1, 2029, with two 1-year renewal options

Renewal Date

2029-07-01

Renewal Info

Three-year initial term from July 1, 2026 through July 1, 2029, with two one-year renewal options subject to City approval at least 90 days before the renewal date and subject to a CPI-based adjustment not exceeding 4% annually. OAA may terminate with 60 days’ written notice; either party may terminate for cause if breach is uncured within 10 days.

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