https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3210576&GUID=FA9D1904-8BDE-48DC-8A8A-026B218FB848Legistar15https://metro.legistar.com/Gateway.aspx?M=LD&From=RSS&ID=3210576&GUID=FA9D1904-8BDE-48DC-8A8A-026B218FB848FA9D1904-8BDE-48DC-8A8A-026B218FB848-2025-06-09-06-23-23Title: CONSIDER: A. AUTHORIZING the Chief Executive Officer to award a Contract to Merriwether & Williams Insurance Services (MWIS) for a not to exceed amount of $1,315,417 for a one year Bonding Assistance Pilot Program, effective January 1, 2018 to February 28, 2019, which includes a 2-month ramp-up period; B. ADOPT a resolution, Attachment A, authorizing the Chief Executive Officer and other Authorized Officers to negotiate and execute a $4,000,000 line of credit with Bank of America at a cost of $18,000 and to execute as needed, individual standby letters of credit at a cost of $2,000 each or 2% of the value of each letter of credit executed, whichever is greater, for the pilot year; (REQUIRES SIMPLE, SEPARATE MAJORITY VOTE OF THE FULL BOARD) C. AUTHORIZING the Chief Executive Officer to approve a no cost Memorandum of Understanding (MOU) with the City of Los Angeles for participation in the City’s Contractor Development and Bonding Assistance Program (CDBAP) for a one year Pilot Program; and D. AMENDING the FY18 budget for $1,413,417 to include the contract with MWIS, aMon, 09 Jun 2025 06:23:23 GMT