Item M1BOARD OF COUNTY COMMISSIONERS
AGENDA ITEM SUMMARY
Time approximate: 2:00 p.m.
Meeting Date: May 15, 2013 Division: Employee Services
Bulk Item: Yes _ No X Department: Risk Management
Staff Contact Person/Phone#:Maria L. S avik X3178
AGENDA ITEM WORDING: Update on additional insurance coverage with Citizens Property
Insurance and request to rescind Board action of 8/15/2012 granting approval to purchase increased
Primary Wind coverage based on recent appraisal.
ITEM BACKGROUND: On August 15, 2012, an item was brought to the BOCC to approve payment
for an additional estimated premium of $113,382. This was being requested due to the appraisal of the
County's property which was performed April, 2011. Shortly after the BOCC approval, Citizens
advised that the limits could not be amended without a "System Generated Report" which included
segregated cost reporting that provided estimated replacement cost for the individual components of
the building such as roof, flooring, walls, etc.
PREVIOUS REVELANT BOCC ACTION: On 8/15/12 the BOCC approved to increase coverage.
CONTRACT/AGREEMENT CHANGES: N/A
STAFF RECOMMENDATIONS: Do not make adjustments to Primary Wind coverage as previously
approved by the BOCC on 8/15/12.
TOTAL COST: 0�- INDIRECT COST: BUDGETED: Yes No
COST TO COUNTY: S0
SOURCE OF FUNDS:
REVENUE PRODUCING: Yes _ No AMOUNT PER MONTH Year
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APPROVED BY: County Atty9 OMB/Purchasing
DOCUMENTATION:
DISPOSITION:
Included X To Follow
Risk Managem ant
Not Required
AGENDA ITEM #
Revised 2/27/01