Title
Consider recommendation from the Finance/Administrative Committee to approve a contract with the Texas Municipal League-Intergovernmental Risk Pool for property and casualty, and workers’ compensation insurance, in the amount of $86,774.
Body
RECOMMENDED MOTION:
Move the board approve a contract with the Texas Municipal League-Intergovernmental Risk Pool for property and casualty, and workers’ compensation insurance, in the amount of $86,774 for the period October 1, 2017, through September 30, 2018, and authorize the General Manager to execute the contract.
SUMMARY:
The purpose of this agenda item is for the board to consider a Finance/Administrative Committee recommendation to approve a contract with Texas Municipal League (TML) Intergovernmental Risk Pool for property and casualty, and workers’ compensation insurance for the plan year October 1, 2017 through September 30, 2018.
In 2016, the board approved a contract with TML for property and casualty, and workers' compensation insurance with options to renew for three additional years. This item represents the first of the three renewal options. The renewal for plan year 2018 totals $86,774, and represents a $3,511, or 4.2% increase over the current plan year costs. This increase is attributed to claims experience over the 2017 plan year.
At the September 26 meeting, the Finance/Administrative Committee voted to recommend the board approve a contract with the Texas Municipal League-Intergovernmental Risk Pool for property and casualty, and workers’ compensation insurance, in the amount of $86,774 for the period October 1, 2017, through September 30, 2018, and authorize the General Manager to execute the contract.
M/WBE PARTICIPATION:
Texas Municipal League-Intergovernmental Risk Pool is not a Minority Business Enterprise vendor.
STRATEGIC PLAN REFERENCE:
This agenda item does not relate to a specific goal within the Strategic Plan, but supports the general EAA mission.
FISCAL IMPACT:
Fun...
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