9/18/2001 - Laserfiche WebLink

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, t a -9 A S t " #bri,�.c ser' # p*.rl ? :>r "^i'yY e5 kf Chuck Wilde , Florida League of Cities , noted that he is not a commercial insurance salesperson but rather a manager of self- insured trusts . He recommended that the Siver recommendation not be accepted . He cited the increase in premium and the aggregate limits , stating that once those limits have been reached , there is no further coverage for the balance of the year . He also noted that the League is over- reserved right now but is not in any financial trouble . Mr . Erickson gave a brief explanation of the aggregate limits and noted that all County properties within '/ mile to 1 mile of the coast are subject to a 2 % deductible . Commissioner Adams inquired about a windstorm pool , and Mr . Erickson replied that they could check into that . Assistant County Administrator Joe Baird stated that he had reviewed the recommendations and felt that the wind coverage over the first '/2 mile from the coast was a primary concern as the value of the fire stations exceed $ 5 , 000 , 000 . The County has gone out for bids every 3 years and this year the premiums were so much higher that a decision was reached to employ a consultant . He pointed out that the County had always received good service from the League of Cities but their assets minus their liabilities are their net worth . They have a net worth of only $ 43 , 000 , 000 at this time and we have buildings in this County worth much more than that . The courthouse alone is worth $ 22 , 000 , 000 . Staff is trying to ensure that the County is as safe as possible . Commissioner Adams asked for a bottom line increase to the County on the recommended package , and Mr . Baird responded that the increase would be $ 779 , 042 with the League and $ 856 , 849 with the Gallagher bid . SEPTEMBER 18 , 2001 - 94 -