e|agenda.NET Sarasota County Schools

THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 6:30 P.M.

April 5, 2011 Board Meeting Agenda Item #40 Title RENEWAL OF PROPERTY INSURANCE PROGRAM EFFECTIVE MAY 1, 2011 THROUGH MAY 1, 2012 Description The renewal duplicates the expiring program with a $70,000,000 insured loss limit and with the same policy terms and conditions as the expiring program.  The total annual cost [premium + regulatory fees] is $2,378,184.77.  This represents a premium decrease of $171,533 or 6.9% from the existing program. Recommendation That the property insurance renewal effective May 1, 2011 through May 1, 2012, be approved as presented. Contact WHITE & CORCORAN/PALMER Financial Impact $2,378,184.77, paid from the Capital Fund Attachment:  Property Renewal 05_01_11.pdf