e|agenda.NET Sarasota County Schools

THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 P. M.

March 16, 2010 Board Meeting Agenda Item #24 Title RENEWAL OF PROPERTY INSURANCE PROGRAM EFFECTIVE MAY 1, 2010 THROUGH MAY 1, 2011 Description The renewal duplicates the expiring program with a $70,000,000 insured loss limit and with the same terms and conditions as the expiring program.  The total annual cost (premium + regulatory fees) is $2,546,594.59.  This is a decrease in cost of $843,538.41 or 24.8% from the expiring program. Recommendation That the property insurance renewal, effective May 1, 2010 through May 1, 2011, be approved as presented. Contact WHITE & CORCORAN/PALMER Financial Impact N/A Attachment:  Property Ins. Renewal packet.pdf