The renewal will allow the district to increase multiple policy coverage sub-limits, as identified in the attachment, and add a Stand-Alone Terrorism Policy to the program.  The total annual cost [premium + regulatory + Stand-Alone Terrorism Policy] is $2,496,608.50.  This represents a premium decrease of $630,688 or 20.46% from the existing program.  Property Insurance premiums are paid by the local Capital Improvement Fund.