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5-4-20 BOC Regular Meeting
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5-4-20 BOC Regular Meeting
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6/23/2020 1:10:30 PM
Creation date
6/23/2020 1:10:25 PM
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Admin-Clerk
Document Type
Minutes
Committee
Board of Commissioners
Date
5/4/2020
Book No
31
Page No
458
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Motion: Motion to waive the policy to delay voting on a public hearing until <br /> the next meeting. <br /> Mover: Cameron Sharpe <br /> For: 7 - Amy Dalrymple, Kevin Dodson, Arianna Del Palazzo, Dr. Andre <br /> Knecht, Robert Reives, Cameron Sharpe, Kirk Smith <br /> Motion Result: Passed <br /> Motion: Motion to accept the rate of 1.03% from JP Morgan Bank. <br /> Mover: Kirk Smith <br /> For: 7 - Amy Dalrymple, Kevin Dodson, Arianna Del Palazzo, Dr. Andre <br /> Knecht, Robert Reives, Cameron Sharpe, Kirk Smith <br /> Motion Result: Passed <br /> Motion: Motion to adopt Resolution Making Certain Findings and <br /> Determinations Regarding the Financing of Various Capital Projects for the <br /> County of Lee, North Carolina Pursuant to an Installment Financing Agreement, <br /> Selecting the Lender and Requesting the Local Government Commission to <br /> Approve the Financing Agreement. <br /> Mover: Kirk Smith <br /> For: 7 - Amy Dalrymple, Kevin Dodson, Arianna Del Palazzo, Dr. Andre <br /> Knecht, Robert Reives, Cameron Sharpe, Kirk Smith <br /> Motion Result: Passed <br /> IV. PUBLIC COMMENTS <br /> No public comments were submitted. <br /> V. OLD BUSINESS <br /> VI. NEW BUSINESS <br /> VI.A Property and Liability Insurance Renewal <br /> The County has received the renewal quote for Property and Liability Insurance from <br /> the NCACC for FY 2020 -21. The NCACC provides comprehensive coverage to <br /> counties that is uniquely designed to cover the County's needs and operations. The <br /> total renewal is $407,828. With the multi-pool discount the net renewal is $392,393. <br /> Last year's premium renewal was $385,466 with a net premium of$363,522 with the <br /> multi-pool discount. The increase in premium year over year is $28,871. An increase <br /> in claims history during the past year and increase in covered property values was <br /> the reason for the increase in premium. <br /> Lee Co. 2020 L&P Proposal.pdf <br /> Motion: Motion to approve renewal with the NCACC for Property and <br /> Liability Insurance. <br /> Mover: Robert Reives <br /> For: 7 - Amy Dalrymple, Kevin Dodson, Arianna Del Palazzo, Dr. Andre <br /> Knecht, Robert Reives, Cameron Sharpe, Kirk Smith <br /> Motion Result: Passed <br /> 3 <br />
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