Finance Committee Meeting Tuesday, March 11, 2025 01:20 PM Commission Chamber

FINANCE

• 1.Motion to approve renewal of Augusta POL/EPL Insurance with Premium Quote for 2025 – 2026 POL/EPL coverage with MarshMcLennan Agency, current broker, through insurance carrier RSUI for a premium of $70,760 (premium remained flat). 

• 2.Request to approve Augusta Commercial Property Insurance coverage for 2025 offered through Affiliated FM, current carrier, for a premium of $1,054,424 for full blanket coverage and limited flood coverage in flood prone areas.

• 3.Adopt updated funding timeline for Coliseum Authority Debt Service.

• 4.Motion to approve the minutes of the February 25, 2025 Finance Committee Meeting.