Finance Committee Meeting Tuesday, February 13, 2024 01:15 PM Commission Chamber

FINANCE

• 1.Request to approve Augusta Commercial Property Insurance coverage for 2024 offered through Affiliated FM, current carrier, for a premium of $938,639 for full blanket coverage and limited flood coverage in flood prone areas.

• Coversheer 2024 Augusta Commercial Property Insurance Renewal Agenda Item.pdf (0.06 MB)
• Augusta Property 2024.DOC.pdf (2.79 MB)

• 2.Motion to approve continued service with CorVel, Third Party Workers Compensation Provider, renewal for Year 5.

• Cover Sheet 2024 Corvel Contract Renewal.pdf (0.06 MB)
• CorVel One Year Renewal and Pricing to Services Agreement.pdf (0.86 MB)

• 3.Approve Excess Workers’ Compensation Insurance with Safety National Casualty with statutory limits and a $1,000,000 Self Insured Retention (SIR – otherwise known as the deductible) to cover all positions for a premium of $546,894.

• Coversheet 2024 WC Excess Insurance Renewal .pdf (0.06 MB)
• Augusta-Richmond XS WC Board Renewal Summary 1.24.2024.pdf (0.32 MB)

• 4.The New Arena Intergovernmental Agreement (IGA) describes the terms and responsibilities between Augusta and the Augusta Richmond County Coliseum Authority for the issuance of bond and construction of the New James Brown Arena (JBA).

• New Arena Intergovernmental Agreement.pdf (0.06 MB)
• IGA for Augusta and CA vote.pdf (0.27 MB)

• 5.Update from the Interim Administrator regarding the URA revenue bond.

• AO URA Bond Update.pdf (0.06 MB)

• 6.Motion to approve the minutes of the Finance Committee held on January 30, 2024.

• Coversheet Finance Minutes 1-30-24.pdf (0.06 MB)
• Finance Minutes 1-30-24.pdf (0.06 MB)