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). 

• 2025 Public Official Liability Insurance Renewal .pdf (0.06 MB)
• 2025 Public Officials.pdf (0.95 MB)

• 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.

• Coversheet - 2025 commercial Property Insurance Renewal.pdf (0.06 MB)
• Property Renewal 2025.pdf (1.82 MB)

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

• SPLOST 8 revised timeline.pdf (0.06 MB)
• Funding Timeline Adopted 9-5-2023.pdf (0.23 MB)
• Proposed Funding Timeline SPLOST_3-11-2025.pdf (0.22 MB)
• Annual Difference in Funding Timeline_ 3-11-2025.pdf (0.23 MB)

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

• Coversheet_ Minutes_ Finance 3.11.25.pdf (0.06 MB)
• 2025-25-02 Min. Fin. Cmte. Mtg..pdf (0.06 MB)