OCTA header

Public Comments
Public comments may be submitted pursuant to the instructions noticed in the meeting agenda, which will be available at least 72 hours prior to the meeting.

Live and Archived Audio
NEW: Listen to the live and recorded Board and Committee meetings in the "Video/Audio" column below.

 
File #: 20-2976   
Type: Orange County Transportation Authority Item Status: Committee Ready - Consent
File created: 9/30/2020 In control: Finance and Administration Committee
On agenda: 11/11/2020 Final action: 11/23/2020
Title: Property Insurance Policy Renewal
Sponsors: Al Gorski, Maggie McJilton
Attachments: 1. Transmittal, 2. Staff Report, 3. Attachment A

Title

Property Insurance Policy Renewal

 

Overview

The Orange County Transportation Authority holds a property insurance policy with Zurich Insurance Company. This policy is scheduled to expire on  December 1, 2020, and a renewal is necessary to maintain coverage.

 

Recommendation(s)

Authorize the Chief Executive Officer to negotiate and execute Purchase Order No. A46200 in the amount of $629,269, to Marsh Risk and Insurance Services, Inc., to purchase property insurance on behalf of the Orange County Transportation Authority with Zurich Insurance Company for the policy period of December 1, 2020 to December 1, 2021.