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Verbal 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 at octa.legistar.com/Calendar

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File #: 21-3717    Version: 1 Name:
Type: Orange County Transportation Authority Item Status: Agenda Ready - Consent
File created: 9/27/2021 In control: Finance and Administration Committee
On agenda: 10/27/2021 Final action:
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, 2021, and a renewal is necessary to maintain coverage.

 

Recommendation(s)

Authorize the Chief Executive Officer to negotiate and execute Purchase Order No. A48889, in an amount not to exceed $735,000, to Marsh Risk and Insurance Services, Inc., to purchase property insurance on behalf of the Orange County Transportation Authority for the renewal of the coverage for the period of December 1, 2021 to December 1, 2022.