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Carson Reclamation Authority approves insurance item with counsel review after exhibit discrepancy
Summary
Board approved staff's recommendation on agenda item 6, contingent on agency-council review, after members flagged an exhibit discrepancy between a $5,000,000 and $10,000,000 policy aggregate limit; the premium of $108,000 was confirmed.
The Carson Reclamation Authority approved agenda item 6 on Monday with a caveat that final form-and-content be reviewed and approved by the authority's legal counsel after a discrepancy was identified in the insurance exhibit. A board member said the exhibit table showed an "each incident limit $5,000,000" and a "policy aggregate limit $10,000,000," while a subsequent line in the same exhibit listed the aggregate limit as $5,000,000. The member said, "Marsh Deburger did send a corrected page today," and asked for flexibility to replace the page once the correct version is confirmed.
Board members agreed the premium amount of $108,000 and the $10,000,000 aggregate limit were correct as stated elsewhere in the package. During discussion the vice chair proposed adding a caveat that approval be "as to form and content through the city, through our agency council" so that counsel could confirm the proper exhibit language. The chair summarized the action as "to approve staff's recommendation upon approval by our council." The motion was seconded and the chair said the motion carries.
The transcript records no roll-call vote tally for item 6; the public record shows the board approved the recommendation with counsel review to confirm the exhibit page and form-and-content. The action was described as time-sensitive because the insurance would expire later in December if not executed; the premium, board members said, would be unaffected by the exhibit-page correction.
