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Board signs off on $1.72M property-insurance renewal and multiple committee recommendations
Summary
The board approved a finance committee package including a $1,723,314 renewal for property insurance ($55 million limits per occurrence), contract renewals, kitchen equipment purchases from lowest bidders, and several change orders funded in part by FEMA.
The Terrebonne Parish School Board approved a package of committee recommendations from the Finance, Insurance & Section 16 Lands and Buildings committees on April 14, including a property-insurance renewal with USI Insurance Services Inc. and several procurement and change-order items.
The finance committee recommended renewing property insurance with limits of $55,000,000 per occurrence, $20,000,000 sublimits for named storms, and a $1,723,314 annual premium. Committee members discussed effective dates and why property…
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