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PDA approves consent agenda, leases 100 lithium golf carts and hears insurance renewal update
Summary
The board approved most consent agenda items, removed and separately approved a five‑year golf‑cart lease not to exceed $204,300 per year, and received a presentation on the insurance renewal showing roughly a 5–6% overall premium increase and notable workers'‑comp and cyber liability changes.
The Pease Development Authority approved the bulk consent agenda on Nov. 14 and separately approved a five‑year lease and service agreement for up to 100 lithium battery golf carts and two utility carts, at an annual cost not to exceed $204,300.
Director Parker presented the consent package and, after a request to remove item 5, the board approved items 1–4 and 6–8 by voice vote. Director Fournier moved to approve the golf cart lease (the removed item); the motion was seconded and approved. Staff said the carts will be leased for five years and the vendor will provide service; board members joked about marking and avoiding certain carts.
In a separate presentation, the board’s insurance broker (speaker 5) reviewed the PDA’s renewal, saying the overall renewal is roughly a 5% increase, with particular pressure on workers’ compensation (an experience‑mod swing noted at about 21%) and market dynamics pushing cyber liability quotes higher. The broker presented options to manage cost, such as increasing the commercial‑property deductible from $25,000 to $50,000 for potential premium savings. The broker said a proposed cyber liability placement would cost around $5,088 with improved coverage compared with a much larger mid‑year quote previously discussed.
What’s next: staff will execute the golf‑cart lease and the broker will provide a final renewal proposal at the December PDA meeting; board members asked staff to continue evaluating deductible options and umbrella/excess limits.
