Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Claim Your Spot

Get email alerts on the Insurance topic

No spam. Unsubscribe anytime.

Lake Ridge board approves insurance renewals totaling roughly $281,890 in premiums

Lake Ridge Parks and Recreation Association, Inc. Board of Directors · May 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board approved insurance renewals for June 2025–June 2026, including a Commercial Package ($207,820), Umbrella ($63,464), Crime ($7,877), and Cyber Liability ($2,729) (Resolution 2025/5-3).

Vice President Janet Foote moved to approve insurance renewals for the period June 2025 to June 2026; Robert Malinowski seconded and the motion passed unanimously (Resolution 2025/5-3). The minutes record estimated premiums: Commercial Package (Property, General Liability, Automobile) — $207,820; Umbrella Liability — $63,464; Crime (Fidelity) — $7,877; Cyber Liability — $2,729, all expensed to GL 50200.

The minutes do not include the insurance policy documents or coverage limits; they record only estimated premium amounts and the board’s authorization to proceed. Management is expected to finalize procurement and bookkeeping under the listed general ledger code.

CivIQMessage your representative