HomeMy Public PortalAboutAB 23-204 ICRMP JPAMcCALL CITY COUNCIL 216 East Park Street
AGENDA BILL McCall, Idaho 83638
Number AB 23-204
Meeting Date October 12, 2023
AGENDA ITEM INFORMATION
SUBJECT:
Request Approval of the Joint Powers Subscriber Agreement with Idaho Counties Risk Management Program, Underwriters (ICRMP)
Department Approvals
Initials
Originator
or
Supporter
Mayor / Council
City Manager
Clerk
Originator
Treasurer
Community Development
Police Department
Public Works
Golf Course
COST IMPACT:
Parks and Recreation
FUNDING SOURCE:
Airport
Library
TIMELINE:
Information Systems
Grant Coordinator
SUMMARY STATEMENT:
The City’s policy renewal is attached and reflects the coverages selected for the policy term shown. The renewal premium is $188,576.00 and will be billed to the City directly by ICRMP.
Payment of the required premium by the due date indicated will avoid cancellation of coverage for nonpayment. This policy is subject to certain exclusions and limitations.
The provided and attached ICRMP Summary of Changes reviews multiple updates to their policy forms for this year. While these are mostly clarifications, reductions include but are not
limited to:
Asbestos, Dioxin, Polychlorinated Biphenyls or PFAS (Perfluoroalkyl and Polyfluoroalkyls Substances) – reduction: Added to exclude claims related to PFAS.
Criminal and Malicious Acts – reduction: Added to exclude claims resulting from an act performed with malice or criminal intent.
Property Insurance: Property in the Course of Construction – reduction: Limit is reduced to $1,000,000.
Property Insurance: Inadvertently Omitted Property – reduction: Removed coverage for Inadvertently Omitted Property
Property Deductibles – reduction: new deductibles for Flood, Gymnasium Flooring, Hail, Weight of Snow, Wind, Earthquake.
The Joint Powers Agreement, attached, has been simplified this year. Hartwell has asked that it be signed and returned to their office. The City first signed an agreement with ICRMP
on June 24, 1993 and has been a member of ICRMP since.
RECOMMENDED ACTION:
Approve the Joint Powers Subscriber Agreement with Idaho Counties Risk Management Program, Underwriters and authorize the Mayor to sign all necessary documents.
RECORD OF COUNCIL ACTION
MEETING DATE
ACTION