HomeMy WebLinkAbout04/28/2022 MIN - SPECIAL MEETINGBEAV^04ONT
T E X A S
MINUTES OF THE CITY OF BEAUMONT
SPECIAL - COUNCIL MEETING
Albert "A.J _" Turner Jr_, At -Large ROBIN MOUTON, MAYOR Randy FeldscF>ta u, At -Large
Taylor Neild, Ward 1 CITY COUNCIL MEETING Mic ti.a I Getz, Ward 11
Audwin Samuel, Mayor Pro Tem APRIL 8, 2022 2Cli ris Oourio, Ward IV
Tina Broussard, City Clerk Chris Boone, Interim City Manager Sharae Reed, City Attorney
The City Council of the City of Beaumont, Texas, met in a regular session in strict compliance with
the Texas Open Meetings Act, Texas Government Code, Chapter 551 on April 29, 2022, at the City
Hall Council Chambers, 801 Main Street, Beaumont, Texas, at 5:00 p-m_ to considerthe following=
OPENING
Invocation Pledge of Allegiance Roll Call
public Comment: Persons may speak on Agenda item No_ 1
Mayor Pro Tem Samuel called the council meeting to order at 5:00 p.m.
Mayor Pro Tem Samuel gave the invocation and the Pledge of Allegiance. Roll call was made by
Tina Broussard, City Clerk.
Present at the meeting were Mayor Pro Tem Samuel, Councilmembers curio, Getz, Feldschau and
Neild_ Absent: Mayor Mouton and CouncilmemberTurner_ Also, presentwere Chris Boone, Interim
City Manager; Sharae Reed, City Attorney; Tina Broussard, City Clerk_
Public Comment: Persons may speak on Agenda Item No_ 1
None
AGENDA
1 _ Consider a resolution authorizing a contract for property insurance coverage for various city
owned buildings and assets.
Higginbotham, of Port Arthur, is the City's broker of record for securing the City's property
insurance. The proposed annual premium for Property, Equipment Breakdown, Terrorism
and Agency Fee is based on a total insured value of $242,31 9,396_ The cost of the policy for
this year is $2,044,040.61 , a $333,450.31 increase from last year's premium of
$1 ,71 0,590.30. The net rate (per $1 00 valuation) increased by 24.61 %, from $0.65 to $0.81 .
The increase in rate is attributed to a hardening commercial property market and losses
incurred by the City over the past few years. The policy renewal will be in effect from May 1,
2022, to May 1, 2023_
Minutes — April 28, 2022
Companies providing insurance are layered with exposure limited to the amount of damage
incurred. All risk coverage, including Flood and Earth Movement, is provided byAmRisc, LP,
Velocity Risk Underwriters (Lloyds), Starstone Specialty, First Specialty, AXIS Surplus Lines
Insurance Company, Lloyds of London (Insurisk, LP), Arch Specialty, and RSUI Indemnity
Insurance Company. Boiler and Machinery coverage is provided by Liberty Mutual Fire
Insurance Company. Terrorism coverage is provided by Lloyd's of London.
The deductibles per occurrence for the new policy are as follows:
Deductibles
$50,000 Per Occurrence as respects to All Other Perils, Except as noted below:
Named Storm Wind & Hail: 2% of the Sum of the Stated Values for each Location (affected
by loss) identified in the Statement of Values subject to $250,000 minimum Per Occurrence
Wind Driven Precipitation: 2% of the Sum of the Stated Values for each Location (affected
by loss) identified in the Statement of Values subject to $250,000 minimum Per Occurrence
All Other Wind &Hail: $50,000 Per Occurrence
Flood: $50,000 Per Occurrence, Except as noted below:
MAXIMUM NFIP, whether purchased or not, for Locations in Zones prefixed with A or V; plus
$100,000 Per Occurrence; Except 2% of the total insurable values at each location in the
loss or damage in any one Occurrence, subject to a minimum deductible of $100,000 in any
one Occurrence for Flood caused by, resulting from, or associated with a Named Windstorm.
Earth Movement: $50,000 Per Occurrence
Funds will come from the General Fund
Approval of resolution.
COuncilmember Feldschau moved to APPROVE A RESOLUTION THAT THE INTERIM CITY MANAGER
BE AND HE IS HEREBY AUTHORIZED TO EXECUTE A CONTRACT FOR FIRE, EXTENDED COVERAGE,
FLOOD AND QUAKE PROPERTY INSURANCE FOR THE ANNUAL PREMIUM AMOUNT OF $2,044,040.61
THROUGH HIGGINBOTHAM, OF PORT ARTHUR, TEXAS, AS BROKER, FOR ALL RISK COVERAGE,
INCLUDING FLOOD AND EARTH MOVEMENT PROVIDED BY AMRISC, LP, VELOCITY RISK UNDERWRITERS
(LLOYDS), STARSTONE SPECIALTY, FIRST SPECIALTY, AXIS SURPLUS LINES INSURANCE COMPANY,
LLOYD'S OF LONDON, (INSURISK, LP), ARCH SPECILTY, AND RSUI INDEMNITY INSURANCE COMPANY
EFFECTIVE MAY 1, 2022; BOILER AND MACHINERY COVERAGE PROVIDED BY LIBERTY MUTUAL FIRE
INSURANCE COMPANY EFFECTIVE MAY 1, 2022; AND, TERRORISM COVERAGE PROVIDED BY LLOYD'S
OF LONDON EFFECTIVE MAY 1, 2022. Councilmember Durio seconded the motion.
AYES: MAYOR PRO TEM SAMUEL, COUNCILMEMBERS DURIO, GETZ, FELDSCHAU AND
NEILD
NAYS: NONE
MOTION PASSED
Minutes —April 28, 2022
Resolution 22-119
COMMENTS
* Public Comments (Persons are limited to three minutes)
None
* Councilmembers/City Manager/City Attorney comments on various matters
COUNCILMEMBER COMMENTS
COUNCILMEMBER DURIO -
NONE
COUNCILMEMBER GETZ -
NONE
COUNCILMEMBER TURNER -
ABSENT
COUNCILMEMBER FELDSCHAU -
NONE
MAYOR PRO TEM SAMUEL -
NONE
COUNCILMEMBER NEILD -
NONE
CITY ATTORNEY REED -
NONE
INTERIM CITY MANAGER BOONE -
NONE
MAYOR MOUTON -
ABSENT
With there being no Executive session,
Council adjourned at 5:15 p.m.
fin SamUe , ayor Pro Tern �11
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Broussard, ity Clerk- w
Minutes — April 28, 2022