Title
FY2017 Property Insurance Addendum - Orland Park Health and Fitness Center - Approval
History
The Horton Group recently received notification from Chubb, the Village's property insurance provider, that an additional premuim is due for coverage of the Orland Park Health and Fitness Center. The total premium due for the period of January 3, 2017 - December 31, 2017 is $23,519.
On October 2, 2017, this item was reviewed by the Finance Committee, recommended for approval, and referred to the Village Board of Trustees for approval.
Financial Impact
There is sufficient funding available in the Village's Insurance Fund to cover this premium cost.
Recommended Action/Motion
I move to approve the addendum to the Chubb property insurance premium to cover the Orland Park Health and Fitness Center, in the amount of $23,519.