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Agenda 06-03-2025; 8-q - Approval to Increase in the Letter of Credit Required from Travelers Indemnity Company for Secure Payment of Workers Compensation Deductibles
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Agenda 06-03-2025; 8-q - Approval to Increase in the Letter of Credit Required from Travelers Indemnity Company for Secure Payment of Workers Compensation Deductibles
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5/29/2025 1:43:13 PM
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BOCC
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6/3/2025
Meeting Type
Business
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Agenda
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8-q
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Agenda for June 3, 2025 BOCC Meeting
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3 <br /> 2) Authorize the County Manager or his designee, the Chief Financial Officer, to execute any <br /> renewals, amendments, or extensions, and other associated legal documents necessary <br /> to meet Travelers Indemnity Company's Letter of Credit and Guaranty Agreement <br /> requirements; and <br /> 3) Authorize the County Manager or his designee, the Chief Financial Officer, to make <br /> changes to legal documents prior to execution, consistent with this approval; and <br /> 4) Authorize the County Manager or his designee, the Chief Financial Officer, to sign and <br /> submit an application to Truist Bank for a Letter of Credit cap not to exceed $1,000,000. <br />
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