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OTHER-2025-052-Approval to Increase in the Letter of Credit Required from Travelers Indemnity Company for Secure Payment of Workers Compensation Deductibles
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OTHER-2025-052-Approval to Increase in the Letter of Credit Required from Travelers Indemnity Company for Secure Payment of Workers Compensation Deductibles
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6/9/2025 10:08:01 AM
Creation date
6/9/2025 10:07:28 AM
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BOCC
Date
6/3/2025
Meeting Type
Business
Document Type
Others
Agenda Item
8-q
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Agenda 06-03-2025; 12-1 - Information Item - May 20, 2025 BOCC Meeting Follow-up Actions List
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 12-2 - Information Item - Tax Collector’s Report - Numerical Analysis
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 12-3 - Information Item - Tax Collector’s Report - Measure of Enforced Collections
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 12-4 - Information Item - Tax Collector’s Report – Foreclosure Chart
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 12-5 - Information Item - Tax Assessor's Report - Releases Refunds under $100
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 12-6 - Information Item - April 2025 Child Care Subsidy Monthly Report
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 4-a - Juneteenth Freedom Day Proclamation
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 4-b - Proclamation Recognizing June 2025 as Pride Month in Orange County
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 5-a - Application for Zoning Atlas Amendment – 1125 New Grady Brown School Road, Hillsborough, Hillsborough Township
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 5-b - Application for Zoning Atlas Amendment – 9900 NC 57, Rougemont, Little River Township
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 5-c - Unified Development Ordinance Text Amendments – Telecommunication Facilities Standards
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 5-d - Unified Development Ordinance Text Amendments – Solar Array Standards
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 6-a - Approval of Solid Waste Master Plan – Path to Zero Waste
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-a - Minutes
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-b - Motor Vehicle Property Tax Releases-Refunds
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-c - Property Tax Releases-Refunds
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-d - Approval of Interlocal Agreement with Durham County for Billing and Collection of Orange County Solid Waste Program Fees for Town of Chapel Hill Properties Located in Durham County
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-e - National Gun Violence Awareness Day Proclamation
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-f - Pollinator Week Proclamation
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-g - National Trails Day Proclamation
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-h - Fiscal Year 2024-25 Budget Amendment #10
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-i - Approval of Staff Computer Lease Purchase Agreement for Orange County Schools
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-j - Schools Adequate Public Facilities Ordinance – Approval and Certification of 2025 Report
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-k - Major Subdivision Preliminary Plat Application – Eden View Acres
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-l - Request for Road Additions to the State-Maintained Secondary Road System for Zieger Lane and Cattail Lane
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-m - Lease Amendment for the Communications Tower at 3605 Walnut Grove Church Road, Hillsborough
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-n - Approval of FY26 Annual Work Program for Transit Updates
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-o - Contract Approval for Recycling and Municipal Solid Waste Processing
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-p - Approval of Sportsplex Management Services Agreement
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
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
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-r - Renewal of Health Services Agreement with Southern Health Partners for Medical Services at the Orange County Detention Center
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-s - DSS Computer Peripheral Surplus Declaration and Donation to Triangle Ecycling
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-t - Resolution of Approval – Conservation Easement on Property owned by Jane Saiers and Darin Knapp (RambleRill Farms)
(Attachment)
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\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda 06-03-2025; 8-u - Approval of Health Department Fee Changes
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
Agenda for June 3, 2025 BOCC Meeting
(Attachment)
Path:
\Board of County Commissioners\BOCC Agendas\2020's\2025\Agenda - 06-03-2025 Business Meeting
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Attachment 1 <br /> Request to Amend to Standby Letter of Credit <br /> To : Truist Bank <br /> Greensboro, NC <br /> Attention : Letter of Credit and Trade Services <br /> Letter of Credit Number : <br /> _.....—.._................................................_...............I...... <br /> ( required ) <br /> Applicant hereby requests you to issue and transmit to the Beneficiary an amendment to your Letter of Credit referenced above, (the " Letter of <br /> Credit" ) issued pursuant to the Applicant's Application and Agreement for the Letter of Credit and any modifications and amendments thereof <br /> (the "Agreement" ) . It is understood that this amendment is subject to the beneficiary's consent. All other terms and conditions of the credit <br /> remain unchanged . <br /> ❑ Amend Applicant name and/or address : <br /> ❑ Amend Beneficiary name and/or address : <br /> - ._..—_.._......_....._....._.............................._..........- ----.............. <br /> ❑ Amend Expiration date to : ( MM/ DD/YY) <br /> _.......-..._ .............._........._ <br /> ® Increase amount by : $ 500, 000400 <br /> .........._..................... ......... _..._..` ......I._....... <br /> _._ <br /> ❑ Decrease amount by : <br /> —....._._.__......_.................... ...... <br /> ® To create a new total ( balance ) of: $ 1, 000, 000000 <br /> _..._......-......_-................__......................._........................................................ —.......... <br /> ❑ Other : <br /> The undersigned (jointly and severally) agrees that all terms and conditions of the Agreement, except as expressly <br /> amended hereby, shall be applicable to the Letter of Credit as amended and agrees to bear the cost of the relevant <br /> amendment processing fee of $ 150 . 00 and additional fees and commissions as applicable below . <br /> If this Amendment increases the amount of the letter of credit, the commission will be applied to the increased <br /> amount until the next billing period . <br /> If this Amendment extends the expiry of the letter of credit, the commission will be applied to the extended period . <br /> Commission . 50 % . If the commission rate calculates to less than $ 1, 000 for a period of one year on the <br /> full amount of the letter of credit, then the minimum charge of $ 1,000 will apply . <br /> If the commission rate is not completed, the commission will be charged at 3% or minimum$ 1,000, whichever is <br /> greater. <br /> * * * AMENDMENTS ARE SUBJECT TO BENEFICIARY AGREEMENT* * * <br /> If Applicable. <br /> Applicant Company Co-Applicant Company <br /> ( Obligor) name ORANGE COUNTY, NORTH CAROLINA (Account Party) name <br /> printed or typed : printed or typed : <br /> ......._......._......................._.___........_... _..__..........................................._......................... ...... ..........................-----..........—.__...........-- <br /> By : (Signature of By : ( Signature of <br /> Applicant ) Co Applicant) <br /> Name and title, /� �^ �j Name and title, printed <br /> printed or typed : /.. .�Ij�. _ `_ � � _. '1 vl...._....... . or typed : �_........... <br /> . _.............__....__............_ <br /> Date : ( MM/ DD/YY) �� t a Date : ( MM / DD/YY ) <br /> Page 2 to be completed by Truist Bank Relationship Manager <br /> Rev 8/23 Tuesday, May 13 , 2025 - 7 : 30 :49 AM Page 1/2 <br />
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