The Board of Supervisors met on Dec. 30 to close out old business and held another meeting Jan. 2 to kick off 2020.
During the Dec. 30 meeting the board voted to accept the higher bid received for the county property and liability insurance from ICAP versus the lower bid received from EMC. When questioned on this action in the Jan. 2 meeting on the reasoning, the supervisors stated it was a tough decision to make.
“My reasoning was because we’ve been a long time invested with ICAP, 22 plus years fully invested and that’s a longtime relationship,” said Supervisor Tom Swearingin. “Yes it was higher and some of that we would have gotten back but with our claims over the years there have been no questions asked. Our premiums really haven’t moved that much over the years, staying fairly stable. That was my reasoning and I know it has upset some and I hate it but we all voted unanimously on it. It’s hard to walk away from the large investment we have with ICAP.”
“My reasoning is parallel with Tom’s as we’ve never had any problem with them,” said Supervisor David Dotts.
“I have no problems with any insurance company giving us another bid, but it’s been my experience an insurance company will give you the best deal the first year then after that it changes,” said Supervisor Don Seams. “We have history with these people (ICAP).”
“From 1997 until 2020 we have $267,999.90 worth of credits with ICAP,” Swearingin added. “Yes we could have saved almost $25,000 but you have to look at the big picture. I’m sorry as I wish it could be local, but there’s just too big of a connection here.”
In other business the board appointed the Times-Republican, the Humeston New Era and The Seymour Herald as the official publications for the county for the 2020-year. The board also set the holidays the county would recognize for 2020 as well as setting the meeting schedule for the new year.
The board also approved GASB 34 capital assets, GASB 54 fund balances, the discrimination disclaimer and the master matrix for construction evaluation.
The next Board of Supervisors meeting will be held on Monday, Jan. 13 at 9 a.m.