Extends Cannon Cochran's property and liability claims contract to 2022 at up to $250,000 a year
This amendment extends the contract with Cannon Cochran Management Services, Inc., which handles the district's property and liability claims as a third party administrator, from June 30, 2020 to June 30, 2022. The limit stays at $250,000 each fiscal year, with no increase in cost.
Plain-English summary written by AI from the official text. AI summary · amounts checked against official text
Notes on the official text
- The title spells the vendor 'Cannon Cochran' while the action text spells it 'Canon Cochran', a spelling variation of the same vendor.
- Vendor / partner
- Cannon Cochran Management Services, Inc. · Danville, IL
- Action
- Amendment
- Category Categories and sub-categories are assigned by AI from each item's official text, using a fixed set of definitions. They can be wrong. How categories work
- Legal, compliance & risk
- Term
- Jul 1, 2019 – Jun 30, 2022
- This vote
- $250,000
- Funding
- Fund 67 Self-Insurance
- Resource / site
9031-987- Presented by
- General Counsel
- File
20-1654· agendaP.-20- Outcome
- Adopted on the General Consent Report, Sep 9, 2020
Official text
Approval by the Board of Education of Amendment No. 1, Agreement between District and Canon Cochran Management Services, Inc. (“CCMSI”), a Third Party Administrator (“TPA”), Danville, IL, for the latter to provide third party administration of the District's property and liability claims, as delineated in Exhibit “A” of Amendment, incorporated herein by reference as though fully set forth, and extending the Agreement term from July 1, 2019 through June 30, 2020 to June 30, 2022, in an amount not to exceed $250,000.00, each fiscal year commencing July 1 (no increase in cost). All other terms and conditions of the Agreement remain in full force and effect.
History
- Adopted on the General Consent Report