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NORTH CAROLINA ASSOCIATION OF COUNTY COMMIS <br /> <br />MEMORANDUM <br /> <br /> TO: Managers, for the following counties: <br /> <br /> Alleghany Gaston Polk <br /> Ashe Haywood Randolph <br /> Beaufort Henderson Robeson <br /> Bertie Hertford Rockingham <br /> Bladen Lincoln Scotland <br /> Brunswick Martin Stokes <br /> Cabarrus Nash Transylvania <br /> Caldwell Onslow Tyrrell <br /> Catawba Pamlico Wake <br /> Columbus Pasquotank Watauga <br /> Craven Perquimans Wilson <br /> Dare Person <br /> Edgecombe Pitt <br /> <br />FROM: Jim Blackburn, Staff Counsel <br /> <br />DATE: March 31, 1987 <br /> <br />SUBJECT: Environmental Impairment Liability Self Insurance <br /> Program - Program Update <br /> <br />The counties listed above have completed the environmental audits <br />conducted by Post, Buckley, Schuh and Jernigan in anticipation of an <br />Association-sponsored Environmental Impairment Liability Self <br />Insurance Program. <br /> <br />The Program will be a totally self-insured program; i.e. there is n_~o <br />commercial insurance available in this area. In addition, potential <br />exposure in the area of environmental impairment is significant. As a <br />result, it is imperative that we assure ourselves of adequate <br />financial resources to protect the integrity of the program before its <br />initiation. In order to do so without bankrupting program <br />participants, the Association is cooperating in development of <br />legislation to authorize issuance of risk financing bonds. We <br />believe that this is the only means to create a viable self insurance <br />program with meaningful limits of liability without forcing you to <br />decide between non-participation and a major expense. <br /> <br /> ALBERT COATES LOCAL GOVERNMENT CENTER <br />215 N. DAWSON ST. · P.O. BOX $4~R · RALEIGt'L NORTH CAROLINA 27602 · TELEPHONE <br /> <br /> <br />