BC 2012 10 15 Regular Meeting - Laserfiche WebLink

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October 15, 2012 (Regular Meeting) Page 1272 Mrs. Cook that the deputies were attempting to serve when Mr. Cook climbed into his tree stand and refused to come down. On these claims, the County is self - insured for the first $350,000.00 of any liability loss and any amount above $2.5 million. The County's excess insurer insures claims between those two limits. The excess insurance carrier was willing to contribute toward these claims because of the potential exposure. In view of the excess carrier's position, the County believed that it should contribute its retention of $350,000.00 to a settlement in order to limit its exposure. This case was settled for $1 million, of which the County paid $350,000.00. (The County's contribution was inclusive of the legal cost to defend the lawsuit.) Approval of the terms of the settlement was made by the Commissioners in closed session as permitted by the Open Meetings Law. The settlement has been paid to the plaintiffs' counsel and the case has been dismissed. Announcement of this settlement is made pursuant to the Open Meetings Law (NCGS §143- 318.11) General Comments The Board plans to review the Cabarrus County Schools list of requests from the one time unassigned fund balance at the November work session. The Board briefly discussed the Council for a Sustainable Local Economy. (M) ADJOURN UPON MOTION of Commissioner Carruth, seconded by Vice Chairman Burrage, and unanimously carried, the meeting adjourned at 8:05 p.m. G ( v - Megan mit, Clerk to the Board