Title
Chief Administrative Office recommending the Board approve and authorize the Chair to sign a revised Amendment I to the Agreement Between The County Of El Dorado And The El Dorado County Fair Association, Inc., a General Non-Profit Corporation, effective April 1, 2005, amortizing general liability allocated insurance charges over a ten-year period in order to lessen the budgetary burden on the Fair Association for 2017 and 2018.
FUNDING: No County funds are included in the Fair Association budget.
Body
DEPARTMENT RECOMMENDATION
Chief Administrative Office recommending the Board approve and authorize the Chair to sign a revised Amendment I to the Agreement Between The County Of El Dorado And The El Dorado County Fair Association, Inc., a General Non-Profit Corporation, effective April 1, 2005, amortizing general liability allocated insurance charges over a ten-year period in order to lessen the budgetary burden on the Fair Association for 2017 and 2018.
DISCUSSION / BACKGROUND
At its March 29, 2005 meeting, the Board of Supervisors entered into an agreement with the El Dorado County Fair Association, Inc., a general non-profit corporation, for the continued management of the County Fair.
Pursuant to Section 10 of the Agreement, the County is to determine the costs for direct services relative to general liability insurance and claims, and the Fair Association is to reimburse the County for its costs of such general liability risks of loss. The General Liability charges due from the Fair have increased in recent years due to claims experience. Fair management approached the County earlier this year and requested consideration of an agreement whereby the Fair could pay its charges over a longer period of time in order to lessen the financial and budgetary burden in the current years. The Board of Supervisors approved Amendment I to the Agreement on May 16, 2017, however, the Fair Association declined to approve the negotiated Amendment. The Fair Associa...
Click here for full text