STRATEGIC PRIORITY: Fiscally Sound
AGENDA DATE: August 27, 2025
COUNCIL DISTRICT(S): N/A
DEPARTMENT: Office of Risk Management
EXECUTIVE: Jack Ireland
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SUBJECT
Title
Authorize (1) the City's contracted Owner Controlled Insurance Program (OCIP/ROCIP) broker of record, Marsh USA, LLC, to purchase the Kay Bailey Hutchison Convention Center Master Plan Renovation and Expansion Project insurance policies for commercial general and excess liability, workers' compensation, contractor's pollution liability, railroad protective liability, owners protective professional indemnity, and builders risk, and other lines of coverage as needed for the period August 27, 2025 to August 27, 2030; and (2) an increase in appropriations in an amount not to exceed $58,760,667 in the CCT 2025 Senior Lien Special Tax Revenue Notes Fund - Not to exceed $58,760,667 ($36,334,542 for OCIP insurance and $22,426,125 for Collateral and Retained Losses) - Financing: CCT 2025 Senior Lien Special Tax Revenue Notes Fund
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BACKGROUND
June 24, 2024, the City Manager was authorized to execute a service contract with Marsh USA, LLC, approved to form by the City Attorney for Owner-Controlled Insurance Program (OCIP/ROCIP) broker services. Broker services were to include feasibility analysis, conceptual design, marketing, placement and administration of the OCIP/ROCIP program.
These insurance policies will provide coverage for commercial general and excess liability, workers' compensation, contractor's pollution liability, railroad protective liability, owners protective professional indemnity, and builders risk, on behalf of the City of Dallas. These construction project specific policies are written on a term basis that will expire on August 13, 2030.
The insurance policies secured by Marsh USA, LLC will provide the Owner-Controlled Insurance Program covering the City, as project Owner-Sponsor, Kay Bailey Hutchison Conventio...
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