INSURANCEAPPROVED

City of Charleston Awards Insurance Contract to Build America Mutual Assurance Company (July 2026)

Charleston City Council adopted Resolution No. 26-079 to purchase a Municipal Bond Debt Service Reserve Insurance Policy from Build America Mutual Assurance Company for its Series 2013 A sewer revenue bonds. The BAM policy replaces reserve cash, which can then be redirected to Magazine Branch sewer upgrades and other system improvements.

Status
APPROVED
Document date
July 6, 2026
Contract type
INSURANCE
Vendor
Build America Mutual Assurance Company
Agency
City of Charleston · WV

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract type
INSURANCE
Contract term
Term tied to the life of the Series 2013 A Bonds and reserve requirements
Renewal
Reserve insurance is intended to cover the remaining life of the Series 2013 A Bonds; if not extended or replaced at expiration, the City must restore cash funding to the reserve account.
Document type
Minutes
Source document
City of Charleston City Council Minutes 2026-07-06

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the insurance contract by City of Charleston?

Build America Mutual Assurance Company was awarded this insurance contract by City of Charleston, as recorded on July 6, 2026.

What type of contract is this?

This is a Insurance contract, documented as a minutes record.

Where was this contract approved?

This contract appears in City of Charleston City Council Minutes 2026-07-06 (Minutes), dated July 6, 2026 from City of Charleston. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Build America Mutual Assurance Company hold?

Build America Mutual Assurance Company may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Build America Mutual Assurance Company's profile

What is City of Charleston currently buying?

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