City of Freeport Regular Council Meeting Minutes 2026-05-12
FMIT Property Insurance Adjustment Approved for FY24/25
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Description
The City of Freeport approved a $75,407 retroactive property insurance adjustment payment to FMIT to cover the addition of the wastewater treatment plant to the city’s insured assets for FY24/25.
Contract Details
Contract Amount
$75,407
Vendor
FMIT
Agency
City of Freeport, FL
Contract Type
INSURANCE
Document Date
May 12, 2026
Contract Term
FY24/25 (retroactive property insurance adjustment period)
Renewal Date
2027-05-12
Renewal Info
Yearly insurance renewal with annual audit adjustment. Adjustment is retroactive for the prior year period.
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