Sand Springs Municipal Authority AgendaPacket 2026-06-22
OMAG Property Coverage Renewal For Skiatook Water System
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Description
The Sand Springs Municipal Authority is asked to renew the Skiatook Raw Water Conveyance System property coverage with Oklahoma Municipal Assurance Group (OMAG) for FY27 at a total premium of $20,493, of which Sand Springs will pay 60%. The renewal includes a 5% premium increase and a deductible increase to $5,000.
Contract Details
Contract Amount
$20,493.00 (Sand Springs share $12,295.80; Sapulpa share $8,197.20)
Vendor
OKLAHOMA MUNICIPAL ASSURANCE GROUP (OMAG)
Agency
City of Sand Springs, OK
Contract Type
INSURANCE
Document Date
June 22, 2026
Contract Term
FY27
Renewal Date
2027-06-30
Renewal Info
Annual renewal of OMAG Municipal Property Protection Plan for the Skiatook Raw Water Conveyance System; FY27 premium increased about 5% and deductible raised to $5,000.
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