Consider and take action authorizing payment of windstorm insurance premium to Victor O. Schinnerer & Company, Inc. (Finance)

The City's windstorm coverage is through Victor O. Schinnerer & Company, Inc.  Since the city is located in the first tier of counties that border the Texas Gulf Coast, windstorm coverage is not available through Texas Municipal League Intergovernmental Risk Pool to the extent that it is available through either the Texas Windstorm Insurance Association (TWIA) or other windstorm carriers.  Victor O. Schinnerer & Company, Inc. serves as the property underwriting contractor for the Pool.  As part of the City's agreement with the Pool, they are available to serve as the City's insurance agent in placing windstorm coverage with the TWIA and/or another carrier.  The cost for renewal with Catalytic and Lloyd's of London is $232,552.95 which is a decrease of $27.31 over last year's renewal of $232,580.26.  The City coverage includes a total value of $27,667,423 and deductible per named storm of $50,000 per occurrence. Buildings covered by this insurance are Charles T. Doyle Convention Center/Nessler Center, Matthew T. Doyle Natatorium/Lowry Fitness Center, and Texas City Museum.