The Texas Southmost College board of trustees special meting scheduled for noon today was halted by a Temporary Restraining Order, sources say.
The TRO was obtained by Greg Kelment, of Klement's Insurance, the current holder of the windstorm and hail property insurance contract with TSC. Judge Migdalia Lopez, of the 197th District Court issued the TRO against the TSC board of trustees preventing them from considering or voting on the matter.
Local co-broker for Klements Insurance Don De Leon said Klements motion to have the court issue the TRO caught him unaware.
"I tried to call him and he was busy," de Leon said. "I had no idea this was coming."
TSC's coverage will end at 12:01 a.m. tonight. After that, there is no insurance for the college's buildings and property for windstorm or hail.
There was only one item on the agenda of the agenda and that was the consideration and approval for the Windstorm and Hail Property Insurance. The trustees were prevented from voting for or against
Klements or the other bidders.
The rebidding of the insurance contract without board approval by former president Lily Tercero was one of the reasons that a majority of the TSC board voted to terminate her.
Tercero has renewed the windstorm policy without sending the item out for bids or even consulting the board.
The original contract provided coverage against windstorm and hail runs from April 7, 2016 to April 6, 2017.
Tercero said her her actions were intended "simply to protect the college."
The annual premium for basic windstorm protection was for $829,789, but, adding the excess windstorm protection for damage beyond a certain threshold, adds another $214,000, taking the premium to over $1 million annually.
The Klement's Insurance firm had been covering TSC for the duration of the bidding process and will expire today.
16 comments:
Who is the rocket scientist who canceled the old policy that is already paid for though April 2017 before having the new one in place. What kind of idiots are running the college?
Obviously the college should be insured if the policy runs from April 7, 2016 to April 6, 2017.
It seems that Tercero was protect the college and now thanks to the stupid people left in charge the college is uninsured.
Stop defending Tercero, facts will show she is incompetent and corrupt
Incompetence is allowing the college to become uninsured.
Kiko it was your mess. You, Ed, Garcia and Art. The new board is trying to clean up the STELAR MESS.
The idiots left.
Kiko's legacy in action
That was a great decision to drop the windstorm insurance, at over a million dollars a year it's way too expensive. City of Brownsville also dropped windstorm years ago, thus saving millions of taxpayers funds. It's better to take the risk instead of paying millions a year on needless insurance. The insurance companies will always try to find a loophole to deny claims anyway so canceling it was a wise decision.
Tercero left the college with insurance in place and now thanks to the new leadership the college is not insure. That seems like somebody is creating messes that did not exist before.
Seems like someone couldn't wait for the contract to end to get their compadres on the tit and screwed everything up along the way.
This is dangerous, how can they have classes in a building without insurance, what if someone falls or has an accident, call 1-800-abogado.
WINDSTORM YOU IDIOT!
Kiko? What does he have to do with it? He is not even on the board.
Right!
The ones that are incompetent & corrupt are the new leadership & self-serving majority. Politics at its best!
What ever became of the national presidential search? Is the board sitting on its hands due to incompetance and lack of leadership? Students deserve better. Like a stable college with goals and objective and a sense of direction.
The other shoe has dropped, Tercero is suing the college and will win thanks to stupid decisions by TSC. That place is worthless and should be shut down to save the community money.
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