|
The
meeting was scheduled to begin at 8:30 a.m., but Chairman Abernathy
noted that a quorum was not present, so no decisions could be
made.
|
|
| Trustees
Present: |
Absent: |
Robert L. Abernathy, Chairman
Ron Hooker
Tom Kolb
Don McNutt
Dan Schuette (Designee for Steve Mahfood) |
Judy Baker, Vice Chairman
William "Bart" Creech III
James Ford
Robert Jackson
Joyce Murphy
Gary O'Neal |
| Staff
Present: |
|
Carol
R. Eighmey, Executive Director
Tim Duggan, Assistant Attorney General
Terry M. Nichols, Administrative Assistant
Pat Vuchetich, General Claims Manager
Ray Lentz, Operations Manager
David Pate, Claims Manager |
|
It was
decided to review those items on the agenda which were informational
only and did not require a vote.
Monthly
Reports
The monthly reports were reviewed. Dan Schuette asked whether an estimate
of costs for those claims "on hold" was available; Ms. Eighmey noted
most of those projects involve the planned removal of underground
tanks and no information on the extent of contamination at those sites
is available, so only an average cost can be assumed.
Loss
Experience - USTs
The summary of loss experience at insured UST sites was reviewed.
Ms. Eighmey noted that 12 known leaks at 2,750 insured locations is
an extremely low loss ratio. She noted that most commercial insurers
would not have covered the 77 claims filed at the time of tank removal,
without some evidence of a release occurring after the effective date
of coverage, nor would the 25 claims resulting from Phase II assessments
likely be covered. She noted that some of these latter two groups,
and some of the other insured sites, may in fact have had a release
while they were insured, but no evidence of such is available.
FY03
Year-End Report from DNR
The year-end report was reviewed. Don McNutt noted some areas of work
where the level of activity was below projections and the cost was
above projections; John Balkenbush indicated he would look into those
details further.
Update
on Risk Based Corrective Action
Ms. Eighmey again gave an optimistic report on the progress being
made. She noted two recent training sessions had been well-received
by consultants/contractors who do work at tank sites. Tom Kolb asked
whether owners of properties where cleanups are currently underway
will be changing to new rules; Ms. Eighmey referenced a memorandum
in the Board notebook prepared jointly by DNR and PSTIF which addresses
transition issues. She said in some cases PSTIF may require an owner
and his consultant to do a risk assessment, using the new guidance,
if it is a more cost-effective way to get the claim closed.
Administrative
Issues
Ms. Eighmey distributed a form to those Trustees present on which
they could indicate how much information about themselves, such as
addresses, phone numbers, etc., they wanted made public. Dan Schuette
explained this was part of an overall effort to improve channels of
communication with all boards and commissions.
Meeting
dates for 2004 were reviewed; no changes were made.
Billings
were reviewed.
Peter
Price, representing DNR's Geological Survey and Resources Assessment
Division, announced a 150-year celebration to be held on October 15
in Rolla, and invited PSTIF Trustees and staff to attend.
Budget
Requests
Even though the Board could not approve the requests from various
agencies, Chairman Abernathy asked if any of the Trustees present
had any questions or comments on them.
The meeting
was then adjourned.
If
such action is approved a majority vote of a quorum of the Board,
the Board of Trustees of the Petroleum Storage Tank Insurance Fund
may go into closed session at this meeting to discuss legal, confidential
or privileged matters pursuant to Section 610.021, RSMo.
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