Council agrees to lease/insurance adjustments for ESD building; potential policy changes discussed
Council reviewed TML insurance coverage for a city-owned building used by the ESD/fire department, discussed building and contents valuations and liability limits, and approved amending the lease to adjust occurrence and aggregate liability limits as discussed.
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Council reviewed the city’s TML insurance schedule and discussed coverage for a city-owned building used by the ESD/fire department. Staff reported building and contents valuations (building value referenced as 268,258; contents values discussed) and explained premises-liability classifications that affect potential claims and subrogation between insurers.
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