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Council approves purchase of general-liability insurance, to be funded from Bellafield revenues
Summary
After reviewing options, council approved a comprehensive general-liability insurance program (Option 1) and directed staff to use Bellafield revenues to pay the premium; council declined to add terrorism coverage.
The City Council authorized purchase of general-liability insurance during the Oct. 14 meeting, approving the staff-recommended broad coverage option and funding it with revenues identified as Bellafield (restricted community benefit) receipts.
City Manager Chris Lopez briefed the council on four insurance options ranging from multi-year primary coverage with a $5,000,000…
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