Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ravalli County commissioners decline historical replacement-cost appraisals for museum buildings
Summary
After hearing options and cost estimates, the Ravalli County Board of Commissioners voted unanimously May 9 to decline paying for historical replacement-cost appraisals for county buildings, including the old courthouse museum, and instructed staff to notify the insurer.
Ravalli County commissioners voted May 9 to decline insurance-paid historical replacement-cost appraisals for county buildings, including the county'owned old courthouse museum, after a staff presentation on options, costs and coverage implications.
County risk staff and an insurance consultant told the board that the county currently insures buildings based on a statement of values and a blanket policy that can supply additional funds if replacement-cost estimates are short. Fred, a county staff member who discussed the appraisal materials, said a historical replacement-cost analysis is intended to estimate the higher cost of rebuilding historic features (for example, copper trim or marble stairs) and would increase insured values for those buildings. He said, "If we lost the old…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
