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$68,000 percent-for-art fund for Hanover Garage prompts planning and insurance questions; appraisal requirement raised
Summary
Committee members discussed plans for the percent-for-art allocation tied to the Hanover Garage (about $68,000), where to site the work and a newly raised insurer requirement that city obtain appraisals for public art; staff will follow up with the insurer and city departments on valuation and insurance implications.
Committee members reviewed the status of the percent-for-art allocation connected to the Hanover Garage project and discussed where the approximately $68,000 set aside might best be used. Members said the garage construction is expected to be completed in the fall, and that having a completed façade or interior space would give artists a clear canvas for proposals.
The group discussed possible locations including exterior facades, interior walls and associated electrical boxes; one member suggested painted utility boxes (subject to third-party ownership) as smaller-scale opportunities. Members also noted the city could move funds from an allocated site only with City Council authorization.
A new practical issue emerged during the discussion: the city’s insurer (PrimeX) is requesting appraisals or valuation documentation for public-art assets for insurance purposes. Staff said the request is recent and that the city does not currently have appraisals for many existing pieces (e.g., Endeavor, codfish sculptures). The committee discussed appraisal methodologies (replacement cost vs. market value) and noted that insurers typically require valuations to set coverage levels; the committee asked staff to consult with the museum community and the city’s legal/insurance staff about appraisal practice and potential budget implications.
Members flagged potential follow-up tasks: determining whether percent-for-art funds must be used on-site or can be reallocated (which would need council approval), assessing appraisal options and costs, and confirming whether future projects must budget for appraisal and related insurance requirements.
No binding decisions were made at the meeting; staff will convene internal conversations with HR/insurance and relevant departments and report back.
