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Finance committee seeks emergency ordinance to switch to Travelers; $325,000 community cost share set for Hickory Lane detention basin purchase and demolition
Summary
Finance committee voted to place on the council agenda an emergency ordinance to change the city's property and liability carrier to Travelers ahead of an April 1 renewal, and to place on the agenda an emergency acceptance of a $325,000 community cost-share for the Hickory Lane detention basin project to purchase and demolish one house.
The Finance Committee voted to place two items on the full council agenda as emergency measures: (1) a planned change of the city's property and liability insurance carrier to Travelers to coincide with a policy renewal on April 1, and (2) acceptance of a $325,000 community cost-share account payment to fund purchase and demolition related to the Hickory Lane Detention Basin project.
Director Frank told the committee he has prepared a memo and will draft emergency legislation for the coming council meeting because the policy renewal falls on…
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