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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 April 1. "We're going to be making a move from our existing carrier to a new carrier, named Travelers," Director Frank said, and he asked that the ordinance be placed on the next meeting agenda as an emergency.
The committee also heard from Director Bridal about a community cost-share account maintained jointly with the sewer district; Bridal said the $325,000 would cover purchase, closing costs and demolition of a single house on the Hickory Lane project site. "That covers purchase, closing costs, and demolition," Bridal said when asked how many houses the funds covered: "Just one."
Councilmembers voted in committee to place both items on the upcoming council agenda as emergency items so the city can complete the insurance renewal and proceed with the detention-basin land acquisition and demolition steps.
Votes at a glance - Insurance carrier change to Travelers (emergency ordinance on next council agenda): mover: Director Frank (administration); second: Councilmember Martin; roll-call in committee recorded: Martin — yes; Mario — yes; Curiosus — yes; outcome: committee voted to place on council agenda as emergency. - Accept community cost-share $325,000 for Hickory Lane Detention Basin (purchase and demolition of one house): mover: Director Bridal; second: Councilmember Mara; roll-call in committee recorded: Mara — yes; Martin — yes; Curiosus — yes; outcome: committee voted to place on council agenda as emergency.
Next steps: Administration will draft the emergency ordinance for the insurance switch to be presented at the next council meeting; the Hickory Lane acceptance will be included on the same agenda for council action.
