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Council approves insurance renewal amid Kester Block transfer plans; approves gift agreement authorization
Summary
Marysville approved its 2025 insurance renewal with EMC and authorized a Kester House gift agreement with limited administrative latitude for final edits amid ongoing negotiations to transfer parts of the Kester Block to a private party.
The Marysville City Council approved the city's 2025 insurance renewal with EMC and moved forward on a gift agreement for the Kester House (part of the Kester Block) while officials continue negotiations and funding arrangements to transfer portions of the property.
Insurance broker Jen Sologic presented the EMC renewal and noted the city's total insured values rose due to inflation in building-material and labor costs. She told the council that the Kester House was revalued by the carrier from a replacement-cost figure of $11,000,000 to…
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