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RDC approves $66,603 insurance payment; staff to append covered-parcel list
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Summary
The commission approved payment of $66,603 for the RDC’s portion of property insurance premiums paid to Highland, and directed staff to append a parcel list identifying which RDC properties are covered by the policy at the next meeting; commissioners noted one demolished address would be credited.
The RDC voted unanimously on Feb. 2 to approve a $66,603 payment to Highland for the RDC’s share of property insurance premiums, to be paid from the 2519 operating fund.
Legal/risk staff said the RDC portion ($66,603) is shown on the invoice and explained the resolution’s expiration date allows time for timing differences in Highland’s billing cycle. Staff noted an error in the quote that included 615 W. 1st St., which was demolished as part of the Hopewell South project, and said a credit would be worked out.
Commissioners requested an itemized list of properties covered by the policy and that that list be appended to the resolution or included in the minutes so the public record clearly shows which properties are insured. Staff committed to returning with the property list at the next meeting and to attach it to the resolution or minutes as requested.
Next steps: staff will prepare and present the parcel list for inclusion in the minutes and attach it to the resolution so future records reflect the insured properties clearly.
