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Staff recommends repairing public-works storage building after appraisals show alternatives are costlier
Summary
Staff recommended using insurance proceeds to repair the public-works storage building (insurance settlement $340,000; city received about $304,000 so far) after appraisals showed demolition or sale would likely be financially unfavorable; council supported repairs to keep equipment under cover.
City staff presented appraisals and insurance information for the public-works storage building and recommended proceeding with repairs rather than demolition or immediate sale.
Staff said the insurance company agreed to $340,000 in coverage and that the city has received roughly $304,000 with about $36,000 remaining if repairs proceed. Appraisal scenarios…
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